The post Why Crypto Market is Crashing? appeared first on Coinpedia Fintech News
The crypto market has shifted to a bearish trend as growing uncertainty and investor fear take hold. Key factors contributing to the downturn include the U.S. presidential election turmoil, an assassination attempt on Donald Trump, and the upcoming Federal Open Market Committee (FOMC) meeting.
Consequently, Bitcoin has fallen from its $60K mark, Ethereum has dropped below $2,400, and XRP has lost its $0.60 level. The market’s cautious sentiment reflects widespread anxiety over these developments.
The satoshi streets bathed in Red with major altcoins like Solana (SOL), XRP, and Dogecoin (DOGE), contributing to a decrease in the market cap from $2.1 trillion to $2.03 trillion.
Bitcoin’s Volatility
Following the news, Bitcoin’s price took a tumble as traders hit the brakes before this week’s Federal Reserve meeting, where a rate cut is on the horizon for the first time since 2020. With t
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