Why did altcoins crash today?
1. US employment data exceeded expectations, reducing the possibility of the Fed's interest rate cut.
2. Long positions were liquidated, triggering selling pressure.
3. The liquidation amount of crypto derivatives was as high as over $387.83 million.
4. RSI showed a bearish divergence, indicating that the trend may reverse.
5. Geopolitical tensions and investor panic.
6. Transaction fees on the Bitcoin network increased.
