The post Why Crypto Is Crashing Today? appeared first on Coinpedia Fintech News
The crypto market today has suffered a major setback today, with the global market cap plummeting by 4.90% to $2.99 trillion. A sharp spike in trading volume, which surged 75.57% to $143.57 billion, reflects heightened panic selling across the market. The Fear & Greed Index has dropped to 29, indicating a shift toward fear as investors react to broader economic concerns.
Political Uncertainty Weighs Big on Crypto?
Market sentiment was rattled by former U.S. President Donald Trump’s statement that import tariffs on Canada and Mexico will move forward. The 30-day pause on tariffs is set to expire soon, adding to global economic uncertainties. Following this, the market also witnessed over $914 million worth of positions being liquidated in 24 hours. As a result, investors now fear potential ripple effects on financial markets, with crypto being among the hardest hit.
Bitcoin & Altcoins
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