๐ป Causes of the Crypto Market Crash
US Inflation Data disappoints โ hopes for rate cuts by The Fed fade.
Comments from the US Secretary of the Treasury: The government will not increase Bitcoin reserves โ negative market sentiment.
Profit-taking action after Bitcoin briefly broke the record (above $124,000).
๐ Price Movement (Today)
Bitcoin (BTC): Down ~2.5% โ now in the range of $115,000
Ether (ETH): Down ~5.7%
XRP, Solana, Dogecoin: Down ~5โ6%