The cryptocurrency market is poised to conclude its prolonged stagnant phase, likely hitting a more considerable low. Altcoins have failed to capitalize on either upward or downward movements, with the consolidation process contributing further to losses in altcoins. Currently, Bitcoin $95,121 has dipped to around $94,600, raising concerns about the possibility of even deeper declines.
What Is Causing the Drop in Cryptocurrencies?
At 05:00 Turkish time, former U.S. President Trump and Elon Musk will hold an interview. In this discussion, we might hear Musk’s previous mocking views on cryptocurrencies. Additionally, about 24 hours later, the FOMC Minutes will be released, likely revealing unfavorable insights. Considering the recent Fed meeting and Powell’s statements to Congress, it’s probab…
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