India, June 19 -- The crypto market is under heavy pressure today, wiping out billions in value as Bitcoin, Ethereum and XRP slide together in a broad risk-off move. The total crypto market cap has dropped roughly 4.48% to around $2.15 trillion in 24 hours, reflecting a fast shift in sentiment from confidence to caution while investors are reacting to rising macroeconomic uncertainty, liquidations across derivatives markets and weakening risk appetite.

Why is Crypto Going Down Today

Bitcoin Leads the Downturn

Bitcoin took the first hit, slipping below the $63,000 level after a sharp $2,000 drop within just a few hours while liquidations added fuel to the move, with more than $200 million in long positions erased in a short window. Bitc...