Why is the cripto market down today?

Cripto Markets reduced 0.48%, which reflects the decline on the stock exchange and technical pressures at Bitcoin.

The crypto market faced a small sales pressure and macroeconomic factors and the Bitcoin of technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technical technically. On Tuesday, 6. May, the total crypto market hat refused 0.54%, drop below three trillion dollars to $ 2.94 trillion.

The main driver of the fall was mirroring the same factors that weighed capital. Dow Jones lost more than 400 points, or 1.00%, while the other main indices are poorly so badly broken. Usually, Bitcoin (BTC) And the broader crypto market is correlated with inventories, which probably means that similar factors affect both.

In this case, macroeconomic uncertainty and renewed fears of fears over the tariffs of Donald Trump contributed to bearing feelings. Canding, only the day before, Trump announced new tariffs in pharmaceutical people, after they have already targeted movies. These new tariff announcements cause concern among merchants, because they suggest that Trump does not give up on his aggressive trade attitude.

Despite the overall crash, Bitcoin was more resistant than most Altcoin, which will manage to increase its Dominance to 64.1%The highest level of January 2021. However, while Bitcoin today recovered some earlier losses of $ 93,400, its price remains just below what was a 0.01% registration of 0.01% in the amount of 0.01%.

Bitcoin faces technical pressures

One of the reasons the vaguits of bitcoin performance comes down to technical factors, which is unlikely to change very quickly. Specifically, Bitcoin faces long-term Dynamic resistance It began to form after its all time in January.

Since then, Bitcoin has consistently remained below the resistance point, with the last interrupt attempt 23. April. This means that the additional drop in probably, especially how its price forwarded the control point. This is, unless the large catalyst does not allow this long-term resistance to break.