Why Crypto Market Is Down Today June 20

The Crypto Market is once again in the headlines, the reason is the fall in the market. In such a situation, every crypto trader and investor has only one question in their mind, Why Crypto Market is Down Today? So let us tell you that in the last 24 hours, the market has declined by about 1.70%, bringing the total market cap of the Crypto Market to $3.26 trillion. Big crypto tokens like Bitcoin and Ethereum have also come under the grip of this decline. But is this just a normal decline or is there a big reason behind it? Let's know Why Cryptocurrency Market is Down Today.

Falling expectations due to the fall of Bitcoin and Altcoins

Bitcoin Price stood at $104,934 at the time of writing the news, which shows a decline of 1.5% in the last 24 hours. Talking about Ethereum, it has also fallen to $2,531.67, i.e. a loss of about 1.7%.

Not only this, Solana was trading down 2% to $147.37, XRP down nearly 3% to $2.16, BNB down 1% to $650.38, Cardano down 2% to $0.6116, and Hyperliquid down 0.5% to $40.40. In this way all the major Altcoins appeared below the red mark.

This clearly indicates that the roots of the decline in the Crypto Market are somewhere deep.

Trump's threat shook the foundation of crypto

Why is the crypto market going down today? The most recent and biggest reason for this is the statement of US President Donald Trump. He made an inflammatory statement about the Supreme Leader of Iran on his social media platform Truth Social, where he said

"We know exactly where the so-called 'Supreme Leader' is hiding… We are not going to take him out (kill!), at least not for now."

This statement not only increased geopolitical tensions, but also dealt a huge blow to the global market and especially the crypto market. Trump shared this statement on X. Where it has once again become clear from this statement that Trump's statement affects the crypto market.