Why Is The Crypto Market Down Today: Why Bitcoin Price Is Falling

The crypto market fell 4.6% in 24 hours, with BTC, SOL, ETH, and XRP dropping sharply. Total market cap now stands at $3.68 trillion.

BTC fell below $100K as the Fed cut rates by 25 basis points. Projections show fewer rate cuts in 2025, creating market uncertainty.

Jerome Powell dismissed the idea of a "Strategic Bitcoin Reserve," reinforcing the Fed’s stance against large-scale Bitcoin adoption.

Over 276,000 traders were liquidated, totaling $803M. BTC Futures Open Interest hit $66.89B as speculative activity intensified.

While prices tumbled, the Index remained high at 75, reflecting greed. Optimism persists, raising risks amid volatile market conditions.

Liquidations surged below $100K, driving volatility. Leveraged positions created heavy pressure, fueling price fluctuations in 24 hours.

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