*Why Crypto Market is Crashing?*
The crypto market has shifted to a bearish trend as growing uncertainty and investor fear take hold. Key factors contributing to the downturn include the U.S. presidential election turmoil, an assassination attempt on Donald Trump, and the upcoming Federal Open Market Committee (FOMC) meeting.
Consequently, Bitcoin has fallen from its $60K mark, Ethereum has dropped below $2,400, and XRP has lost its $0.60 level. The market’s cautious sentiment reflects widespread anxiety over these developments.
The satoshi streets bathed in Red with major altcoins like Solana (SOL), XRP, and Dogecoin (DOGE), contributing to a decrease in the market cap from $2.1 trillion to $2.03 trillion.
*Ethereum’s Struggles* 🔰
Ethereum’s price tumbled below $2,300 due to the activity of a major whale selling off ETH holdings after eight years of dormancy, alongside bearish moves from other large holders.
*Altcoin Reactions🔰*
Bitcoin and Ethereum’s declines have ripple effects on altcoins: XRP is at $0.572 with a 23.16% drop in 24-hour trading volume; Solana (SOL) is priced at $131.01, down 3.82% with $1.73 billion in trading volume; Dogecoin (DOGE) is at $0.1017, falling 2.84% with $517.94 million in volume; Cardano (ADA) is $0.0008529, down 2.21% with $34,841 in volume.
