CryptMarket Analysis — 28-09-03
The crypto market is reeling after a $300 billion wipeout—the harshest selloff in months—driven by risk-off sentiment ahead of the U.S. PCE inflation release and macro uncertainty. Major assets like Bitcoin, Ethereum, and Solana tumbled sharply, triggering over $1 billion in liquidations. The CoinDesk 20 Index fell 5% in just 24 hours, reflecting across-the-board weakness. Regulatory scrutiny is ramping up, with over 200 firms facing SEC and FINRA investigation for crypto-treasury deals, reinforcing the uncertain environment for institutional adoption. As macro headwinds persist—rising U.S. Treasury yields and downgraded rate-cut odds—sentiment remains fearful and short-term recovery looks unlikely until catalysts emerge.