Crypto Market Drops, Investors Watch US Economy

Cryptocurrencies, particularly Bitcoin and Ether, experienced another significant drop, with Bitcoin falling below eighty-eight thousand dollars and Ether dipping below two thousand nine hundred dollars. This downturn follows a weeks-long selloff triggered by a nineteen billion dollar loss in leveraged investments. Traders are bracing for further drops, with Bitcoins eighty thousand dollar mark serving as a critical support level. The coming week will provide insights into the US economy, with potential interest rate changes impacting the crypto market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.