A sharp sell-off has hit the crypto market, with Bitcoin briefly dropping below the $100,000 mark and Ethereum plunging more than 10%.
The total market capitalization has fallen from around $3.5 trillion to $3.3 trillion, marking its lowest point in recent weeks.
Analysts attribute the decline to ongoing uncertainty over the Federal Reserve’s interest rate policy, rising bond yields, and institutional profit-taking.
Market sentiment has shifted toward the “fear” zone, and volatility is expected to remain elevated in the short term.
