The crypto market is crashing due to a combination of U.S. dollar strength and uncertainty surrounding upcoming inflation data. The U.S. Dollar Index (DXY) broke above 102 for the first time after five consecutive weeks of gains, heading for its best week since early March 2025, as investors rotate into safe-haven assets. Over $800 million in liquidations occurred within 24 hours, with more than $600 million in long positions being wiped out. The Crypto Fear and Greed Index plunged to 57, down nearly 20%, while Bitcoin fell below the $82,000 level and the total crypto market cap is testing the critical $2.7 trillion support level.
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