There was a sudden, sharp sell-off in major cryptocurrencies like Bitcoin, Ethereum, and Solana just after 8 am CET, dropping 2–7% in only a few minutes, but no clear catalyst or news has emerged to explain the move. This flash crash seems driven more by technical market factors or aggressive futures positioning than any fundamental shock, with Ethereum testing a key support zone near 4000 USD.
🚩 Bitcoin slips testing important support zone amid cyclical crypto market weakness
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Bitcoin faces a key test as ETFs sell. A summer crypto bear market ahead?