The crypto market has once again experienced a big dive, with Bitcoin falling to around $54,000, and more altcoins have even fallen below the lows of the 2022 bear market.
Bitcoin continues to fall, and altcoins have suffered panic selling. According to Coingecko data, the global cryptocurrency market value has now fallen below $2.1 trillion, with a change of -7.81% in the past 24 hours.
The direct cause of this decline may be that Bitcoin is facing a lot of selling pressure, and the fundamental reason is the uncertainty of interest rate cuts at the macroeconomic level. When will the market turn around?
