The cryptocurrency market is currently facing a downturn, but this isn’t due to any inherent weaknesses within the crypto space itself. Instead, the primary cause stems from a significant decline in the U.S. stock market, particularly the Nasdaq. This drop has triggered a ripple effect, impacting both traditional stocks and cryptocurrencies as investor confidence falters.
Breaking Down the Situation
Recent market trends and data indicate that the stock market slump has acted as the primary catalyst for the struggles in the crypto market. When traditional markets experience