#CryptoRegulation

Crypto market plunges: Over 500 billion dollars evaporated!

The last few hours have witnessed one of the most intense selling waves in the market in months.

🔸 Bitcoin broke critical support levels

🔸 Ethereum falls below key demand areas

🔸 Fear and greed indicators at their lowest levels since the beginning of the year

Possible reasons:

Sudden movements by whales

Negative economic data

Liquidation of long positions with high leverage

Rising regulatory pressures