<ul data-eligibleForWebStory="true"><li>The global crypto market plunged over 5%, with Bitcoin and altcoins experiencing sharp losses.</li><li>Fed's latest inflation data dashed hopes for June interest rate cuts, leading to investor nervousness.</li><li>Bitcoin ETFs witnessed $202 million outflows, predominantly from Fidelity, impacting crypto prices.</li><li>Over 247,000 leveraged traders were liquidated, losing a total of $1.15 billion in the last 24 hours.</li><li>Bitcoin retreated to around $104,000, indicating a 3.6% decline in just one day from aiming at $109,000.</li><li>Altcoins like Ethereum, XRP, Solana, and Dogecoin followed Bitcoin's decline, falling by 6% to 15%.</li><li>Technical analysis suggests further struggle for Bitcoin as indicators hint at a potential retest of $102K or $100K.</li><li>Altcoins are also suffering, with Ethereum dropping over 9.29% and the Altseason Index declining to 16.</li></ul>

Why Are Bitcoin and Altcoins Down Today? Here’s Why!

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