It's the rise of U.S. 10 Year Treasury. Some whales run to bonds when the yield gets higher. so HODL guys :) we have seen the worst

Why Crypto Currency Market Crashed .??

The current downturn in the cryptocurrency market isn't caused by internal factors but is instead linked to the broader collapse of the Nasdaq. This external shock has had a ripple effect across all financial markets, pulling crypto prices down alongside traditional tech stocks. After carefully reviewing various on-chain metrics, it's clear that this decline was triggered by the Nasdaq's significant drop, which heavily influenced investor sentiment and market dynamics.

The connection between cryptocurrencies and global financial markets is becoming stronger over time. When a major stock index like the Nasdaq experiences such a steep fall, it creates widespread panic, causing investors to pull out from both stocks and digital assets. This has placed significant selling pressure on cryptocurrencies, even though their fundamentals remain unchanged. Essentially, the crypto market has been caught in a storm created by external forces, and navigating through this period will require patience and a long-term perspective.