PLANE CRASH AND CRYPTO MARKET !

🛬 What happened with the Indian plane crash?

On June 12, 2025, an Air India plane (Flight 171) crashed just after taking off from Ahmedabad. Sadly, it killed over 260 people, including those on board and some on the ground. Only one person survived.

This tragic event caused panic in the global financial markets:

The company that made the plane, Boeing, saw its stock drop by about 6–8%.

Indian airline stocks like IndiGo and SpiceJet also lost value.

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💸 Why did crypto prices fall too?

Even though this was an aviation accident, it affected the entire financial world, including crypto, because:

1. Investors got scared: The crash came during an already tense time globally (like conflicts in the Middle East), so people pulled money out of risky investments—including crypto.

2. Big sell-offs happened automatically: Many crypto traders use borrowed money (called leverage). When prices started falling, their trades were automatically closed, pushing prices even lower.

3. Everyone started playing it safe: As stocks started dropping, traders took money out of other risky assets like Bitcoin and Ethereum.

📊 What did crypto charts show?

Bitcoin dropped around 3%, trading between $103,000 and $108,000.

Ethereum dropped even more—up to 9%—which also dragged down smaller cryptocurrencies.

🧩 The big picture

Even though crypto wasn’t directly involved in the crash, it got hit because global confidence was shaken. When that happens, investors move their money to "safer" places like cash or gold.

So, crypto fell not because of its own problems, but because of the ripple effect from a major tragedy that shook the markets.