【Cryptocurrency Market】

【GM☀—Monday—12.08】

#二级 The cryptocurrency market has plummeted, with a total market value below 3 trillion USD, dropping approximately 3-5% in 24 hours.

Bitcoin (BTC) is below 90,000 USD (down 7.24%), and Ethereum (ETH) has fallen 14.6%. Major coins have generally declined, with high trading volume but dominated by sell-offs.

Why the sudden drop: The 'sell the news' profit-taking driven by Fed interest rate cuts, combined with hawkish comments from the BOJ raising global interest rate concerns and liquidity shortages, triggered panic liquidation erasing 200 billion in market value.