The crypto market corrected as a shake-up in the Trump administration’s Fed chair pick spooked traders, and growing US macroeconomic challenges led investors to risk-off. Key takeaways: Leverage surges in the crypto market, with $527M in liquidations in 24 hours, signaling growing caution among traders. Tighter liquidity and rising AI debt risks push traders to exit riskier assets, contributing to a market correction. Read more