Global Cryptocurrency Market Capitalization Sees Significant Decline Following Federal Reserve Policy Shift

The cryptocurrency market has been experiencing a downturn in recent days, with the total market capitalization falling below $3.2 trillion for the first time since August 2024. This drastic drop is largely attributed to the tightening stance of the Federal Reserve (FED) and the impending sale of seized Silk Road Bitcoin (BTC).

The FED’s decision to slow down the pace of rate cuts has sent shockwaves through the cryptocurrency market, as investors become increasingly cautious and liquidate their positions.

Source: coinpedia.org