Reported 1 day ago
Crypto traders have suffered a loss of $1.62 billion as the market showed signs of bearish exhaustion. Bitcoin prices fell by 2.3% to below $113,000, while Ethereum dropped nearly 7% to just under $4,200. The total market capitalization of cryptocurrencies declined almost 4% to about $3.9 trillion. Analysts attribute this downturn to the unwinding of leverage following the Federal Reserve's interest rate decisions and a historical pattern of reduced trading volumes over weekends.
Source: YAHOO