What caused yesterday’s crypto crash?
Yesterday, Tuesday, January 7, 2025, a small crypto crash occurred.
Despite being unexpected for many, there were already some signals that suggested a bull outcome.
To identify the causes, however, one must start the analysis from afar.
The Turning Point of November
To analyze the general trend of the crypto market, it is useful to use on one hand the price trend of Bitcoin, and on the other hand the altcoin season index of CoinMarketCap.
Until October 2024, the price of Bitcoin had never risen above $75,000 in its entire history.
With Trump’s victory in the USA presidential elections, there was a turning point: not only did it surpass $75,000, but it also went on to surpass $90,000 with momentum.
In the meantime,…
