## ๐จ Why Is Crypto Down Today? ๐จ
**Main Reasons: Federal Reserve Uncertainty & Middle East Tensions**
โฟ **Bitcoin (BTC)** has dropped below $105K, shaking confidence in the crypto market.
๐ **Federal Reserve Meeting Today**
- The US Fed is set to announce its interest rate decision.
- Markets are nervous, as uncertainty around rates often leads to risk-off moves in crypto.
- Investors are waiting for clues: Will rates stay high, or is a rate cut coming?
โ ๏ธ **Geopolitical Tensions: US, Israel ๐ฎ๐ฑ, and Iran ๐ฎ๐ท**
- Reports of increased US involvement in Israelโs actions against Iran are dominating headlines.
- These tensions are making investors more cautious and pushing them away from riskier assets like Bitcoin and altcoins.
- Any escalation could mean even more volatility for crypto.
๐ป **Technical Breakdown**
- BTC lost key support at $106K and $105K.
- Next support to watch: $104,400.
- Analysts warn: More selling could bring a 10-20% drop.
๐ฌ **Sentiment Check**
- Crypto Fear & Greed Index: 48 (neutral/cautious).
- Most top coins are down today.
๐ **Market Snapshot**
- Global crypto market cap: $3.27T (down 1.7% in 24h)
- BTC 24h range: $104,208 โ $105,539
- High trading volumes, but sellers are in control.
**Summary:**
- Uncertainty from the Fed and rising Middle East tensions are driving investors away from crypto.
- BTC and altcoins are mostly in the red as the market turns risk-averse.