The post Is This the End of the Bull Run? appeared on BitcoinEthereumNews.com.

After weeks of continuous rallies and significant gains, crypto investors have witnessed a crypto market crash, with the Bitcoin price dropping to $98.8K today. The token was in its prime just a few days ago, hitting an ATH at $103.9k with a rally triggered by Donald Trump’s win in the US elections on November 6. However, the rally halted in the last few days as the token struggled to overcome the consolidation, concerning investors on the bull run running short. With this, all the major altcoins are struggling on the charts, losing their significant gains. However, PEPE, X Empire, and a few others are bullish, where the PEPE price hit an ATH, and X Empire price surged 47% over the week despite the odds. Top Reasons Behind The Today’s Crypto Market Crash The crypto market has been bullish for days but seems to be heating with the days-long impressive performance. As the Bitcoin price struggled to achieve the $100k mark after hitting the ATH four days ago, the selling pressure began to build on the token, where the Bhutan government alone sold $40M Bitcoin. Additionally, the Coinglass liquidation reports show high turbulence in the market, with 204,384 traders liquidating $509.48M, which is a sign of volatility. Moreover, the December end fears of further drops. Around 39,960 Bitcoin options contracts will expire on December 27, which is unsettling. Interestingly, selling pressure is also high in altcoins, where the Ethereum price dropped 3% in the last 24 hours amid the Justin Sun dumping $119M ETH. This is the outcome of Ethereum achieving a significant milestone of hitting $4K earlier in the day. The same liquidation and increased selling pressure among the other altcoins have led to the crypto market crash. Amid this news, the Cardano Foundation X account got compromised, fueling the…

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Filed under: News - @ December 10, 2024 2:11 am