📉 Why did the crypto market drop in the last 24 hours?
🔻 #Bitcoin -2%
🔻 #Ethereum -6%
🔻 Altcoins in the red zone
Reasons for the drop:
— Strong signals from the Fed, inflation higher than expected
— Mass liquidations of longs ($200M ETH, $100M BTC)
— Profit-taking after the rally
— Risks of stablecoin regulation
— Geopolitical tension
What's next?
BTC needs to hold $115k
ETH — $4.4k
Everyone is waiting for Powell's speech in Jackson Hole
Strong altcoins (e.g., LINK) are already showing resilience
📊 Summary: keep an eye on the Fed and regulation, set stop-losses, don't ignore promising altcoins.
👉 Correction or the beginning of a bear trend?
