Crypto Market Deep Dive: Altcoin Struggles Fuel Ongoing Downturn

The cryptocurrency market is facing a prolonged downturn, with investors grappling with significant losses and a sense of unease. Eight consecutive weeks have seen the crypto market under pressure, leaving portfolios significantly impacted. Bloomberg data reveals that numerous tokens have plunged by 30–80% since mid-December. This article delves into the factors contributing to this ongoing weakness and its implications for altcoins.