#MarketPullback
Bitcoin has crashed, traders are in shock! 🚀💸➡️📉😱
Bitcoin, which recently soared confidently to the stars, has fallen below $100,000 again, and then down to $94,000. 😮💥 This led to liquidations of positions worth $1.4 billion in the market! 💀💸
The largest liquidation was the closing of a position in ethers worth $15.8 million on the cryptocurrency exchange Binance.
Why did everything crash?
1. The US Federal Reserve lowered rates by 25 points, and this seemed to give everyone a 'joyful life'. 📉
2. The positivity after Trump's victory made the market overly optimistic. Everyone was celebrating like on TikTok, and then – BAM, reality returned. 🙃
What do experts say?
“Too many hopes – too much pain. 🤷♂️” Hyper-optimism and a sharp rise in cryptocurrencies made them vulnerable.
What now?
The total value of cryptocurrencies has fallen from nearly $4 trillion to $3.4 trillion (-7.6%).
