<ul><li>The cryptocurrency market lost $186 billion in a single day, with the total market capitalization dropping from $3.29 trillion to $3.21 trillion.</li><li>Bitcoin is trading at $103,741, down nearly 2% in 24 hours, while altcoins experienced more significant losses collectively.</li><li>Factors contributing to the drop include increased tensions between the U.S. and China, a large options expiration, anticipation of low rate cuts, and profit-taking by large holders.</li><li>Altcoins like Solana, Ethereum, and XRP saw losses of around 6%, with meme coins like TRUMP and Pepe experiencing even larger declines of over 11%.</li></ul>

Why Is Crypto Down Today? Market Loses $186B In 24 Hours

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