Today’s crypto market is facing a sharp downturn, with Bitcoin and major altcoins posting significant losses. Investor sentiment is cautious amid macroeconomic pressures and upcoming options expiries.

Here’s a quick summary of the key developments in the crypto world today:

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📉 Market Crash & Liquidations

• Total crypto market cap dropped over 2%, now at $3.85 trillion A.
• Bitcoin fell below $109,000, triggering over $1.2 billion in liquidations, mostly from long positions A.
• Only 10 out of the top 100 coins stayed in the green today.

🧨 Bearish Catalysts

• Trump’s new tariffs on pharmaceuticals and home goods reignited fears of a global trade war, pushing investors away from risk assets A.
• Federal Reserve officials signaled caution on interest rate cuts, adding pressure to crypto markets A.

📊 Options Expiry Impact

• Around $22.3 billion in crypto options are set to expire today, including $17.06 billion in Bitcoin.
• If BTC stays below $110,000, bearish positions could gain a $1 billion advantage, adding more downside pressure A.

😨 Sentiment & Seasonality

• The Crypto Fear and Greed Index dropped to 29 (Fear) from a high of 73 earlier this month A.
• Historically, September is a bearish month for Bitcoin, with average returns around -3% A