Today, June 6, 2025, a significant drop in the cryptocurrency market has been observed, with the total market value decreasing by approximately 180 billion dollars, reaching 3.12 trillion dollars.

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Main causes of the market collapse

1. The feud between Elon Musk and Donald Trump

The public conflict between Elon Musk and former U.S. President Donald Trump has plunged investors into uncertainty. Musk accused Trump of corruption and threatened to cancel SpaceX contracts, causing a major impact on the market.

2. Massive selling and liquidation

Cryptocurrency 'whales' (large investors) began selling off their large holdings, generating panic in the market and a rapid drop in prices.

3. Negative technical signals

Renowned analyst John Bollinger predicted a bearish trend for Bitcoin, leading to further sell-offs in the market.

4. Seasonal pattern and speculation

Some experts had already predicted a market collapse between June 6 and June 8, prompting investors to start selling their assets prematurely.

5. According to the

EMA Pattern, BITCOIN will fall to the price of 96, which will be a total collapse for cryptocurrencies.