Bitcoin & Ether Plummet, Bearish Market Conditions

Bitcoin and Ether experience significant drops, hitting seven-month and four-month lows respectively, as investors remain cautious amidst market volatility. Bitcoin erases all gains for the year, while Ether loses close to sixteen percent. Crypto-related stocks also suffer, with Strategy shares falling eleven percent. Market conditions are deemed the most bearish since January 2023, suggesting peak demand may have already passed.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.