In the last 24 hours, the cryptocurrency market has shown a widespread downward trend, with the major coins recording losses amid a general aversion to risk in the financial market. Bitcoin (BTC) and Ethereum (ETH) operated lower, and the total market capitalization decreased.
Caution in the markets, possibly related to decisions on interest rates (such as those from the Fed), led investors to reduce risk in their positions, which pressured the cryptocurrency market downward.
Bitcoin (BTC): The largest cryptocurrency by market capitalization dropped to the range of $86 thousand, recording a decline of about 1.5% to 2.5% in the last 24 hours. It reached its lowest price since early December.
Ethereum (ETH): The second largest crypto performed slightly worse than Bitcoin, falling more than 2.9% and trading near $2,961.
Other Altcoins: Coins like XRP and BNB also suffered notable declines, with XRP leading the losses among the major altcoins at one point.
