Why is The Crypto Market Down Today? $115 Billion Wipeout, What’s Up?
TLDR
- Bitcoin fell below $84,000 after a $115 billion market-wide sell-off erased weekly gains
- Ethereum dropped to its weakest price against Bitcoin since May 2020, with ETF inflows stalled
- The crypto crash coincided with poor U.S. economic data and inflation concerns
- Fears about upcoming “Liberation Day” tariffs on April 2 compounded market anxiety
- Technical indicators suggest more downside potential, though support may emerge at $70-75K for Bitcoin
The cryptocurrency market suffered a major setback on Friday, March 28, 2025, as Bitcoin plunged below $84,000. The sudden downturn erased all gains made earlier in the week.
Bitcoin, which was trading near $88,000 just a day before, tumbled to $83,800. This represents a…
