#binance #Write2Earn #MarketUpdate

📉 Today’s Crypto Market Dump – Key Reasons

🗞️ 1. Macroeconomic & Trade Pressures

• Expectations that the U.S. Federal Reserve will keep interest rates higher for longer have caused capital to flow out of risk assets like crypto.

• New U.S. tariffs have strained global supply chains, particularly affecting the crypto mining and hardware sectors, contributing to bearish sentiment.

(Source: AInvest, BeInCrypto)

🔥 2. Mass Liquidations

• Over $629 million worth of long positions on BTC and ETH were liquidated, triggering a chain reaction of forced selling and panic.

(Source: Crypto.news)

• Old wallets (from April 2010) moved around 250 BTC, raising fears of incoming large-scale selling.

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📉 3. Technical Breakdown

• Bitcoin broke below its recent consolidation zone ($117k–120k), now trading around $116k. If the $115k support fails, it could drop to $111k.

• Ethereum also fell sharply — down about 4.1%, currently near $3,700.

😨 4. Investor Sentiment Turning Bearish

• The Fear & Greed Index dropped by 6 points to 75, showing growing caution in the market.

• Traders are increasingly risk-averse due to economic uncertainty.

⚖️ 5. Regulatory Development Didn’t Help

• The U.S. SEC introduced “Project Crypto” — aimed at modernizing crypto regulations — but the market hasn’t responded positively yet due to overall bearish momentum.

$BNB

$BTC

$ETH