Crypto Market Plunges, Bearish Trend Emerges

Cryptocurrencies plummet, losing over one trillion dollars in value, with Bitcoin down 33% from its peak. Experts attribute this to a mix of factors, including riskier tech stocks struggles, global interest rate uncertainties, and large holders moving assets into cash. Bitcoins relative strength index and breaking key support levels triggered further selling, but some experts see potential opportunities for long-term investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.