Bitcoin and Ethereum Decline as a New Era in the Crypto Market

The Decline in the Crypto Market Continues

The cryptocurrency markets have fallen below the $3 trillion mark, experiencing a decline for the third time this month. The decrease in total market value is raising concerns among investors.

Major assets, particularly those linked to the Exchange-Traded Fund (ETF), are under selling pressure as institutional investors assess risk. This situation is leading to a decrease in the value of leading cryptocurrencies like Bitcoin and Ethereum.

Differences in Asian Markets

Bitcoin's decline is notable in contrast to the gains seen in Asian stock indices. Particularly, with the anticipated financial stimulus from China, the indices in these regions are showing a positive trend.