#MarketPullback
💦🔴Why the Crypto Market is Crashing Today❓💦
A SIMPLE COLLAPSE
💥1: Massive Crypto Market Crash
The global cryptocurrency market has lost over $212 billion in just 24 hours, a 5.4% drop, bringing the market cap down to $3.42 trillion. But this isn’t just a crypto problem — it’s linked to problems in the stock market as well.
💥2: The DeepSeek Shock
👉A Chinese AI app called DeepSeek has taken the US market by storm, becoming the top free app on the Apple App Store. Despite its small development cost of $10 million, it has been compared to ChatGPT, which is valued at $157 billion. 👉This made US investors nervous, fearing that American tech stocks might be overvalued. As a result, they started selling their stocks, which then spilled over into the cryptocurrency market, causing losses.
💥3: Massive sell-off and liquidations
As the market plunges, there has been a massive sell-off in the cryptocurrency space. In just 24 hours, $613 million worth of positions were liquidated. The largest single sell-off occurred on the HTX exchange, worth almost $100 million.
💥4: Bitcoin’s struggle
Bitcoin, the largest cryptocurrency, has fallen by more than 5% and is now trading just below $100,000. The $100,000 mark is an important support level — if it falls below this, we could see even greater losses. However, if Bitcoin recovers and climbs above $105,000, it could regain some positive momentum. 💥5: Altcoins are also down
👉 Ethereum, XRP, Solana, and other major altcoins are down 8-10%. Meme coins like DOGE and SHIB are also down 7-8%, while lesser-known tokens like PEPE and TRUMP are down even more by up to 13%.
