🔥 A Storm Hits the Crypto Market — What Just Happened? 🔥

The last 24 hours have been nothing short of a rollercoaster ride for the entire crypto market. It all started when Bitcoin (BTC) — the king of crypto — suddenly plunged nearly 9%, falling from above $122K to almost $110K in a single day! 😱
That one sharp move from BTC created a chain reaction that spread across the whole market — shaking even the strongest altcoins.
📉 Major coins like XAN (-34%), XPL (-33%), HIPPO (-58%), BONK (-24%), and BABYDOGE (-21%) got hit hard. Investors panicked, liquidity dried up, and massive sell-offs were triggered within hours.
Even stable performers like GT (-2.33%), ZORA (-3.13%), and SOON (-3.70%) couldn’t escape the pressure. The sentiment across exchanges turned bearish, as fear spread through traders watching the charts go red.
But — here’s the twist.
While the majority of tokens suffered, some still managed to shine ✨ amid the chaos:
🚀 KGEN (+35.37%) surprised everyone by rallying hard.
💎 H (+9.77%), MERL (+5.60%), and IN (+6.25%) showed strong buying support.
So what caused this market shake-up?
Experts say the recent BTC drop came from a mix of:

Global risk aversion and U.S. fiscal uncertainty 🏦

Fear of a possible government shutdown

Traders locking in profits after Bitcoin’s all-time high

It’s clear now — when Bitcoin sneezes, the whole market catches a cold.
This correction phase might look scary, but for seasoned traders, it’s also a moment of opportunity.
🔍 The question now is — will BTC find support around $102K–$105K, or is the market heading into a deeper bearish phase?
Whatever happens next, one thing is certain: Crypto never sleeps.
Stay alert, stay informed, and stay with Gate.io for real-time updates, deep analysis, and market insights.
‍#BTC #CryptoMarketCrash #AltcoinUpdate #BTCImpact