# Did the crypto world fall again? This time the US stock market is to blame.

The crypto market fell by 7.9% within 24 hours, with the market cap of major altcoins dropping from 1.49T to 1.38T. What’s the reason? A double blow from the sharp drop in US stocks (S&P 500 fell by 1.38%) + the appreciation of the dollar.

You can understand it by looking at these data:
- Tesla fell from $406 to $393
- NVIDIA fell from $153 to $140
- The US dollar has appreciated against the euro, yen, and Indian rupee.

BTC has fallen 5% in the past 24 hours, briefly dropping below the 100,000 dollar mark. Sounds scary? But experts believe this is just a short-term correction—the market fundamentals are still strong.

Interestingly, the options market data shows that although short-term volatility has slightly increased, it remains overall quite stable. Some trading bigwigs are even recommending $100,000 BTC call options as a low-risk buying point.

**Conclusion**: This recent fall is more of a technical correction caused by macroeconomic risks, and the long-term upward trend of Bitcoin remains unchanged. Should you consider bottom-fishing? The experts suggest that if you are a long-term investor, this could be a good opportunity.