Ethereum

Long

Bitcoin

April

<p><i>The cryptocurrency market is experiencing significant volatility once again, with major digital assets like </i><a href="https://cryptoticker.io/en/token/BTC"><i>Bitcoin (BTC)</i></a><i> and </i><a href="https://cryptoticker.io/en/token/ETH"><i>Ethereum (ETH)</i></a><i> seeing notable declines in value. This article delves into the 4 main reasons driving the current downturn.</i></p>
<h2 id="strong-1-geopolitical-tensions-in-the-middle-east-strong"><strong>1. Geopolitical Tensions in the Middle East</strong>&nbsp;</h2>
<p>The recent crypto market decline coincides with escalating geopolitical tensions in the Middle East, particularly with military strikes in Southern Lebanon. This atmosphere of uncertainty has driven investors toward safer assets, impacting the broader crypto market sentiment.</p>
<h2 id="strong-2-liquidation-of-long-positions-strong"><strong>2. Liquidation of Long Positions</strong>&nbsp;</h2>
<p>Sharp declines in Bitcoin and Ethereum triggered widespread liquidation of long positions across the market. In just 12 hours, long positions worth $87.61 million were liquidated, intensifying downward pressure on prices. The total liquidations amounted to $102.22 million, with significant impacts on trader sentiment.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/BTCUSD_2024_04_25_16_54_19_e9d8ed807f.png" alt="BTCUSD_2024-04-25_16-54-19.png"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/ETHUSD_2024_04_25_16_55_08_41aa300d5f.png" alt="ETHUSD_2024-04-25_16-55-08.png"></p>
<h2 id="strong-3-arrest-of-samourai-wallet-founders-strong"><strong>3. Arrest of Samourai Wallet Founders</strong>&nbsp;</h2>
<p><a href="https://cryptoticker.io/en/samourai-wallet-founders-arrested-money-laundering">The arrest of Samourai Wallet co-founders</a> on money laundering charges by the U.S. Justice Department has reverberated through the crypto community. Allegations of facilitating illegal transactions totaling over $2 billion have sparked uncertainty among investors, influencing market sentiment.<br><br><a href="https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/DOJ_Website_Screenshot_65beeea852.jpeg" alt="DOJ Website Screenshot.jpeg"></a></p>
<h2 id="strong-4-post-halving-volatility-strong"><strong>4. Post-Halving Volatility</strong>&nbsp;</h2>
<p>Historically, post-halving periods witness increased volatility due to uncertainty about Bitcoin's future supply and <a href="https://cryptoticker.io/en/bitcoin-halving-is-the-impact-already-priced-in">price impact</a>. The recent <a href="https://cryptoticker.io/en/what-happened-to-cryptos-after-bitcoin-halving-today">Bitcoin halving</a> on April 20 set the stage for market instability. Traders' anticipation of short-term fluctuations combined with external factors has intensified market volatility, contributing to the current downturn.<br>&nbsp;</p>

Why Did Crypto Market Crash Today?

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