🔥 Why did Bitcoin plummet today? Unveiling the reasons behind the crypto market crash 🔥

📉 Bitcoin experienced a sharp decline today, here are the key reasons behind this crash:

1️⃣ Macroeconomic pressures

Geopolitical tensions and inflation concerns have intensified, leading to a decline in investors' risk appetite.

2️⃣ Regulatory concerns

Recent news indicates that regulators are tightening their scrutiny of cryptocurrencies, potentially triggering market panic.

3️⃣ Whale activity

Large holders may have conducted significant sell-offs, sparking a market sell-off.

4️⃣ Technical support lost

Bitcoin failed to hold above key support levels, resulting in further selling pressure.

Future recommendations:

• Monitor support at $93,000 and resistance at $98,500.

• Develop risk management strategies to cope with market volatility.