Crypto Market Down Today: Key Factors:💥💥🔥🔥💥💥
The crypto market is showing a downward trend, with losses totaling almost 3% to $2.35 trillion, due to global macroeconomic uncertainties and political conflicts.
FOMC Minutes: The latest FOMC report has revealed the uncertainty over rate cuts in the near future which has hurt the risk, on sentiment.US, Iran War Tensions: The risk of a war between US and IRAN has made the investors move from riskier assets to safer ones.Crypto ETFs Outflows: $3.6 billion have been withdrawn from Bitcoin ETFs in net terms over the last 5 weeks.Market Impact
Bitcoin dropped 3.5% to $65, 900 level and partially recovered after topping $66, 700.Ethereum was down 1.6% after it slipped below $2, 000 support level.The worst performers are Provenance Blockchain (, 10.96%), Zcash (, 9.33%), and Memecore (, 10.66%).
NOTE: "Support this trade if you find it helpful! Your click will not only benefit you but also me. Thanks for your support!"
#crypto #CryptoMarket #btc #bitcoin #market
