Why Is the Crypto Market Down Today? Bitcoin Rejection, Profit-Taking, and Altcoin Pain Explained
The crypto market is seeing a dip today. Total market cap has fallen to around $3.1 trillion after dropping nearly $100 billion in the last 24 hours. Bitcoin leads the way down, failing to break key resistance levels. Altcoins are hurting too, with some losing more than Bitcoin. But is this a big crash or just a short break? Let’s break it down step by step.
The Big Picture: Profit-Taking Hits Hard
After weeks of strong gains, the market is cooling off. Investors are selling to lock in profits. This is normal after big rallies. Bitcoin hit highs near $94,000 but got rejected three times. This sent the whole market lower.
Total market cap is now near $3.08 trillion to $3.17 trillion, depending on the exact time. It lost 1-3% in a day….
