Crypto Bearish Market Update
The crypto market is facing a bearish phase, with Bitcoin dropping below key support levels and altcoins following suit. Rising macroeconomic uncertainty, regulatory pressures, and reduced trading volumes are adding to the sell-off momentum.
Key Points:
Bitcoin struggles to maintain the $100K mark, hinting at potential further declines.
Altcoins are experiencing sharper losses, with many down by 10-20% in the past week.
Analysts suggest cautious trading, as the market could remain volatile through the year-end.
While this bearish trend challenges short-term gains, it can also present long-term buying opportunities for patient investors.