Bitcoin’s Sharp Drop Ahead of FOMC Minutes—Why Crypto Market Is Struggling Today
Bitcoin (BTC) saw a dramatic decline today, with its price falling close to $96,000, triggering a broader pullback in the cryptocurrency market. The sharp drop sent Bitcoin below its key support levels, and other major cryptocurrencies, including Ethereum (ETH), XRP, Solana (SOL), and Dogecoin (DOGE), followed suit with significant losses. Here’s a breakdown of the factors behind the recent sell-off and what the market could expect in the near future.
What Happened to the Crypto Market?
Bitcoin experienced a 5.46% drop today, dragging its price below crucial support levels. Ethereum recorded an 8.97% loss, trading at $3,348, while XRP and Solana faced losses of 4.25% and 9.12%, respectively. Dogecoin and…
