solarxcryptox
@drgnprod
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🚨 Crypto Market Crash: Causes & Consequences
ℹ️ The GMCI 30 index lost 8% in a day and 33.9% YTD. Bitcoin fell below $76K, Ethereum under $1.5K, with $XRP, $BNB, $SOL, $ADA, and $DOGE also declining.
📉 Why the Drop?
🔴 Trump’s new tariffs triggered global economic turmoil.
🔴 In two days, stock markets lost $5.4T, pressuring crypto.
🐦⬛ Market Reaction:
🔵 $1B+ liquidated in futures, mostly Bitcoin & Ethereum longs ($640M).
🔵 Fear & Greed Index hit a record 17 (extreme fear).
❗ More volatility ahead as the U.S.-China-EU economic standoff worsens.
This mirrors 2015's crash-recovery cycle, but macro risks remain high. 0 reply
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