#MarketTurbulence

🚨 Crypto Market Tumbles as Key Coins Break Major Price Levels

The crypto market is under heavy selling pressure today, with major assets sliding below key psychological marks. Bitcoin has fallen under $117,000, Ethereum has slipped below $4,400, BNB has broken the $820 threshold, and Solana has dropped under $185. The sudden move has rattled traders and revived questions about whether the recent rally was overextended.

What’s Driving the Drop?

Analysts point to a combination of macroeconomic and market-specific factors. Global risk sentiment weakened after fresh inflation data showed a sharper-than-expected rise in producer prices, reducing the likelihood of a near-term U.S. Federal Reserve rate cut. Higher rates tend to weigh on risk assets, and crypto — especially at elevated price levels, is no exception.

At the same time, futures markets saw a wave of liquidations as leveraged long positions were forced to close. This chain reaction amplified the sell-off, pushing prices down faster than normal spot trading would.