Why is Crypto Down Today?
TLDR
- Crypto market cap dropped 2.54% to $3.96 trillion with Bitcoin at $118,883 and trading volume up 11.01%
- Profit-taking after monthly rally triggered $442 million in liquidations, with Ethereum hit hardest at $130 million
- Token unlocks worth $653 million pressured altcoins, including Dogecoin dropping 5.81% and Arbitrum falling 6.76%
- U.S. equity weakness and upcoming CPI report created macro uncertainty affecting crypto prices
- Market remains in “Greed” territory at 60 on Fear & Greed Index despite the pullback
The cryptocurrency market experienced a pullback today, with the total market capitalization declining 2.54% to $3.96 trillion. Trading volume increased 11.01% to $192.79 billion, indicating heightened…
