š„ Why Is Crypto Crashing Today? | June 22, 2025
Todayās sharp crypto sell-off caught many off guard. Hereās what triggered the drop:
š„ Geopolitical Shock: The U.S. launched airstrikes on Iranian nuclear sites, sparking global risk-off sentiment. Investors rushed out of volatile assets like crypto, seeking safety.
š $595M Liquidated: Over $595 million in long positions were wiped out in hours. Major support levels for $BTC
($100K) and ETH ($2.25K) failed, triggering cascade sell-offs.
ā ļø Ethereum Flash Crash: $ETH plunged over 7% within minutes, leading to panic in altcoins and triggering more auto-liquidations across the board.
šµ Macro Pressures: A strong U.S. dollar and global market uncertainty further dampened crypto demand.
š Whatās Next?
Watch for stabilization above key levels and any shift in geopolitical news. Until then, volatility remains high ā stay cautious and manage your risk wisely.