๐ Crypto Market Takes a Dive, But Bitcoin Stays Strong ๐ช
The crypto market is having a week that feels like a rollercoaster rideโexcept without the fun part. ๐ข Over two days, the market cap nosedived by $160 billion, erasing earlier gains faster than you can say "blockchain." Bitcoin led the charge downhill, dropping from its lofty perch near $88,000 to a less glamorous $83,000. Altcoins like Ethereum and Cardano followed suit, proving that misery loves company. ๐
Macroeconomic fears are adding fuel to the fire. U.S. inflation data is spiking, and trade war worries are pushing both traditional and crypto markets into the red zone. ๐
Bitcoin's dominance is now at 62%, its highest since February 2021. Investors are sticking to BTC like it's the last lifeboat on the Titanic, while altcoins struggle to stay afloat. ๐ข
In summary, while Bitcoin remains the go-to asset, the crypto market is feeling the heat from inflation and regulatory uncertainty. Until the macroeconomic picture improves, expect Bitcoin to keep calling the shots. ๐ฏ