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Crypto Market Slides as Dollar Strength and Macro Risk Weigh
Crypto market weakens as Bitcoin drops under US$104K amid dollar strength and macro uncertainty.
The cryptocurrency market came under heavy pressure today as the Bitcoin price broke below US$104,000 and the broader digital-asset universe faltered. A stronger U.S. dollar and lingering uncertainty over U.S.-interest-rate direction dampened investor appetite for risk assets. On-chain data show liquidation events rising and funding-rates turning negative, sparking concerns of a deeper correction. Analysts warn the break of psychological support near US$100,000 could trigger further declines in the crypto space.