Why is the crypto market down today?

Quick Summary:

Source: TradingViewA confirmed breakdown from this wedge could send the total crypto market cap tumbling toward $2.54 trillion, the projected downside target based on the wedge’s height.

Key points:Bitcoin, which makes up over 61% of the total crypto market cap, has witnessed $62.45 million in net liquidations in the last 24 hours, out of which $48.94 million were long positions.

Key takeaways:A rising wedge has formed on the crypto total market cap chart, a pattern that typically signals a bearish reversal, especially during downtrends.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Nancy Lubale

Category: Crypto

Markets: United StatesCanadaChinaMexico

Topics: Why is the crypto market down today BTC price Crypto Bitcoin ETF SEC Bitcoin BlackRock Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-27 @ 15:13:11 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 193 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27370904

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 22 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions