Crypto Market Crash Explained: TL;DR

After the Fed’s surprise 25 bps cut (its first for 2025), Bitcoin couldn’t muster a breakout, stalling under that key $120 K resistance. Instead, macro whipsaws and massive long‐position liquidations—making 2025’s biggest wipeout—have kept traders on edge, while BTC’s usual gold correlation is doing its own thing.

Altcoins haven’t gotten off scot-free: the TOTAL2 index got rejected at previous all-time highs, and the Altcoin Season Index has slid from 100 to 65. Still, there are bright spots ahead: Chainlink’s tie-up with the Dept. of Commerce, XRP sniffing a 26% climb back to its ATH, and potential Q4 catalysts like altcoin ETFs and the CLARITY Act could spark the next leg up. Institutional bags are filling, but technical structure—especially on ETH—remains a talking point.

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