Crypto Market Collapses: Understanding the Crash & What It Means for Investors

Despite positive economic indicators like Fed interest rate cuts, trade deal progress with China, and easing inflation concerns, a substantial crash swept through the cryptocurrency market on November 4th. Bitcoin fell to its lowest point in nearly five months at $99,000, Ethereum plummeted below $3,200, XRP declined significantly, and the market cap shrunk to just under $3.2 trillion. Experts attribute this dramatic downturn to a combination of factors including high leverage within the market, amplified by technical shifts and uncertainty.