Crypto Prices Today: The cryptocurrency market is once again showing signs of weakness. Increasing global uncertainty, geopolitical tensions, and evolving expectations regarding interest rates from the US Federal Reserve have impacted investors’ risk appetite. In such an environment, investors typically turn to safer investment options, putting pressure on risky assets like cryptocurrencies.
Why Global Factors are Increasing Pressure
Volatility in international markets has intensified in recent days. Uncertain signals regarding Fed rate cuts, ongoing geopolitical tensions in the Middle East and Europe, and fears of a global economic recession have weakened investor sentiment. This is why safe-haven assets like gold and silver are seeing price increases, while cryptocurrencies are experiencing sell-offs.
What are the Reasons Behind Bitcoin’s Decline?
According to CoinMarketCap data, Bitcoin’s price fell by 1.29 percent in the last 24 hours, bringing its price down to $87,350.62. Market experts believe that continuous outflows from Bitcoin ETFs and profit-taking by investors are the main reasons. However, an inflow of approximately $198 million in the past week also shows that market sentiment is constantly changing. Despite this, growing fear and uncertainty have kept pressure on Bitcoin.
Ethereum and Solana Also Under Pressure
Along with Bitcoin, other major cryptocurrencies have also not been spared from the decline. Ethereum’s price fell by 2.34 percent in the last 24 hours, reaching $2,949.53. Solana also showed weakness, falling by 2.9 percent to $122.65. Pi Coin’s price has dropped to $0.2049, raising concerns among small investors.
Midnight Coin Suffers the Biggest Losses
The biggest decline in the crypto market has been seen in Midnight Coin. Its price fell sharply by 22.46 percent in the last 24 hours, bringing its value down to $0.07605. In terms of monthly performance, this coin has delivered the biggest shock to investors, as it has fallen by more than 80 percent in a single month. This clearly shows that high-risk altcoins are currently under the most pressure.
Why are investors worried?
While gold and silver are continuously strengthening, the ongoing decline in the crypto market has increased investors’ concerns. Due to risk aversion, new buying in cryptocurrencies appears weak at the moment. Experts believe that the market will continue to monitor global indicators and the Fed’s policies in the coming days, which will determine the direction of cryptocurrencies.