Bitcoin and Ether, the top two cryptocurrencies, have both experienced a decline in value. On March 10th, Bitcoin dropped below $20,000 for the first time in nearly two months, reaching a low of $19,918. This downward trend is due to the Federal Reserve’s hawkish stance and recent government crackdowns, which have caused uncertainty and negative sentiment within the market. The strength of the US dollar has also affected the cryptocurrency market, causing investors to shift their funds away from riskier investments like cryptocurrencies and into safe-haven assets. Additionally, the transfer of 50,000 Bitcoin worth $1 billion from law enforcement seized accounts has raised concerns about potential market turbulence. As of now, Bitcoin is priced at $19,969 with a 24-hour trading volume of $36 billion. Cryptonews has also provided a list of the top 15 altcoins to watch in 2023.
