Top Reasons Crypto Market Is Dropping Today

HIGHLIGHTS Crypto market drops on Friday to $2.82 trillion market cap with sentiment sliding massively to "Neutral." Fall comes amid macro jitters including Yen strengthening against US dollar and rising oil prices on Friday. Risk-off sentiment amid tech stocks selloff and AI spending concerns and spot Bitcoin ETFs outflow. Bitcoin price trades below the 50-day moving average ahead of monthly crypto options expiry. The crypto market is dropping today with market cap paring earlier gains and sliding to $2.82 trillion, down nearly 90 billion over 24 hours.