Crypto Market Plunges Amid Fed Rate Concerns

Bitcoin just crashed below 94,000 dollars for the first time in six months and the entire crypto

market is bleeding red. This is the steepest monthly decline since the massive

corporate failures that rocked the sector back in 2022. We're talking about a total market cap

drop of 161 billion dollars in a single day. Ethereum is down nearly 6 percent

sitting at around 2,900 dollars and some of the riskiest altcoins have plummeted to levels we haven't

seen since the pandemic era. The carnage is real and it's happening fast.

Bitcoin alone has lost over 30,000 dollars in value in just six weeks. That's insane volatility

even for crypto standards. So what's causing this massive selloff? It all comes down