Global Stock News

Why the Crypto Market is Down Today: Bitcoin Slump, Gemini Layoffs, and Hidden Triggers

Why the Crypto Market is Down Today: Bitcoin Slump, Gemini Layoffs, and Hidden Triggers

The crypto world feels heavy today. The total market cap has dropped by $25 billion in just 24 hours. It now sits at $2.28 trillion, right below the key $2.30 trillion mark. Bitcoin leads the fall, while altcoins like Optimism (OP) suffer even more. Investors wonder: why is the down today? Let’s break it down step by step with simple facts and clear analysis.

Quick Market Snapshot

Volatility is low, but bearish mood rules. The market shows no strong direction, even after the latest Federal Reserve meeting notes from January 27-28. Traders stay cautious. If the downtrend continues, we could see a test of $2.28 trillion support. But good news in stocks or big money inflows could flip things.

  • Total Market Cap: $2.28T (down $25B)
  • Bitcoin…

Source link

Share this article

Scroll to Top