Just caught up on why crypto market down these past weeks. Looks like geopolitical tensions around the Strait of Hormuz really spooked traders back in April. The whole risk-off thing triggered massive liquidations - saw reports of like 89M in Bitcoin longs getting wiped in a single day. That's brutal. The Fear and Greed Index tanked to 43, which tells you everything about the sentiment shift.



Price action was rough. Bitcoin dipped below 72k at the time, Ethereum fell to around 2.1k, XRP hit 1.33. But here's the thing - why crypto market down doesn't really explain where we're at now. Fast forward to today and BTC's sitting around 80.2k, up 2.5% on the week. ETH recovered to 2.31k, XRP bounced to 1.42. The market's clearly moved past that panic. Still watching those support levels though - if we break below key zones, could get ugly again. Regulatory clarity from the CLARITY Act might help stabilize things going forward.
BTC0.39%
ETH0.53%
XRP-0.56%
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