Ethereum fell by about 2.2% and reached around $3,008 according to one report.
The market as a whole has lost more than $1 trillion in market value in recent weeks during a broad sell-off.
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🔍 Why this decline?
There is a strong sense of caution among investors due to lower expectations for interest rate cuts from the Federal Reserve in the United States, making high-risk assets less attractive.
Cryptocurrencies have begun to react more strongly to the sentiment of traditional financial markets and are no longer considered a safe haven apart from other assets.
The market as a whole has lost more than $1 trillion in market value in recent weeks during a broad sell-off.
---
🔍 Why this decline?
There is a strong sense of caution among investors due to lower expectations for interest rate cuts from the Federal Reserve in the United States, making high-risk assets less attractive.
Cryptocurrencies have begun to react more strongly to the sentiment of traditional financial markets and are no longer considered a safe haven apart from other assets.
