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The post Why Is Crypto Crashing & Is This Sell-off Leading Up to a Big Rebound? appeared com. In this week’s crypto news, the big question is why is crypto crashing? Even as the tech-heavy Nasdaq recovered from Thursday’s pullback, traders in digital assets were in no rush to add risk. Bitcoin slipped 2. 1% to $84,535. 40 in the 24 hours leading up to 4 p. m. It’s now down 10. 3% for the week its weakest stretch since late February, when it dropped 11. 4%. In total, nearly half $1 trillion has been wiped from the crypto market in recent weeks. At the time of writing, the total crypto market cap sits at $2. 83 trillion down from $3. 25 trillion last Saturday. Macro strategist Raoul Pal said the latest crypto slide feels eerily similar to one of 2021’s nastiest drawdowns. Back then, the market unraveled fast when Bitcoin sank 56%, Ethereum lost 62%, and Solana tumbled 68% in just four weeks. Yet that same stretch ended with a violent snapback that sent all three to new highs. Pal sees echoes of that pattern in today’s move. Latest Crypto News: ETF Outflows and Heavy Liquidations Weigh on the Crypto Prices The wave of withdrawals from crypto ETFs has become one of the main drivers of the market’s latest slide. Retail investors are behind much of the panic, pulling more than $3 billion from crypto-focused funds in just a few weeks. Bitcoin dropped to $85,000 while Ether attempted to stabilize before slipping under the $3, 000 level and is trading around $2, 728. Most major altcoins-like XRP, Solana, and Cardano-are still struggling too. They haven’t reclaimed key support zones, and sentiment across the market remains pretty negative. The overall tech stock market also bled, intensifying fears of a growing bubble around the AI frenzy. Investors briefly cheered Nvidia’s strong earnings and upbeat outlook on Wednesday, but the optimism faded almost as quickly as it appeared.