#CryptoMarketDip

The cryptocurrency market fell sharply on Tuesday, erasing Monday's gains, as fear gripped investors over rising U.S. bond yields and market volatility. Let's analyze the shocking reasons behind this sudden drop.

📉 Massive drop in major cryptocurrencies

Bitcoin (BTC) fell by 4%, reaching a surprising low of $97,700. Ethereum (ETH), Ripple (XRP), and Solana (SOL) did the same, each dropping more than 5%.

This sharp decline was not limited to cryptocurrencies.

It reflected a broader risk-averse sentiment in financial markets:📊 The Nasdaq 100 fell by 1% to $19,635.📉 The S&P 500 fell by 0.50%.

⚡ Tech giants take a hard hit Popular tech stocks also felt the pressure:

💥 NVIDIA's shares plummeted by 5.4%, erasing $175 billion in market value!

🚗 Tesla's shares fell by 3%, while Super Micro Computer dropped by 1.5%.