The fall of overall trading volume to $63.63B indicates a slow crypto market, but the rest of the factors also indicate the same. The TV has declined 17% in just a day, and the overall crypto market cap has dropped to $2.3 Trillion. Along with that, the fear and greed index has also shifted away from the bulls.
The result of the market fall is the decline of Bitcoin and Ethereum prices, along with many other top cryptocurrencies. Bitcoin is currency trading at $62,309.95 after a 2% fall, and Ethereum price is trading at $ 2,999.41 after a 2.2% fall. The decline seems to continue for now, bringing the rest of the cryptocurrencies down as well.
Reasons Behind Today’s Crypto Market Decline
The crypto market has been moving sideways for weeks and only showed some short of a surge in the past few days. But that has also been disturbed by today’s fall initiated because of the new regulatory issues in the crypto market. Other than that, a decline in Bitcoin Futures ETF and exchang
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