The Fall Continues in the Crypto Market!

​The cryptocurrency market has extended the correction of the past few weeks, with the total value having lost more than $1 trillion since its highs. Selling pressure persists due to global macroeconomic caution and uncertainty about future interest rate cuts by the U.S. Federal Reserve.

​Bitcoin (BTC):

After falling to its lowest levels in seven months, flirting with $88,000, Bitcoin has found a volatile support and is currently trading in the low $90,000 range. Analysts are closely watching the crucial $90,000 level.

​Ethereum and Altcoins:

Ethereum (ETH) and most major altcoins are following BTC's movement, with significant losses reflecting the overall risk-averse sentiment in the market.

​In summary, today is characterized by high volatility and the search for a firm base after a deep correction.

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