Crypto Market Crash Explained: TL;DR

Bitcoin got a boost after the Fed’s first rate cut of 2025 but hit major resistance around $120K, despite the easing. Massive long-position liquidations marked the biggest wipeout of the year, and Bitcoin’s usual correlation with gold has broken down, leaving traders on edge even as institutional accumulation quietly ramps up.

Altcoins are flirting with their next breakout—TOTAL2 is bumping up against previous all-time highs and the Altcoin Season Index has slid from 100 to 65. Key catalysts ahead include potential altcoin ETFs and regulatory clarity, while top picks like Chainlink (thanks to a Commerce Dept. partnership), XRP (up 26% from its last peak), Avalanche (AVAX) and ENA are all on watch. Ethereum still has some weekly-structure hurdles, but the next leg of the crypto cycle could be right around the corner.

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