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Why is the cryptocurrency market taking a hit? 🧐💥
The recent decline in the crypto market isn’t just about internal factors — it’s the broader collapse of the Nasdaq that has sent shockwaves through the entire financial world. 🚨
When the Nasdaq fell, it not only dragged down tech stocks but also digital assets, creating a domino effect across all markets. Although the fundamentals for cryptocurrencies remain strong, fear and uncertainty have gripped investors, leading to a massive sell-off across both stocks and cryptocurrencies.