The post Why Crypto Market Is Down Today? DJT, S&P 500 & NASDAQ Slide Trigger Panic in Crypto appeared first on Coinpedia Fintech News
The global cryptocurrency market witnessed a broad downturn today, with total market capitalization falling by 1.68% to $3.39 trillion. Daily trading volume also dipped 5.27% to $133.81 billion, signaling cautious investor sentiment. The Fear & Greed Index currently sits at 61, still in the “Greed” zone, though edging downward as uncertainty clouds the outlook.
The decline follows a sequence of macroeconomic and political events that have rattled both crypto and traditional markets. Talking about Wall Street, the S&P 500 is down 0.27% at 6,022.24, DJT fell 1.87% to 20.52, NASDAQ dropped 0.50% to 19,615.88, and the Dow Jones slipped marginally by 0.0026% to 42,865.77.
As price action turned against the bulls, liquidations began to mount. In the past 24 hours, 112,143 traders were liquidated, amounting to a total of $327.94 million wiped out across exchanges. The single-largest liquidation occurred on Binance’s BTCUSD perpetual pair, totaling $2.15 million.
The scale of the liquidations suggests that many traders were caught off guard by the rapid reversal in sentiment, especially those betting on a bullish continuation after the CPI dip. With leveraged positions wiped out across both long and short sides, volatility is expected to be present in the short term.
Bitcoin price is down 1.68% in the last 24 hours, now trading at $107,740.76. Its market cap stands at $2.14 trillion, with $53.99 billion in daily trading volume. Ethereum followed suit, dipping 1.11% to $2,760.10. Among the top altcoins, XRP dropped 1.87%, while Solana took a heavier bash with a 3.97% decline.
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