Why is Crypto Crashing?

The crypto market crashed 2.04% in 24 hours, bringing its total market value down to $2.45 trillion on November 11. Heavy Bitcoin liquidations are adding to the selling pressure, with $203 million in BTC positions wiped out, including $176 million in long positions. Investor confidence is also weakening, with the Crypto Fear and Greed Index at 26, indicating fear. Bitcoin ETF assets also declined to $98.99 billion from $99.39 billion. The market now faces a key test at $2.45 trillion. A recovery above $2.48 trillion could ease selling pressure, while a further breakdown may extend losses.

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