đȘđ„đ„Bitcoin (BTC) recently experienced significant volatility, dropping from around $63K to below $61K following remarks by US Federal Reserve's Dallas President, Lorie Logan, suggesting it might be premature to consider rate cuts. This caused a widespread downturn across the cryptocurrency market, with BTC now trading at $60,800, representing a 3.5% decrease in the last 24 hours. Other major cryptocurrencies like ETH, SOL, and DOT also saw notable declines.
đȘïžTheta Network (THETA) and THORChain (RUNE) were among the biggest losers, while Cheelee (CHEEL) and Akash Network (AKT) showed resilience wi modest gains. Analysts are closely monitoring the situation to gauge whether the market will stabilize or if further downward pressure is imminent
