Bitcoin, Ethereum, XRP, and other top altcoins are in a relentless sell-off that has cumulatively erased over $2.5 trillion since their peaks last year. BTC moved briefly below $60,000, while ETH and XRP dropped to $1,500 and $1.06, respectively. This article explains why the crypto market crash is happening and why the Fear and Greed Index may trigger a rebound.

Top Reasons Behind the Crypto Market Crash

There are several reasons behind the ongoing crypto market crash. First, the Bureau of Labor Statistics (BLS) released strong jobs numbers on Friday. This report showed that the economy added over 172k jobs in May, more than double what analysts were predicting. 

Two separate…