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Why Is Crypto Down Today? Nearly $1 Billion in Leveraged Positions Just Got Wiped Out.

Why Is Crypto Down Today? Nearly $1 Billion in Leveraged Positions Just Got Wiped Out.

Quick Read

  • Nearly $1 billion in forced crypto liquidations cascaded across all 26 tracked coins, dragging the total market cap down 5.5%.

  • South Korea’s KOSPI dropped 8% and US inflation hit 3.7%, while Bitcoin ETFs shed $261 million in outflows, amplifying the selloff.

  • Bitcoin hovers just 1.2% above its $80,000 support zone, with the 50-week moving average at $76,618 as the next line of defense.

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Crypto traders who borrowed funds to boost their…

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