Cryptocurrencies are bleeding.. Bitcoin and Ethereum losses lead the crash! An hour ago News / Cryptocurrency News
Cryptocurrencies
Cryptocurrencies began their week with a noticeable decline, after the market lost more than 4.5% of its value in just 24 hours, equivalent to hundreds of billions of dollars. Bitcoin was at the forefront of this drop, falling by 3% to record around 112,600 dollars, which reflected on the performance of the cryptocurrency market in general and led to widespread selling pressure.
Analysts believe that part of this decline is due to profit-taking and weak buying momentum, but the most significant factor lies in the global bond market. Yields on two-year U.S. bonds have stabilized at low levels, which market experts consider a sensitive indicator that directly affects the movement of risky assets, including cryptocurrencies.
