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B3bit

07/24 14:22

Why Has Crypto Dropped Today?

Why Has Crypto Dropped Today?Why-Is-the-Crypto-Market-Down-Today-2-768x402.webp

  • Bitcoin’s strong 17% rally led traders to secure profits, triggering sudden crypto market decline.

  • Heavy liquidations hit crypto traders hard, wiping out $968 million in long leveraged positions.

  • SEC paused Bitwise crypto ETF, plus Fed decision and White House report spooked traders.

  • Altcoins fell harder than Bitcoin; XRP dropped 12.4%, DOGE 14%, PEPE 13.5%.

The crypto market just saw a big drop, wiping out more than $130 billion in a single day. After weeks of strong gains, this sharp pullback has left many traders asking one big question: Why is the market crashing now? Many see this drop as a mix of profit-taking, big liquidations, and weak ETF interest.


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