Bitcoin and Altcoins Experience Market Downturn, Future Predictions Analyzed.
Bitcoin and Ethereum have seen a 2.8% and 3.3% drop respectively in the past 24 hours, with major and minor altcoins also experiencing losses within the 2-5% range. The global cryptocurrency market cap has dropped 2.5% to $1.2 trillion. The sudden drop in prices could be due to several reasons, including sky high Bitcoin fees and a precipitous sell off from investors following lower than expected inflation numbers.