Crypto Takes a Tumble: What's Shaking Up the Market?

Crypto prices are feeling the heat lately. Bitcoin and Ethereum, the big names in the crypto world, have been dropping. Bitcoin is now below $92, 200, which is the lowest it's been since April. It's lost over 14% in just two weeks, wiping out all the gains it made this year. Ethereum isn't faring much better, trading around $3, 000 and hitting a four-month low at $2, 960. What's causing this downturn? It's a mix of things. Investors are worried about the economy and the Federal Reserve's interest rate decisions. There's also concern about big tech companies like Google and Microsoft spending heavily on AI, which could impact their finances and, in turn, the market.The stock market isn't doing great either. The Nasdaq and S&P 500 both took a hit, continuing their recent slides. Crypto stocks like Coinbase are also feeling the pinch, with Coinbase dropping over 7%. Investors have been pulling out of their positions, with over $900 million liquidated in the past day. Some big players and miners have been selling, and when the price broke key levels, it triggered more sell-offs in the derivatives market. But not everyone sees this as a long-term problem. Some experts think it's just a short-term adjustment. They point out that Bitcoin is still within its uptrend line from last year's rally. Others are more cautious, with a majority predicting Ethereum will continue to drop.