@basesupporterno1.base.eth
The crypto market is crashing mainly due to the Federal Reserve's hawkish comments reducing the chances of a December rate cut, leading to fear among investors. Over $20 billion worth of leveraged positions were liquidated, causing massive sell-offs. Institutional investors are also pulling out, adding to the pressure. This sell-off has wiped out over $1 trillion in market value since October, hitting multi-month lows for Bitcoin and Ethereum. The uncertainty, high leverage, and global economic concerns have created a perfect storm for this downturn. Investors are cautious, awaiting clearer signs for a market rebound. #CryptoCrash #Bitcoin #Altcoins #MarketUpdate
0 reply
0 recast
0 reaction