The cryptocurrency market is experiencing a downturn as all top 10 coins show losses and overall market capitalization falls by 2.4%. Bitcoin and Ethereum dropped around 3%, influenced by mixed signals from Federal Reserve Chair Jerome Powell regarding potential rate cuts and inflation concerns. A significant sell-off by a Bitcoin whale, offloading 24,000 BTC, intensified market pressure. Despite the decline, Ethereum shows signs of recovery potential, while investor sentiment remains cautious amid macroeconomic uncertainties.
Continue to read Crypto Market Faces Decline Amid Federal Reserve Uncertainty and Large Bitcoin Whale Sell-Off
The cryptocurrency market is experiencing a downturn as all top 10 coins show losses and overall market capitalization falls by 2.4%. Bitcoin and Ethereum dropped around 3%, influenced by mixed signals from Federal Reserve Chair Jerome Powell regarding potential rate cuts and inflation concerns. A significant sell-off by a Bitcoin whale, offloading 24,000 BTC, intensified market pressure. Despite the decline, Ethereum shows signs of recovery potential, while investor sentiment remains cautious amid macroeconomic uncertainties.
Continue to read Crypto Market Faces Decline Amid Federal Reserve Uncertainty and Large Bitcoin Whale Sell-Off
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