That's why crypto is dropping right now. I looked at the feed and see red numbers everywhere — the total market capitalization has fallen by about 3%, and major coins are losing even more. BTC is currently trading around $66,000 with a decrease of 3.34%, Ethereum has dropped by 4.83%, and altcoins have crashed — Uniswap down 7.71%, BNB down 6.34%.

The reason is quite clear — the Fed is scaring us again. Powell indicated that further rate cuts in December are unlikely, which cooled the market sentiment. Plus, the finance minister stated that the tight policy is already slowing down the economy. The probability of another cut has fallen to 69%, the dollar has strengthened, and investors are rushing to exit.

Биткоин-ETF also sees significant outflows — over a billion dollars withdrawn in a week, especially from large funds. This added pressure to the market. Additionally, when BTC drops below a certain level, mass long liquidations begin — nearly $400 million in a day, with over 162,000 traders receiving margin calls.

Altcoins suffered the most — the top 50 tokens fell by 4% in 24 hours. XRP down 4.72%, Dogecoin down 3.4%. Traders are shifting to safer assets, with Bitcoin dominance rising to 60%. If the price drops even further, analysts warn of a potential new wave of liquidations worth $6 billion. That’s why crypto is falling so sharply — it’s a combination of macroeconomic factors, institutional outflows, and technical liquidations.