Crypto Market Faces Turbulence: BTC, ETH, and Major Altcoins Take a Hit
The cryptocurrency market experienced a significant downturn on early Monday morning, with major digital assets including Bitcoin (BTC) and Ethereum (ETH) witnessing notable declines. This market retreat resulted in the liquidation of approximately $1.5 billion in leveraged positions, highlighting the ongoing volatility and uncertainty within the crypto landscape. The drop in cryptocurrency values coincided with a Federal Reserve interest rate cut, which many had anticipated would decrease the dollar index and promote risk-taking behavior. However, the outcome was contrary to market expectations, leading to a shift in sentiment and triggering selling pressure across most assets. According to Alex Kuptsikevich, the












