Markets In Turmoil : Crypto Faces Financial Storm
10h05 ▪
6
min read ▪ by
The financial markets have been shaken by a wave of tension, causing a significant correction in bitcoin (BTC) and major altcoins. In just a few hours, the flagship crypto dropped below the critical threshold of $100,000, while Ethereum (ETH) collapsed below $3,400. This pullback is set against a backdrop of deteriorating global economic conditions. Several factors explain this storm in the crypto market. On one hand, the rise in U.S. bond yields. On the other hand, the monetary policy of the U.S. Federal Reserve (Fed) continues to weigh heavily on market confidence. At the…
