#why market crashed?

The cryptocurrency market has experienced a significant downturn today, June 6, 2025, with the total market capitalization dropping by over $180 billion to approximately $3.12 trillion.

Reasons for the Crash

1. Elon Musk–Donald Trump Feud: A public dispute between Elon Musk and former U.S. President Donald Trump has unsettled investors. Musk's accusations of corruption against Trump and threats to withdraw SpaceX contracts have contributed to market instability.

2. Mass Liquidations and Whale Sell-Offs: Large-scale liquidations and significant sell-offs by major holders ("whales") have intensified the market decline.

3. Technical Indicators: Analyst John Bollinger has issued a bearish signal, suggesting the end of Bitcoin's recent rally phase, which may have prompted further selling.

4. Seasonal Patterns and Speculation: Some analysts had predicted a market downturn between June 6–8, leading traders to preemptively adjust their positions.