Why is The Crypto Market Down Today? $115 Billion Wipeout, What’s Up?
Here are some key points :
Bitcoin and Ethereum crashed as economic concerns sparked a $115 billion crypto sell-off, with further declines possible despite long-term optimism.
Bitcoin fell below $84,000 after a $115 billion market-wide sell-off erased weekly gains
Ethereum dropped to its weakest price against Bitcoin since May 2020, with ETF inflows stalled
The crypto crash coincided with poor U.S. economic data and inflation concerns
Fears about upcoming “Liberation Day” tariffs on April 2 compounded market anxiety
Technical indicators suggest more downside potential, though support may emerge at $70-75K for Bitcoin