$BTC $ETH

There were significant fluctuations in the Bitcoin market today. Bitcoin lost more than 6%, recording its biggest decline since the beginning of the month. This decline came along with weakness in the general cryptocurrency market, and Ethereum similarly fell more than 7%. These sharp declines in the market are particularly associated with economic uncertainties and concerns about central bank interest rates.

Other factors behind the decline include investors' increasing risk perceptions on cryptocurrencies and their shift to safer havens. In addition, statements from the US Federal Reserve (Fed) officials and global economic data may affect the course of Bitcoin and the general cryptocurrency market in the coming days.