Why did the cryptocurrency market fall today?

Key points:

- After several days of bull run, the cryptocurrency market fell sharply today due to global political and economic changes, which led to a market crash.

- According to the Fear and Greed Index, greed levels fell, the global market capitalization fell by 2.82% to $2.47 trillion, and almost all cryptocurrencies fell.

- The main reasons include the results of the EU parliamentary elections, the European Central Bank's 25 basis point interest rate cut, the results of the Indian elections, and the bear flag pattern of Bitcoin.

- The price of Bitcoin fell to $67,779, bringing other cryptocurrencies down with it, but analysts do not expect the price of Bitcoin to fall for a long time. #TopCoinsJune2024