Why the Crypto Market is Down Today: Bitcoin’s Key Support Test and Altcoin Sell-Off

The crypto world is buzzing with questions right now. The total market cap has dropped by $48 billion in the last 24 hours, now sitting around $3.20 trillion. Bitcoin hovers near $95,583, while altcoins like Story (IP) have plunged 28%. If you’re wondering , this post breaks it all down simply. We’ll look at news events, technical signals, and what might happen next.

Key News Events Fueling the

Several big stories are hitting investor confidence hard. These events create fear and lead to quick sell-offs.

Polymarket Bets Raise Eyebrows

Polymarket, a popular prediction market on blockchain, is in the spotlight. A wallet turned $30,000 into $400,000 by betting on Venezuelan leader Nicolás Maduro’s removal right before it happened. Now,…

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