The main reason for the decline in cryptocurrencies today
Based on the latest information:
1. Binance:
There are reports of new regulatory pressures on Binance, such as increased legal investigations or new restrictions in some countries.
Binance recently withdrew some of its services from major markets, which affected user confidence.
2. Political or economic statements:
If there is a provocative statement from figures such as Donald Trump or economic decisions that affect the traditional financial market, this may be reflected in the cryptocurrency market.
There may be rumors about tightening taxes on digital assets.
3. Liquidation of large positions:
When prices rise significantly, mass liquidation of large positions occurs, leading to severe selling pressure and rapid price declines.
4. Cybersecurity news:
Any major hack or theft of one of the platforms may lead to a decrease in confidence in the market.
Suggested step:
Check Binance news and follow the statements of the SEC or regulators in the United States or Europe.
Watch for any fluctuations in the traditional financial market, especially the dollar and major markets.
If you need exact details based on direct sources, I can dig further.
