#SlowDown Market 🥴
Tough Situation Looks like Its a holiday ....
The cryptocurrency market is experiencing a notable downturn today, with major assets like Bitcoin and Ethereum trading lower. Bitcoin is currently priced at $95,455, reflecting a decrease of 0.36% from the previous close, while Ethereum stands at $2,678.35, down 4.17%.
This decline is influenced by several factors:
Market Sentiment: Recent slumps in the stock market have led investors to shy away from riskier assets, including cryptocurrencies.
Security Concerns: A significant $1.5 billion hack on Bybit's Ethereum wallet has undermined confidence, particularly affecting Ethereum's price.
Trading Volume: The total crypto market volume over the last 24 hours is $68.89 billion, marking a 49.76% decrease, which may contribute to the perception of a sluggish market.
It's important to note that these factors are not related to any specific holiday but are rather due to recent market events and prevailing investor sentiment.