Global #cryptocurrency market

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been facing challenges in regaining its momentum. Despite a brief surge earlier in the week, ETH's price has remained relatively stagnant, reflecting the broader market uncertainty.

Bitcoin price is currently facing downward pressure, with analysts expressing concerns about a potential further decline. The cryptocurrency market has been grappling with a volatile period, and Bitcoin, as the market leader, is not immune to these fluctuations.

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

Bitcoin has experienced a notable intraday pullback, dipping 1.15% to trade at $58,450, breaking below the $59,000 mark. This decline marks the third consecutive bearish day for the leading cryptocurrency, with its value down by 3.45% over this period.

In a remarkable display of long-term investment success, an early Ethereum (ETH) investor has cashed in on their holdings after nearly 8.5 years, realizing a staggering 446-fold return.

In a dramatic turn of events, Bitcoin experienced a significant drop to $58,500 following news of a second assassination attempt on former U.S. President and current presidential candidate, Donald Trump.