🚨 Why is crypto down today?

1. Geopolitical tensions in the Middle East

Crypto markets are reacting to reports of Iran–Israel military strikes. Bitcoin dropped below $103K amid broader risk-off sentiment triggered by the escalation .

2. Macroeconomic concerns & policy shifts

Earlier in the week, cooler-than-expected U.S. CPI and PPI readings sparked brief rallies—but these fizzled as markets realized the Fed may delay rate cuts. This shift deflated bullish momentum, hitting especially Bitcoin after it stalled near $108K resistance .

3. Technical breakdown/triggers

Crypto's total market cap broke key support levels (around $3.35T), triggering automated sell orders and stop-loss cascades across many coins .

4. Tariff-related fears

U.S. political headlines—such as looming tariff threats—have also contributed to risk-off vibes. Crypto is reacting more sharply than equities .

5. ETF rotation and consolidation

Despite large inflows into Bitcoin and Ethereum ETFs, traders appear to be taking profits. Funds into ETH ETFs have eclipsed BTC for multiple days, but today shows typical profit-taking ahead of the next move .

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📊 What do the numbers say?

Market Cap: Crypto total valuation dropped ~4–6% in the past 24 hours, sitting around $3.4 – $3.5 trillion .

Bitcoin: Pulled back from intraday highs (~ $108K) to around $104–$105K, with intraday lows near $103K .

Ethereum & Altcoins: ETH fell ~6–8%, Solana ~8–9%, XRP & Dogecoin ~5–7% — broader "altseason" remains weak .

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🔍 Short‑term outlook

Sentiment: Markets are clearly risk-averse—crypto sentiment indicators have plunged into "fear" territory .

Technical: Prices are in a consolidation phase. BTC is forming a potential double-top pattern; key short-term support is now between $103K–$105K