Crypto Market Sees Sharp Correction: Why Did Bitcoin Drop by Over $1000?

The cryptocurrency market experienced a sudden downturn on Monday, with Bitcoin shedding over $1000 from its earlier highs. Despite a positive start driven by news of a 90-day tariff pause between the U.S. and China, the rally faltered as traders became cautious ahead of key economic indicators. 💰 This volatility was exacerbated by a significant liquidation event in the market that triggered over $500 million in losses across various cryptocurrencies.