#CryptoMarketDip
Why did the cryptocurrency market fall today?🧐
The cryptocurrency market fell after Bitcoin immediately distanced itself from the $100,000 level following strong U.S. economic data reports.
#BNBBhutanReserves
The cryptocurrency market took a hit today, with the total market capitalization dropping approximately 6.3% to around $3.35 trillion on January 8, as solid U.S. economic data pointed to potential interest rate hikes.
#AIMarketCapDip
Let's take a closer look at the factors driving the current decline in the cryptocurrency market.
#BinanceAlphaAlert
Bitcoin leads the market down
Today's cryptocurrency market drop is part of a correction that began during the early trading hours in New York on January 7, when Bitcoin lost the $100,000 level, as U.S. data came in stronger than expected.
#OnChainLendingSurge
The price of Bitcoin fell 6.35% to an intraday low of $5,279 on January 8. The decline of the leading cryptocurrency has caused panic among cryptocurrency investors, and prices have fallen across the board.
#USJobOpeningsSurge
Ethereum lost all the gains it had made in the last seven days, falling to a low of $3,300 on January 8, recording losses of 10% in the last 24 hours.
