What’s Causing the Crash
1. Geopolitical turmoil
Renewed Israel‑Iran tensions triggered risk‑off sentiment. Bitcoin plunged below $104 k and the entire crypto market cap dropped to about $3.2 trillion .
Analysts warn this may push BTC down toward $103 k or even the $100 k–$102 k zone.
2. Macro triggers & CPI implications
Cooler‑than‑expected U.S. inflation boosted stock and crypto markets but led to a swift correction afterward .
Higher oil prices from Middle East unrest may prolong inflation and delay Fed rate cuts, keeping pressure on risky assets .
3. Leverage and liquidations
A massive wave of leveraged long liquidations—over $980 million—has amplified the downturn .
Whale sell‑offs and margin calls on BTC, ETH, XRP, and DOGE escalated volatility .
4. Political spill‑over
Tension between Elon Musk and Donald Trump stirred uncertainty, damping investor confidence across markets.