Why Is Crypto Crashing Today? Bitcoin Fell Below $112K And $1.7 Billion in Liquidations – Best Crypto To Buy During This Dip?

Crypto markets are under heavy pressure today, raising the big question: why is crypto crashing today? Bitcoin dropped below $112K, now trading at $112,660, dragging the total market cap to $3.9 trillion. According to Coinglass, over 402,000 traders were liquidated in the last 24 hours, wiping out $1.7 billion in positions. Longs bore the brunt, accounting for $1.62 billion in losses, while shorts only lost about $85.8 million. Ethereum saw $483 million liquidated, while Bitcoin traders lost $276 million. ...