Crypto Crash: Why Bitcoin & Ethereum Are Falling?

Crypto market cap is down by 2.53%, reaching $2.54 trillion with the volume rising close to $150 billion, hinting at excessive market participation. The markets are falling due to a combination of profit-taking and pre-FOMC meeting anxiety, causing a technical resistance rejection. Besides, deteriorating sentiment, ETF outflows, and increased selling volume are driving this downward movement, leading to over $281 million in long liquidations.
