Cryptocurrency Market Faces Downturn as Bitcoin Drops Below $100,000
Singapore – The cryptocurrency market is experiencing a significant downturn as Bitcoin prices drop below $100,000. The decline has triggered a ripple effect across the market, affecting altcoins and investor sentiment. As history has shown, when Bitcoin takes a downward turn, the broader crypto market often follows.
Many investors are shifting their funds from altcoins into stablecoins like USDT, attempting to minimize losses in the volatile market. This trend has further contributed to the downward spiral, particularly impacting smaller-cap altcoins.
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