Analytics

Why Is Crypto Market Down Today, More Selloffs Ahead?

The crypto market has lost $140 billion in just a day and continues to pare gains, with the global market cap down from $2.43 trillion to $2.30 trillion. The two major currencies Bitcoin and Ethereum saw massive selloffs as investors considered the spot Ethereum ETF launch a “sell the news” event. ETH price tumbled more than 9% over the last day, triggering a broader market correction.

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