Why are cryptocurrencies falling today?

1. Fear of Trump tariffs: Uncertainty regarding Trump's trade policy is causing investors to seek safe assets, such as the US dollar, leading to a sell-off of cryptocurrencies.

2. Hacker attack on Bybit: A massive hacker attack on the Bybit platform has raised concerns about the security of cryptocurrencies, prompting investors to sell their assets.

3. Profit-taking: After Bitcoin's recent rise to new highs, investors are taking profits, causing a natural price correction.

4. Position of the Federal Reserve: The Fed's decision not to lower interest rates has made cryptocurrencies less attractive, as investors prefer higher-yielding assets in a high-rate environment.

5. Technical correction: The volatility of the crypto market leads to corrections after significant increases, which may last for some time.