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So I was looking back at what went down on April 13 and honestly the crypto crash that day was pretty brutal. The whole market just tanked hard - Bitcoin dropped to $67,380 from above $70k, Ethereum fell 7.3% to $3,259, and basically everything else followed. The fear and greed index dropped from 79 to 72, which tells you how fast sentiment shifted. Total market cap lost about 7% hitting $2.45 trillion, but trading volume went crazy with $140.25 billion in activity. Everyone was selling at once.
What's interesting is why crypto crashed so hard that day. Turns out it wasn't really anything on-chain - it was traditional markets pulling down the whole space. The US CPI came in hotter than expected, which killed any hopes of the Fed cutting rates soon. So stocks tanked, and crypto followed right along. You had altcoins like SOL, XRP, and DOGE getting hit even harder than Bitcoin, losing 12-13% each. Even the trending tokens like ENA and WIF got caught in the bloodbath with 10-20% losses.
The funny part is a lot of people were actually seeing it as a buying opportunity. Bitcoin halving was coming up around April 19-20, and some analysts were already calling for prices to bounce back above $80k. So you had this split between panic sellers and people trying to catch the bottom. That's basically why crypto crashed that day - macro uncertainty combined with profit-taking before the halving event. Market's been recovering since then though.