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  • Why is ethereum lowest price this year chartCrypto Down Today? What Drives The Current Sentiment?
  • Why Trading Bots?
  • Our Pick: Snorter

Why is the crypto market down, and why are investors squeezed today? Geopolitical tensions, economic uncertainty, and technical corrections are the trio driving the big dip.

The WW3 scare is likely the main factor, followed by flexing central banks, as the USD shows its strength. These are likely the culprits, but they’re also opportunities in disguise. Yes, this might be the time to take our position and wait.

Why is Crypto Down Today? What Drives The Current Sentiment?

Ongoing unrest, particularly in the Middle East, has kicked the crypto market at the fatal spot. The threat of conflict pushes a risk-off mood across markets, and crypto definitely feels it. With global nerves fraying, funds tend to shift away from speculative assets, karate kicking crypto prices south.

In addition, central banks are hinting at tighter policies, and their trade deadlines are getting closer. This combo is causing economic unease. When traditional markets wobble under these pressures, crypto, being on the bottom layer, feels the heaviest pressure.

Following the recent dip, Bitcoin, although flexing hard above the $100k level, is now hitting resistance at key levels. After a solid run, the market stabilizes with technical corrections. It is expected, but a bounce higher is also expected for its next chapter.

Bitcoin and the crypto market might be down today, but why back down when it could be time to double down?

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