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Just checked the markets and it's pretty red across the board today. Bitcoin's hovering around 67K with a slight dip, while Ethereum is barely holding above 2K. Honestly, wondering why crypto is dropping like this right now.
The SocialFi tokens got hit the hardest, with TON and Chiliz both taking some losses. Even the Layer 2 stuff isn't immune - Starknet's down too. What's interesting though is the DeFi sector showing some resilience, though most alts are still bleeding. CeFi coins like Cronos are down a bit, and the PayFi sector's feeling the pressure with Dash taking a bigger hit.
So why is crypto dropping today? Could be profit-taking, market correction, or just general weakness across the board. Either way, it's one of those days where almost everything's in the red. Only a few outliers like BUILDon managing to stay afloat. Curious to see if this reverses soon or if we're looking at a longer consolidation period.