1) Tax Selling 💰💸

Yesterday, Morgan Stanley reported a whopping $256B in capital gains tax selling. That triggered a domino effect, causing the stock market to plummet. Since crypto still dances to the stock market's tune, both Bitcoin and altcoins took a hit.

2) War Escalation 🚀🔥

The tension between #Iran & #Israel escalated rapidly. During such times, people tend to cling to hard assets. Bitcoin hasn't quite earned that "gold standard" status yet, so it faced a harsh dump, dragging altcoins even deeper into the red.

3) BTC Dominance Rising 📈🔝

Altcoins took a beating yesterday, driving BTC dominance to a 3-year high. While Bitcoin saw a 5%–7% dip, large caps tumbled by a staggering 15%–20%.

What's next for the market? 🤔

Keep your eyes on the #GOLD chart! Historically, Gold tends to surge during times of conflict, like back in Feb 2022. If Gold starts plateauing or dipping, it might signal the end of the war jitters. I'll be closely monitoring this and updating you all! 📈🔍

Follow | Like ❤️ | Quote 🔄 | Comment🙏