In the last 24 hours, the cryptocurrency market has shown a decline related to several key factors:
1. Correction after growth: Bitcoin recently reached a record high ($103,804), after which profit-taking by investors began. This is a typical market reaction after a prolonged rise.
2. Institutional selling: Large investors, such as companies and funds, have withdrawn funds. For example, a significant outflow from Bitcoin ETFs has been noted, amounting to about $438 million in a day.
3. Macroeconomic uncertainty: Investors are awaiting the U.S. Federal Reserve's decision on interest rates and are also concerned about a recession in the U.S. Additionally, weak employment economic indicators have heightened anxieties in the financial markets.
4. Geopolitical tension: Conflicts in the Middle East and deteriorating international conditions create additional stress for high-risk assets, including cryptocurrencies.
While experts expect a possible recovery in the coming weeks, it is recommended to take into account the high volatility of the market and risks in the short term.