@sadvisor2
The crypto market is crashing today for a few reasons.
First, people expect the Federal Reserve to keep interest rates high, which makes investing in risky assets like cryptocurrencies less appealing.
Second, many traders who borrowed money to invest had to sell their crypto, adding to the price drop.
In the last 24 hours, over $380 million worth of these leveraged positions were sold off. Combined with general economic worries, this has caused crypto prices to fall sharply.