Why is crypto down from two days?
The cryptocurrency market is experiencing a downturn today, influenced by several factors. Recent geopolitical tensions, particularly the U.S.-China trade conflict, have contributed to market volatility, affecting both traditional and digital assets. Additionally, the recent hack of Bybit, resulting in a $1.5 billion loss, has raised concerns about exchange security, further impacting investor confidence. Finance Feeds
Despite these challenges, certain sectors within the crypto space are showing resilience. Stablecoins have seen growth, with their market capitalization surpassing $224 billion, indicating a shift towards assets perceived as less volatile. Moreover, Binance Coin (BNB) has demonstrated strength, trading at $567.06, up 0.029% from the previous close. These developments highlight the dynamic nature of the crypto market, where fluctuations present both challenges and opportunities.
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