Crypto Market Drops: Why Prices Are Falling Today

The cryptocurrency market witnessed a notable dip on Tuesday, October 28th, with its total capitalization dropping by over 1% to around $3.9 trillion in the late North American trading session. Bitcoin’s price took the lead in the downward trend, reaching a local low of approximately $112,412 before experiencing further declines. Meanwhile, Ethereum (ETH) saw a more substantial drop of over 3%, currently trading at around $3,946 as of press time. However, concerns about further market capitalization decrease have eased for traders who await important news from the United States.