Why did the cryptocurrency market crash?

The current cryptocurrency market crash is not caused by internal factors, but is linked to the broader collapse of the Nasdaq. This external shock has had a domino effect on all financial markets, sending cryptocurrency prices crashing along with traditional tech stocks. After carefully reviewing various on-chain metrics, it is clear that this crash was triggered by the significant drop in the Nasdaq, which greatly influenced investor sentiment and market dynamics.

The connection between cryptocurrencies and global financial markets is getting stronger over time. When a major stock index like the Nasdaq experiences such a steep drop, it creates widespread panic, causing investors to pull out of both stocks and digital assets. This has put significant selling pressure on cryptocurrencies, even though their fundamentals remain unchanged. Basically, the cryptocurrency market has been caught in a storm created by external forces, and navigating through this period will require patience and a long-term perspective.#Binance #$BTC #BullCyclePrediction #TrumpBTCBoomOrBust

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