Crypto Market Rocked by Whale Sell-Off, Triggering Volatility

A significant sell-off triggered by a single whale transaction has sent shockwaves through the cryptocurrency market, impacting both Bitcoin and Ethereum prices. The sale of 24,000 BTC, valued at approximately $2.7 billion, is believed to have been responsible for a sharp decline in market capitalization, losing over $205 billion in a single day. This move has heightened volatility as traders adjust their strategies amidst uncertainty surrounding the upcoming U.S. economic data releases.