Why the crypto market is crashing today, broken down:
🧨 Crypto Sell-off Triggered by Two Key Factors
1. Escalating U.S.–Iran Conflict
U.S. airstrikes hit Iran’s nuclear sites, reigniting geopolitical tensions .
Crypto dropped sharply: BTC slid toward ~$99K, ETH plunged ~7–9%, and SOL, XRP followed with big double-digit losses .
Over $1 billion in crypto futures were liquidated as traders rushed to exit risk positions .
2. Fed Holds Rates Amid Inflation Concerns
Concurrently, the Fed signaled no rate cuts yet—keeping interest rates high, which dampens risk asset demand .
The combination of geopolitical panic and sticky inflation keeps capital emigration from crypto into safer assets like gold and USD.
📊 Market Snapshot
Metric Status
Crypto Market Cap Down ~$36B to ~$3.06T; stalled near $3.09T resistance
Bitcoin Price Slipped below $100K support, now around $101K, eyeing $98K
Liquidations Over $1B wiped out with ~240K traders liquidated
Altcoins ETH, SOL, XRP dropped 5–10% — altcoins bleeding more amid risk-off sentiment
🧭 What’s Next?
Risk-off assets rally: Gold, USD, and bonds are outperforming as uncertainty reigns.
Technical setup holds: Weekly patterns hint this might be a correction within a longer-term bull trend if support holds .
Watch key levels: BTC needs to hold $100K–$101K. A break below opens the door to ~$98K. Altcoins are fishing for support too.
Catalysts ahead: Easing in Middle East or positive Fed signals could reverse the current downtrend.
