Financial markets have been rocked by a wave of tension, which has caused a sharp correction in Bitcoin (BTC) and major altcoins. In a matter of hours, the flagship crypto has fallen below the critical $100,000 threshold, while Ethereum (ETH) has collapsed below $3,400. This decline is part of a context of deteriorating global economic conditions. Several factors explain this storm on the crypto market. On the one hand, the rise in US bond yields. On the other hand, the monetary policy of the US Federal Reserve (Fed) continues to weigh heavily on market confidence. At the same time, the global economic environment remains marked by additional stress factors. Faced with these disruptions, the crypto market is going through a period of high volatility, where investor caution is mixed with panic movements. This correction now raises the question of a possible short-term rebound or an extension of the downward trend under the effect of an uncertain macroeconomic environment.
The article General panic on the crypto market: BTC, ETH, DOGE… Here’s why everything is collapsing! appeared first on Cointribune.
