Why is the crypto market down today? Bitcoin and the broader crypto market are under pressure due to a combination of macro and market structure factors ➡️ Month-end positioning Traders are reducing risk and locking in profits before the monthly close, increasing selling pressure ➡️ Options expiry A large batch of BTC and ETH options expired today, often leading to sharp volatility and price swings ➡️ Fed uncertainty Markets are pricing in a higher probability of a 25 bps rate hike in September, reducing appetite for risk assets like crypto ➡️ Regulatory concerns Progress on the Clarity Act remains stalled, keeping regulatory uncertainty elevated in the US Current move: • BTC: -3.4% • ETH: -3.4% • XRP: -2.3% • SOL: -2.1% Short-term volatility is expected, but all eyes are now on the Fed and upcoming macro data #Bitcoin #Crypto #Ethereum #Fed #Macro