Why Did Crypto Prices Drop Sharply?

The crypto market took a hit recently due to:

1. Mass Liquidations: Over $700M in long positions were wiped out, pushing prices lower.

2. Economic Uncertainty: Inflation fears and a strong U.S. dollar weakened investor confidence.

3. Profit-Taking: Traders cashed out after recent gains, triggering sell-offs.

These factors combined to create significant volatility