The crypto market has faced renewed selling pressure recently, with Bitcoin’s price sliding below $73,000 and major altcoins also extending their losses. Selling pressure has also intensified in derivative markets, with more than $723 million liquidated in the past 24 hours. Meanwhile, continued withdrawals from spot Bitcoin ETFs have added to concerns over institutional demand. 

With the Bitcoin price struggling to reclaim $75,000, investors are now watching whether the latest correction will deepen or buying interest will emerge around key support levels.

What Caused the Latest Crypto Market Crash?

The latest crypto market downturn follows hotter-than-expected US inflation data, which has revived concerns over another FED…