Crypto Market Slumps Amid Macro Pressure and Insider Trading Investigations

The cryptocurrency market is facing a perfect storm of challenges that are driving prices down. Bitcoin, which is often seen as the anchor for the entire crypto market, has been leading the decline.

Ash Crypto reported that over $2 trillion has been wiped out from the crypto market in the last 140 days, with many altcoins seeing significant losses. For example, Ethereum has fallen by 62%, XRP is down 56%, and BNB is off 57%.

The macro pressure on the market is not just limited to traditional markets. The uncertainty surrounding Trump's tariff proposals and a recent Supreme Court ruling are also contributing to the negative sentiment. When investors become cautious in stocks, they often reduce their exposure to crypto first, which puts additional pressure on Bitcoin and other digital assets.