The cryptocurrency market has not been good in the last 24 hours, with most coins trading in the red. 😰 Bitcoin fell below $61K, with most altcoins also experiencing significant losses.
BTC remained relatively flat throughout the week, maintaining its stance around $63K. But yesterday, the cryptocurrency took a big hit and suddenly fell towards $60K. 😱
A statement by a representative of the US Federal Reserve appears to have triggered this surge. Dallas Fed President Lorie Logan suggested it may be "too early" to consider rate cuts.
ETH is down 4.1%, SOL is down 6%, and DOT is down almost 6% – as are many other coins like BCH, AVAX, and UNI.
On the other hand, Cheelee (CHEEL) and Akash Network (AKT) managed to narrow the losses, rising around 3% over the same period. 📈
So what do you think? Will this decline continue or will the bulls take the stage again? We are waiting your comments! 👇👇👇