Today, the cryptocurrency market suffered significant losses due to several key factors:
1. Macroeconomic instability.
Growing concerns about a recession in the US and weak employment data have caused investor anxiety.
2. Mass liquidations.
Over the past 24 hours, the market lost more than $1 billion due to automatic position closures on many trading platforms.
3. Investor panic.
Investors hurriedly sold their assets to minimize losses, further exacerbating the price decline.
These factors together have caused a significant drop in the market capitalization of cryptocurrencies and triggered panic among investors.
