📉 Crypto Slides as Wall Street Stumbles — What’s Driving the Drop?
Global markets turned risk-off as U.S. stocks fell sharply after the opening bell, pulling crypto lower in tandem.
🔻 Bitcoin (BTC) dropped over 5%, slipping below $85,000, mirroring losses in U.S. equities.
🔻 Nasdaq fell ~2.3%, while the S&P 500 declined ~1.5%.
🧠 What Triggered the Sell-Off?
Concerns around Microsoft’s rising AI spending weighed heavily on tech stocks after its earnings report.
Despite 17% YoY revenue growth, Microsoft shares plunged 12%, dragging the broader tech sector down.
Crypto followed traditional markets as risk appetite faded.
📊 Crypto Market Impact
Total crypto market cap fell ~5% to $2.96T
ETH dropped 6.4% toward $2,800
Most top-10 coins posted 4–6% losses
TRON (TRX) stood out, trading relatively flat
⚠️ Market Sentiment Remains Fragile
On-chain data suggests short-term holders are under pressure
Buying and selling forces remain balanced, leaving the market vulnerable if support breaks
Fear & Greed Index remains in the “Fear” zone
💥 Liquidations Spike
Over 200,000 traders liquidated in 24 hours
Total liquidations exceeded $813M
Long positions dominated losses
BTC: $327M
ETH: $134M
🌍 Macro & ETF Snapshot
Spot ETH ETFs saw $28.1M inflows
Spot BTC ETFs recorded $19.6M outflows
The Fed paused rate cuts, holding rates steady and signaling caution
📌 Trader Takeaway
This move reflects a risk-off reaction, not panic. Crypto continues to track macro sentiment closely. Volatility may persist as markets digest earnings, Fed policy, and global liquidity conditions.
💡 Patience, position sizing, and discipline matter most in headline-driven markets.
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