Why is the market down today?
The crypto market dipped 0.86% ($33B) in 24 hours, cooling off after hitting a $3.86T yearly high. Key drivers include profit-taking after a 17.8% monthly rally, reduced BTC dominance (-0.31% to 61.09%), and macro uncertainty around dollar stability.
1. Profit-taking surge - $28M BTC liquidations (-81% vs prior day) signal orderly unwinding.
2. Altcoin rotation - Altcoin season index hit 39% (+44% weekly) draining Bitcoin's market share.
3. Dollar stability fears - JPMorgan reports central banks accelerating gold purchases as USD reserve share falls below 60%.
