📉 Why did cryptocurrencies fall today?
1. Profit-taking after recent highs
Bitcoin had reached a new all-time high (~US$123,000), prompting many traders to liquidate positions. As a result, Bitcoin fell ~3–4%, dragging Ethereum (-0.6%) and other altcoins down by -2% to -5%.
2. **Caution due to regulations in the U.S.**
The so-called "Crypto Week" has begun, with votes in the House of Representatives on new regulations (including the GENIUS Act). A key procedure was rejected by a margin of 196–223, creating uncertainty, which contributed to a drop of approximately 3% in cryptocurrencies and crypto stocks.
3. Liquidations in futures and margin calls
Due to the declines, long positions in futures were massively liquidated: some reports indicate +US$300M in liquidations within 24h, intensifying the downward trend
