Crypto market stabilizes after $1.7B flush as Bitcoin dominance surges to 57%
The crypto market is cooling off after a wild selloff wiped out over $1.7 billion in leveraged trades yesterday, according to data from CoinGlass.
Bitcoin (BTC) is still above $112,000, Ethereum (ETH) is hovering close to $4,100, and traders are now trying to figure out what the hell just happened. While crypto wrestled with panic, U.S. stocks kept rising after President Trump’s Fed cut interest rates by 0.25%, and gold prices hit new records.
Just a few days ago, everyone was riding the altcoin wave. Tokens like ASTER, HYPE, and PUMP exploded as speculators piled in, convinced altcoin season was finally back. But the bottom fell out fast. There was no obvious reason, but the damage was clear. The Altcoin Season Index crashed…
