Top Reasons for #CryptomarketCrash and #BTC Below $50K
🔴Rising US Recession Fears: Weak jobs report increases recession fears, impacting #crypto and other assets.
🔴Disappointing Jobs Report: Only 114,000 jobs added in July; unemployment rate rose to 4.3%.
🔴Massive Liquidations: Over $800 million liquidated in 24 hours; Bitcoin and ETH saw sharp drops.
🔴Political Uncertainty: Trump losing ground to Kamala Harris in polls.
🔴Geopolitical Tensions: Ongoing Israel/#Gaza conflict.
🔴Worst Sell-Off Since FTX: Bitcoin's worst drop since FTX collapse;Investors are avoiding risky investments now.
🔴Bitcoin Long Liquidations Surge: $241 million in long positions liquidated, worsening market conditions.
🔴Stock Market Decline: Broader stock market fall contributes to the downward pressure on crypto.
🔴ETF Outflows: Significant outflows from #Bitcoin and #Ethereum ETFs worsen market decline.
🔴Rising US Recession Fears: Weak jobs report increases recession fears, impacting #crypto and other assets.
🔴Disappointing Jobs Report: Only 114,000 jobs added in July; unemployment rate rose to 4.3%.
🔴Massive Liquidations: Over $800 million liquidated in 24 hours; Bitcoin and ETH saw sharp drops.
🔴Political Uncertainty: Trump losing ground to Kamala Harris in polls.
🔴Geopolitical Tensions: Ongoing Israel/#Gaza conflict.
🔴Worst Sell-Off Since FTX: Bitcoin's worst drop since FTX collapse;Investors are avoiding risky investments now.
🔴Bitcoin Long Liquidations Surge: $241 million in long positions liquidated, worsening market conditions.
🔴Stock Market Decline: Broader stock market fall contributes to the downward pressure on crypto.
🔴ETF Outflows: Significant outflows from #Bitcoin and #Ethereum ETFs worsen market decline.