Bitcoin & Crypto Market Stumbles Despite Economic Tailwinds

Despite positive economic factors like the Federal Reserve’s rate cut and easing trade tensions between the U.S. and China, the cryptocurrency market has experienced a downward trend this week. Experts are looking for reasons behind this market weakness. The total crypto market cap has dropped by roughly $240 billion in just four days, falling from $3.9 trillion on October 27 to approximately $3.66 trillion. Bitcoin (BTC) is down nearly 4% since then, struggling to stay above $110,000 and now trading around $109,983. Ethereum (ETH) has also suffered significant losses, dropping over 9% in the same period to about $3,850. Analysts are debating possible reasons for this market slump.