#CryptoRegulation

📉 The market is in a panic:

500 billion evaporated in 24 hours

Bitcoin dropped 12% (below 54,000)

Ethereum dropped 15% (below 2,800)

Alternative coins like $SOL

SOL

169.99

-4.35%

and $AVAX

AVAX

23.43

-6.54%

plummeted more than 20%

🔥 Reasons:

1️⃣ Economic shocks – rising interest rates and inflation fears

2️⃣ Regulatory rumors – talk of tightening from America and Europe

3️⃣ Liquidation massacre – 2.1 billion dollars from long positions evaporated

4️⃣ Whales sold – large wallets started selling, causing panic