Sharp Crypto #Decline — Key Drivers Behind the Drop

Analysis:

The displayed coins — $SHELL, FUN, GUN, CELR, $TURBO, and COTI — have all suffered significant 24-hour losses ranging from -8.6% to -12.58%. The sharpest fall is SHELL at -12.58%.

Possible Reasons for the Crash (in short):

Broader Market Sentiment: Likely impacted by recent Bitcoin/ETH downturn, causing altcoins to follow suit.

Regulatory Fears: Ongoing global scrutiny (like #SEC crackdowns or tax news) tends to scare off short-term investors.

Profit Booking: Recent rallies might have led to heavy profit booking by large holders.

Low Liquidity Coins: Smaller caps (like those shown) often see amplified moves both ways due to thin order books.

Macro Factors: Global risk-off sentiment (like interest rate hikes, economic uncertainty) can push crypto markets down.