$BTC Why the Crypto Market Crashed Today — June 6, 2025

The cryptocurrency market took a heavy hit today, with top coins like Bitcoin ($BTC ), Ethereum ($ETH ), and Solana ($SOL ) all posting notable losses. Bitcoin is down about 3.1% in the past 24 hours and currently trades near $101,701, sparking concern across the crypto community.

So, what’s behind this sudden crash? Let’s break it down 👇

1. 💥 Massive Liquidations

A wave of leveraged trades got liquidated, accelerating the sell-off. As prices dropped, margin calls triggered a cascade of forced selling, compounding the decline.

2. ⚔️ Elon Musk vs. Donald Trump Feud