$BTC just dropped $2,400 in an hour, and altcoins are following suit 🚨 Here’s what’s driving the sell-off:
1️⃣ Broad market dump
Stocks are dropping today
Gold and silver are down
Only DXY (US Dollar Index) is up
Investors are exiting risk assets, including crypto, and moving into the dollar for safety.
2️⃣ Weak economic signals
US home sales fell -8.4% last month — the worst in nearly 4 years
Initial jobless claims came in higher than expected, signaling a softer labor market
These point to a slowing economy and increase the chances of a recession.
3️⃣ Government shutdown risk
Odds of another US government shutdown this week are 96%
Shutdowns reduce liquidity, which weighs on both stocks and crypto.
My take:
The US economy is facing turbulence, and it’s spilling over into crypto.
This trend could continue until we see significant stimulus, a trade deal, or liquidity injection.
Stay alert and manage risk — these conditions favor caution over impulse.
