Crypto Market Dips Sharply as U.S. Economic Pressures Trigger Sell-Off

Quick Summary:

According to the Asian trading hours, the cryptocurrency market witnessed a sharp correction overnight as major cryptos like Bitcoin (BTC), Ethereum (ETH), and popular altcoins faced significant losses.

This pullback comes due to a broader sell-off in U.S.tech stocks, including Nvidia and Tesla, and rising macroeconomic pressures.

Over the past 24 hours, Bitcoin saw a 5.79% drop, falling to $96,120 and slipping below the physical $100,000 support level.

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Article Details

Author / Journalist: Sarala

Category: Crypto

Markets: United Arab Emirates

Topics: ETHEREUM Crypto Market Memecoin Market News Dogecoin Stock market Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 06:24:50 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 389 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 24972867

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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