1. Broader Risk-Off Sentiment Global markets turned risk-averse today, with stocks and crypto falling as investors sold off risky assets — Bitcoin and major altcoins all dipped hard amid fear and uncertainty. �
2. Bitcoin Continued Its Slide Bitcoin’s price fell again, trading significantly lower than recent highs, dragging the rest of the market down with it. �
3. Industry Pain Hits Exchanges Major crypto exchange Gemini announced cutting ~25% of its workforce and exiting several regions — a sign of tightening conditions and bearish sentiment in the sector. �
4. Crypto ETFs in Trouble Bitcoin-linked ETFs suffered their worst declines in over a year, with heavy outflows as investors flee risk-on products. �
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Market Red Because…
1. Broader Risk-Off Sentiment
Global markets turned risk-averse today, with stocks and crypto falling as investors sold off risky assets — Bitcoin and major altcoins all dipped hard amid fear and uncertainty. �
2. Bitcoin Continued Its Slide
Bitcoin’s price fell again, trading significantly lower than recent highs, dragging the rest of the market down with it. �
3. Industry Pain Hits Exchanges
Major crypto exchange Gemini announced cutting ~25% of its workforce and exiting several regions — a sign of tightening conditions and bearish sentiment in the sector. �
4. Crypto ETFs in Trouble
Bitcoin-linked ETFs suffered their worst declines in over a year, with heavy outflows as investors flee risk-on products. �