🔥 Crypto Market Plunges – What’s Behind Today’s Drop?

The global crypto market is in the red zone today, with Bitcoin (BTC) trading below $115K and Ethereum (ETH) around $3.45K. Major altcoins like Solana (SOL), Dogecoin (DOGE), and XRP are also down 5‑8%.

Top Reasons for Today’s Decline:

1️⃣ U.S.–China Tariff Tensions – New U.S. trade tariffs and global market uncertainty have pushed risk assets into a sell‑off.

[Source: Economic Times]

2️⃣ Massive Liquidations – Over $700M in long positions were liquidated in 24h, triggering a cascading sell‑off.

[Source: CoinCentral]

3️⃣ Options Expiry & ETF Outflows – Over $7B options expiry and institutional outflows from BlackRock and Fidelity ETFs accelerated the market drop.

[Source: The Coin Republic]

4️⃣ Technical Breakdown & Fear Sentiment – BTC broke the $115K–116K support, and the Fear & Greed Index shifted into “Fear.”

[Source: CoinMarketCap Academy]

5️⃣ August Seasonal Weakness – Historically, August delivers ~−5% average returns for crypto markets.

[Source: Crypto.News]

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📊 Market Snapshot

BTC: ~$113K (−1.9%)

ETH: ~$3.45K (−4.1%)

Altcoins: SOL & DOGE (−5% to −8%)

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