Bitcoin has dropped to $90,000, its lowest level since November 18, experiencing a 4.4% decrease from its December peak. Ether has also seen a 6.6% decline, causing the entire crypto market to suffer. The drop in prices is attributed to macroeconomic concerns and technical chart patterns indicating a bearish trend. Additionally, Bitcoin inflows on Binance have decreased significantly. The S&P 500 has also been impacted, losing $2.5 trillion in market cap over the past four weeks due to rising bond yields. This has led to a stalemate in the market, with investors reluctant to sell or buy, and a potential for further price declines for Bitcoin. The U.S. Dollar Index (DXY) has strengthened, breaking past 110, which could have negative implications for commodities, equities, and cryptocurrencies. However, gold has been performing well despite the strong dollar.



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