🚨 Cryptocurrencies in Decline TODAY! Understand the 5 Reasons Shaking the Market 🚨
Good morning! ☀️ Today, May 19, 2025, the crypto market woke up in the red. Let's get straight to the point in a simple way with emojis to understand why Bitcoin and other coins are falling:
1. 💣 US-China Trade War
Trump is back with a vengeance and announced new tariffs against China, Mexico, and Canada.
➡️ This created a climate of fear in the global market.
➡️ Investors flee from risky assets like cryptos.
2. ⚠️ Mega Liquidations in the Market
More than 241,000 traders were liquidated in 24 hours.
💸 The largest position lost was US$ 32 million in BTC/USDT on Binance!
➡️ This puts even more pressure on sales.
3. 📉 Money Outflows from Bitcoin ETFs
Institutions withdrew US$ 564 million from BTC ETFs in the US.
➡️ Less interest = less price support.
4. 📊 High Inflation and Interest Rates in the US
With inflation rising, the Fed is expected to keep interest rates high for longer.
➡️ This dries up cash in the market and brings down cryptocurrencies.
5. 🔐 Huge Hack at Bybit
The exchange Bybit suffered a hack of US$ 1.5 billion in Ethereum.
➡️ This increased fear and shook confidence.
💥 Decline of Major Cryptos:
Bitcoin (BTC): Fell about 6%, below US$ 80 million
Ethereum (ETH): Plummeted 17%, quoted at US$ 1.486
➡️ ETH fell double that of BTC due to network issues and competition with other blockchains.
✨ Is there hope?
Despite the panic, analysts still believe that Bitcoin could hit US$ 150 million by the end of the year.
But for now… hold onto your hat, because the roller coaster is at high speed! 🎢