#CryptoRegulation
🚨 Crypto Collapse of $500 Billion: What Happened?
📉 The market is in panic:
$500 billion vanished in 24 hours
Bitcoin dropped 12% (below $54,000)
Ethereum dropped 15% (below $2,800)
Alternative coins like $SOL
plummeted more than 20%
🔥 Reasons:
1️⃣ Economic shocks – rising interest rates and inflation fears
2️⃣ Regulatory rumors – talk of tightening from the US and Europe
3️⃣ Liquidation massacre – $2.1 billion in long positions evaporated
4️⃣ Whales sold – large wallets started selling, causing panic