Why crypto market are down today?

The cryptocurrency market experienced a downturn today, May 13, 2025, due to a combination of factors: 

1. Profit-Taking Ahead of U.S. Inflation Data: Investors are booking profits from recent gains, particularly in Bitcoin, ahead of the upcoming U.S. Consumer Price Index (CPI) report.

2. Significant Liquidations: The market saw over $500 million in long position liquidations, especially in Bitcoin, as prices declined from recent highs. This wave of liquidations has contributed to the downward pressure on prices.  

3. Decline in Bitcoin ETF Inflows: There has been a noticeable drop in inflows to spot Bitcoin ETFs, indicating a cooling investor interest. This decrease in demand has added to the selling pressure in the market.  

4. Security Concerns in DeFi: A recent security breach at Curve Finance, a prominent decentralized finance platform, has raised concerns among investors, leading to increased caution and contributing to the market's decline.  

As of now, Bitcoin is trading at approximately $103,170, down about 0.23% from the previous close.  Ethereum is at $2,544.63, up 0.61%.  BNB stands at $653.88, down 2.48%.  XRP is priced at $2.52, down 1.95%.  Cardano (ADA) is at $0.798, down 3.68%. 

The market's direction in the near term will likely depend on the forthcoming U.S. inflation data and subsequent monetary policy signals. $BTC #TradeStories $ETH