Why Is Crypto Falling Down?
The cryptocurrency market is facing a sharp downturn driven by several interconnected factors. One major contributor is the stalled trade negotiations between the U.S. and China, which Treasury Secretary Scott Bessent recently described as “a bit stalled.” This geopolitical uncertainty has heightened investor caution, triggering a broader risk-off sentiment. As a result, many are pulling out of riskier assets like cryptocurrencies, leading to widespread selling across the digital asset market.