The cryptocurrency market has experienced a period of instability in the past 24 hours. Bitcoin has seen a significant decrease in price, reaching as low as $80,000 before recovering some of the losses. Other altcoins have also followed this negative trend. The volatility is expected to continue due to upcoming events, such as the US CPI report, which could impact Bitcoin's price. Ethereum, Ripple, Solana, Dogecoin, Litecoin, and other cryptocurrencies have also suffered losses. Only a few cryptocurrencies, such as Ethena, Aave, and Story, have seen gains. The total cryptocurrency market capitalization has decreased by 5% to approximately $2.82 trillion.
How Much Further Can Bitcoin (BTC) Fall? Analyst Answers, Explains Events That Could Start the Rise!