Crypto prices are down due to several factors:
1. Disappointment over the US Strategic Bitcoin Reserve announcement, which didn't meet investor expectations ¹.
2. Escalating US tariff wars, leading to a risk-off sentiment among investors ².
3. Strong correlation between crypto and US equities, causing crypto prices to drop when stocks decline ².
4. Massive liquidations of nearly $980 million worth of positions, increasing market supply and driving prices lower ².
5. Failure to break through key resistance levels, signaling strong selling sentiment ².