đš $150B Wiped Out from Crypto Market in 24H â What Happened?
The crypto market just faced a brutal sell-off, erasing over $150 billion in value within a single day. Hereâs what triggered the bloodbath:
đ» Bitcoin (BTC) fell 3%, breaking below the key $110K mark and touching $108,700 â wiping out $20B in market cap.
đ» Ethereum (ETH) slid under $4K, closing at $3,832 â down 15% in a week.
đ» Major altcoins including XRP, BNB, and SOL also suffered heavy losses.
Why the Crash?
Rising risk aversion among investors.
Fed Chair Jerome Powellâs warnings on labor market fragility + sticky inflation = renewed stagflation fears.
Over $1.7B liquidations in leveraged positions fueled the plunge.
Key Levels to Watch
BTC: If it slips below $107K, a drop toward $100K (psychological support) is possible.
ETH: Next support at $3,750.
XRP: Eyes on $2.71.
Whatâs Next?
Upcoming U.S. economic data (PMI on Sep 30 & jobless claims Oct 2) could decide the marketâs next move. Weak numbers may spark a relief bounce, but strong data could keep selling pressure alive.
â ïž Risk Reminder: Volatility is high. Manage leverage carefully and trade within your limits.
#Bitcoin #Ethereum #Altcoins #CryptoCrash #BinanceSquare