Crypto Market Crash Explained: TL;DR

After the Fed’s surprise 25 bps rate cut and dot plot hinting at more easing, Bitcoin’s price hit a stubborn ceiling around $120 K despite bullish macro vibes. Massive long‐side liquidations—some of the biggest of 2025—rattled markets, while the usual gold-BTC correlation broke down, leaving traders on edge about whether the next big move is up or more choppy whipsaws.

Altcoins aren’t off the hook either. TOTAL2 ran into resistance at prior all-time highs, and the Altcoin Season Index dipped from 100 to 65. Still, there’s hope: Chainlink could get a boost from a new Department of Commerce tie-up, XRP looks roughly 26 % shy of its last peak, Avalanche and the breakout-eye ENA token are in play, and institutional accumulation plus upcoming ETFs and regulatory clarity might light the fuse for a late-year rally.

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