Latest Situation of the Crypto Market
The cryptocurrency market has recently experienced significant volatility, driven by a combination of macroeconomic factors, regulatory developments, and shifting investor sentiment.
Market Performance and Key Events:
* Recent Downturn: The global crypto market saw a significant decline on Friday, with total market capitalization dropping by over 3%. The major cause is new concerns over U.S. trade policies and a wave of profit-taking that triggered widespread liquidation of leveraged long positions. For instance, Bitcoin fell below the $116,000 mark.