Reasons for the cryptocurrency market decline.

The crypto market fell by 2.92% ($3.88T →

$3.76T) in 24 hours, extending a weekly decline of 2.48%. Key

factors include leveraged liquidation,

regulatory concerns, and risk aversion ahead of the Federal Reserve.

Leverage Unwind - $111.7M BTC liquidation (+2177% 24h) triggered cascading sales. Regulatory risks

- Warnings about Gemini's $282.5 million fraud before the IPO and

Hong Kong fraud warnings frightened traders. Macro Caution - Markets assessed Fed Chair Powell's speech in Jackson Hole (Fri) against the backdrop of 84.6% September rate cut odds.