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Apple

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<p>The crypto market saw another sharp selloff today as nearly $86 billion disappeared from the total market value within hours. The global crypto market cap dropped from around $2.57 trillion to nearly <a href="https://coinmarketcap.com/?type=coins&amp;tableRankBy=rank" rel="noopener noreferrer nofollow">$2.49 trillion</a>, while Bitcoin briefly fell to $74,255, recording a 4% decline over the past 24 hours.</p>
<p>Major altcoins were hit even harder, including Ethereum, Solana, XRP, BNB, and Dogecoin, all of which dropped between 5% and 9% as traders rushed to reduce risk across the market.</p>
<h2 class="wp-block-heading" id="h-sec-delay-triggers-fresh-market-fear">SEC Delay Triggers Fresh Market Fear</h2>
<p>One of the biggest reasons behind today’s crash was a fresh regulatory setback tied to tokenized stock trading.</p>
<p>Reports suggested the U.S. Securities and Exchange Commission had delayed a proposed framework that could have allowed blockchain-based trading of tokenized U.S. stocks like Apple and Tesla.</p>
<p>The proposal would have allowed crypto firms and decentralized finance platforms to offer tokenized versions of public company shares while still treating them as securities under U.S. law.</p>
<p>The setback weakened investor confidence across crypto markets, especially after the odds of the <a href="https://coinmarketcap.com/prediction-markets/" rel="noopener noreferrer nofollow">Crypto Market</a> Structure Bill being signed into law dropped from 75% to 62%.</p>
<h2 class="wp-block-heading" id="h-rising-global-tensions-add-more-pressure">Rising Global Tensions Add More Pressure</h2>
<p>At the same time, geopolitical fears also pushed markets lower.</p>
<p>Reports that the Trump administration was preparing for possible military strikes against Iran increased concerns about another oil price spike.</p>
<p>Higher oil prices could worsen inflation and reduce the chances of future Federal Reserve rate cuts, something that usually hurts crypto and other risk assets.</p>
<p>Meanwhile, rising U.S. Treasury yields and record-high Japanese bond yields are also adding pressure to financial markets globally.</p>
<h2 class="wp-block-heading" id="h-nearly-1-billion-liquidated">Nearly $1 Billion Liquidated</h2>
<p>The sharp market drop triggered massive liquidations across leveraged crypto positions.</p>
<p>According to <a href="https://www.coinglass.com/liquidations" rel="noopener noreferrer nofollow">CoinGlass data</a>, more than 160,000 traders were liquidated during the past 24 hours, with total liquidations reaching roughly $941 million. The single largest liquidation reportedly happened on Bitget, involving a BTC position worth over $32 million.</p>
<h2 class="wp-block-heading" id="h-crypto-etfs-continue-bleeding">Crypto ETFs Continue Bleeding</h2>
<p>Institutional outflows also continue hurting market sentiment. U.S. spot Bitcoin ETFs have now recorded six straight days of outflows totaling nearly $1.44 billion.</p>
<p>On May 22 alone, Bitcoin ETFs saw another $105 million leave the market, led again by BlackRock with roughly $69 million in outflows.</p>
<p>Ethereum ETFs also remain under pressure, recording nearly <a href="https://m.sosovalue.com/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">$500 million</a> in cumulative outflows since May 11.</p>
<h3 class="wp-block-heading" id="h-what-next">What Next?</h3>
<p>For now, Crypto Trader Ash Crypto says that if tensions with Iran escalate further this weekend, Bitcoin could fall toward the $72,000 support zone before any meaningful recovery begins.</p>
<p>On the flip side, if no strikes occur, we could see a strong reversal next week.</p>

Why Is the Crypto Market Crashing Today? $86 Billion Wiped Out

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