The cryptocurrency market has suffered more than $250 billion in losses in the last twenty-four hours. After Bitcoin reached a level of nearly $103,000 again, it fell back to below $96,000, pushing the rest of the cryptocurrencies into huge losses exceeding 10% for the ten largest currencies, and more than 30% for meme currencies.

Reasons for the decline:

📌The decline in US market indices gave a kind of negativity to the rest of the global markets, prompting investors to refrain from risk appetite

📌The strong rise in the US dollar index, which played a major role in the decline of the corresponding markets

📌The rise in bond yields suggests that the markets are reading a rise in the inflation rate, which left a state of chaos or potential instability regarding the policy of #ترامب