The crypto market faces a sharp pullback driven by stricter U.S. Federal Reserve policies, the Bank of Japan’s rate hike, geopolitical tensions, and recession fears. Bitcoin fell below $100K, sparking $860M in liquidations, while Ethereum struggles despite its DeFi dominance. Tether remains a stable refuge amid volatility. This correction highlights the impact of global macroeconomic factors on cryptocurrencies, emphasizing the need for strong fundamentals and prudent risk management in trading.
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