Cryptocurrency Market Volatility: Bitcoin and Altcoins Slide Amid Economic Uncertainty

Bitcoin's price dropped 8% to around $65,761, with memecoins like Pepe, Dogecoin, and Shiba Inu also experiencing declines. The slump is attributed to decreased interest in Bitcoin ETFs, evidenced by outflows from funds and a drop in trading volume. Additionally, apprehension about the Federal Reserve's upcoming actions is impacting the crypto market. However, some analysts believe the price correction is typical before Bitcoin's halving event and anticipate a surge in the months following.