$BTC Reasons for the drop in cryptocurrency prices today:

1. Geopolitical tension in the Middle East

The increase in tension between Israel and Iran, including mutual attacks between the sides, has led investors to reduce their exposure to high-risk assets such as cryptocurrencies, resulting in a market decline.

2. "Premature pause" approach of the US central bank

The Federal Reserve indicated that it will stop raising interest rates but may continue to be stringent in the future. This has increased uncertainty among investors, resulting in a shift towards safe assets and a decline in demand for cryptocurrencies.

3. Widespread liquidation of derivative positions (Liquidations)

Significant liquidation movements have been recorded in cryptocurrency contracts, especially the closing of long positions, which created additional selling pressure in the market.