ALERT: Why Is the Crypto Market Crashing—and Will the Bull Run Return?
The crypto market extended its decline on Saturday, May 17, with many altcoins giving up recent gains.
Bitcoin, as the market leader, typically sets the tone—when it climbs, altcoins often follow; when it dips, they tend to fall as well. Recently, a strong rally was seen across altcoins when Bitcoin broke past the $90,000 level and surged to a high of $105,900.
However, the current downturn is largely due to Bitcoin’s failure to break above the $105,000 resistance and retest its all-time high. This stall in momentum has triggered a broader sell-off.
Additionally, widespread profit-taking is contributing to the decline, as many investors are cashing in on gains from the recent rally. Notably, some of the biggest gainers during the upswing are now among the steepest decliners
