🔴 Crypto Market Is Falling! WHY???🔴
Bitcoin and other cryptocurrencies continue to fall sharply today. 🥲
Main Reasons:
- Fed Official: Forecast of lower-than-expected interest rate cuts has weakened investor confidence.
- Bitcoin ETF: Strong withdrawal trend from Bitcoin ETFs in the US.
- Long Liquidation: Selling pressure from liquidated long positions has caused prices to fall further. Data from Coinglass shows that the market has seen liquidations worth about $403 million in the past 24 hours.
👉 Advice: Investors should closely monitor macroeconomic factors and manage risks better.
Read more here: https://t.me/cryptoanalysisvn/1/1694