Crypto Major Slump Amidst Rate-Cut Expectations and Market Uncertainty

Cryptocurrency markets experienced a significant downturn last week as traders adjusted to shrinking expectations for U.S. rate cuts. This shift triggered a broad sell-off, pushing major cryptocurrencies like Bitcoin below $100,000. Despite robust support from global macro factors such as stimulus packages in Japan and China, market anxiety fueled by uncertainty regarding the timing of easing measures for speculative assets hampered investor confidence.