Why Is Crypto Market Going DownToday? — TradingView News
The crypto market extended its selloff on Tuesday, with Bitcoin falling below $73,000 for the first time since November 2024, triggering sharp swings across major digital assets.
Bitcoin briefly dropped nearly 11USDT,900 in just 25 minutes, wiping out around $70 million in long positions. Minutes later, prices rebounded by more than 11USDT,200, liquidating another $15 million in short positions — a sign of extreme volatility rather than a clear trend.
No Single Headline Trigger
The moves came despite the absence of any major negative news.
In fact, the selloff continued even after President Donald Trump said he had an “excellent” phone call with Chinese President Xi Jinping, discussing trade, military issues, and an upcoming visit to…
