🚨 CRYPTO CRASH ALERT (Aug 2): Why Altcoins Are Dumping Today
Markets are bleeding!
Bitcoin drops to $115K
Ethereum holds barely at $3,700
Altcoins like $SOL , $XRP , $DOGS fall 6–12%
🔻 What’s Behind the Crash?
1️⃣ Trump’s Tariff Shock
New 25–39% tariffs on India, Switzerland & South Africa shook global markets.
➡ Inflation fears → Fed rate cuts likely delayed → Less liquidity.
2️⃣ August Curse
August has historically been crypto’s worst month since 2015.
BTC dropped 8.6% in Aug 2024, ETH was down 22% last year.
3️⃣ $1B+ Liquidations
Massive long liquidations in $SOL, $ADA, $DOGE.
Binance alone saw $13.7M ETH futures liquidated.
🧭 What’s Next?
Key #BTC support at $116K — a break could lead to $110K.
No Fed rate cuts? Expect more pain.
Altcoin fear index at just 37/100 — capital fleeing to BTC.
Are you buying the dip or waiting for lower lows?
👇 Drop your take in the comments.
