Bitcoin Slumps 5% as Crypto Market Drops 20% Amid Fed’s Hawkish Stance and Economic Data

Bitcoin experiences a sharp 5% decline as the cryptocurrency market plunges by 20%, a move driven by recent macroeconomic data and an increasingly cautious stance from the Federal Reserve. Amid falls in the Treasury yields, the strength of the U.S. dollar continues to exert pressure on the crypto market. Despite adverse conditions for cryptocurrencies, gold

Source: CoinOtag