Why is the crypto market falling?
- Crypto market faces a broad pullback on Tuesday as traders lock in profits following a strong rally last week.
- Nearly $500 million in leveraged positions were liquidated across crypto markets in the past 24 hours, 78% of which were long positions.
- Major cryptos such as ETH, SOL, XRP, and ADA, along with meme coins DOGE and SHIB, follow the market-wide decline.
Crypto market trades in red on Tuesday as traders lock in profits ahead of the US Consumer Price Index (CPI) release. The correction follows a strong rally last week, with Coinglass data showing that nearly $500 million in leveraged positions were liquidated in the past 24 hours, out of which 78% were long positions. Major cryptocurrencies like Ethereum (ETH),…
