🚨 What’s Causing the Altcoin Crash?

Geopolitical shocks — U.S. airstrikes on Iranian nuclear facilities triggered a widespread “risk-off” sentiment. This led to mass sell-offs, wiping out over $600 million in leveraged crypto positions m.economictimes.com+15coinpedia.org+15youtube.com+15.

Bitcoin breakdown — BTC recently slipped below $100K (hovering around $99K), dragging down Ethereum, Solana, XRP, Dogecoin, Cardano, and many others cryptotimes.io+1tradingview.com+1.

Technical weakness — The Altseason index has collapsed to 18, firmly in “Bitcoin Season” territory, signaling altcoins are underperforming relative to BTC mudrex.com+1tangem.com+1.

Flood of liquidations — Over $1 billion in liquidations occurred in the past 24 hours, mostly from long positions. Ethereum alone accounted for hundreds of millions mudrex.com+2m.economictimes.com+2cryptotimes.io+2.

📉 How Bad Are Altcoins Facing It?

Ethereum saw a flash crash—down ~8% intraday (dropping to $2,224), before recovering slightly coindesk.com+1coinpedia.org+1.

XRP, SOL, DOGE, ADA, PI, PEPE all dropped 7–17% within a day as panic selling intensified tradingview.com+3coinpedia.org+3cryptotimes.io+3.

Select smaller tokens (like AB, SPX6900, VIRTUAL) plunged ~10% or more in 24 hours tradingview.com+13cryptotimes.io+13beincrypto.com+13.

🔍 What to Watch Next

Bitcoin at $100K — A failure to hold above could cascade into deeper altcoin losses ccn.com+7cryptotimes.io+7mudrex.com+7.

Ethereum support zones — Critical levels sit near $2,250 and $2,290–2,300 (testing these might trigger rebounds) coindesk.com.

Geopolitical updates — Any escalation or resolution in the Middle East could sharply shift market mood.

Liquidity and technicals — Watch for oversold conditions and short squeezes if key supports