đ Crypto Rollercoaster Alert! đ
The crypto market took a nosedive on July 25, with the total market cap dropping by 3.5% to $2.31 trillion. Whatâs behind this wild ride? Letâs break it down:
- **Risk-off Sentiment:** Crypto is mirroring the US stock market slump, which lost $1.1 trillion in a day!
- **Jobless Claims:** US jobless claims rose, adding to market jitters.
- **Fed Watch:** Investors are eyeing potential rate cuts later this year.
- **Ethereum ETFs:** New Ether ETFs saw outflows, triggering a sell-off.
- **Liquidations:** $330 million in liquidations rocked the market, with long traders hit hardest.
Whatâs your take on this crypto chaos? Drop your thoughts below! đŹđ