Bitcoin drops below $2 trillion market cap
Key Takeaways
- Bitcoin's price dipped below $100K, pulling its market cap under $2 trillion as investor caution rises.
- Broader crypto weakness reflects growing macro pressure and shifting Fed expectations.
Bitcoin fell below the $100,000 mark today, nearing $99,000 and pulling its total market value under $2 trillion for the first time in weeks.
The sharp move reflects growing unease across crypto markets as traders respond to global macro uncertainty and fading optimism around US interest rate cuts.
Major altcoins including Ethereum, Solana, BNB, and XRP also registered steep losses, compounding the market-wide downturn. The pullback has left Bitcoin and other assets struggling below key resistance levels, with investor sentiment turning more cautious.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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