Why Is the Crypto Market Crashing as Bitcoin Price Nears $55K

Traders are dumping risky assets and crypto is getting dragged down with it. The whole market shed 2% in a day, landing at $2.11 trillion. And it’s not just crypto, stocks and other traditional markets are bleeding too. Bitcoin lost 3%. Ethereum gave up 5%. Solana and XRP each dropped about 4%. In one hour