🚨📉 CRYPTO MARKET SELLOFF ALERT🚨📉

The crypto market is in turmoil today, witnessing a significant downturn that has slashed the global crypto market cap by over 7% to $2.55 trillion. Bitcoin (BTC) and Ethereum (ETH) have both nosedived by over 7%, dragging down other altcoins like BNB, XRP, and more.

Reasons Behind the Market Crash:

📢 Friday’s Options Expiry: The massive options expiry of over $3 billion in BTC and ETH on Friday, Mar 15, triggered market volatility. With 30,568 BTC options set to expire today, options traders are cashing in profits, leading to a temporary dip in BTC price. However, this presents a buy-the-dip opportunity, hinting at a potential recovery.

📢 Fading Fed Rate Cuts Hopes:US Federal Reserve Chair Jerome Powell's testimony to Congress dashed hopes of immediate rate cuts, as economic data signals higher inflation and a resilient US economy. The Fed's decision to delay rate cuts until later in the year dampened market sentiment.

📢 Crypto Holdings Liquidation:A massive liquidation spree wiped out over $680 billion in market value, with over 192,000 traders liquidated in the last 24 hours. The largest single liquidation order, valued at $13.30 million, occurred on crypto exchange OKX, exacerbating the market sell-off.

📢 Slow Bitcoin ETF Inflow:Inflows into the US Spot Bitcoin ETF plummeted by 80.6% to $133 million on Thursday, signaling weakening Wall Street sentiment amid economic uncertainty.

Stay vigilant and informed amidst market turbulence. While today's sell-off may create short-term challenges, it also presents opportunities for strategic investing and potential recovery. Keep a close watch on market dynamics and stay resilient in your investment strategies. 💪📉 #CryptoMarketAlert #StayInformed #InvestWisely 🚀💼