Why did the cryptocurrency market fall today?

Key Points

- After a few days of bullishness, the cryptocurrency market took a sharp turn for the worse today, resulting in a market crash due to political and economic changes in many countries.

- According to the Fear and Greed Index, greed levels fell, global market capitalization fell 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 Indian election results, and Bitcoin's bear flag pattern.

- The price of Bitcoin fell to $67,300, causing other cryptocurrencies to fall as well. It hasn't stabilized yet! Big support around 63,000?

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