Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

HSBC Bank Pilots e-HKD+ Stablecoin Across Various Blockchains

July 10, 2025

Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

July 10, 2025

Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?

July 10, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Why Is the Crypto Market Down Today? Bitcoin At $67K

0
By on October 22, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Why Is the Crypto Market Down Today? Bitcoin At $67K appeared first on Coinpedia Fintech News

The crypto market just took a surprising dive after hitting a 3-month high, with the global market cap dropping by 2.2% to $2,34 trillion. Meanwhile, the leading cryptocurrency, fell below $67,000, showing a 2.7% decline. This nervousness has led to a short-term dip, causing a quick pullback as investors grow cautious.

Election Worries Impact Bitcoin

With only two weeks left before the U.S. presidential election, concerns are growing about the outcome. Earlier, hopes for a Trump victory boosted crypto prices, as Trump is more favorable to cryptocurrencies.

Vice President Harris also made some positive remarks about potential crypto regulation, which helped boost confidence. However, with the race now looking too close to call, some investors are pulling back from risky assets like Bitcoin and turning to safer options like gold and the U.S. dollar.

Prediction platforms like Polymarket still favor Trump, giving him a 63.5% chance of winning, while Harris stands at 36.2%. But the uncertainty is making investors nervous.

Federal Reserve’s Interest Rate Moves

Another factor weighing on the crypto market is the belief that the Federal Reserve will cut interest rates more slowly than expected. This expectation has strengthened the U.S. dollar and pushed up Treasury yields, which tends to hurt riskier investments like cryptocurrencies.

Investors are now preparing for the possibility that interest rates will stay high for longer, making it harder for speculative assets, like Bitcoin, to recover in the short term.

Gold Reaches Record Highs

As cryptocurrencies face pressure, gold has become a safe haven for investors. Gold prices have hit a record high of $2,725.81, with a market value around $18.383 trillion. Silver has also surged, reaching its highest price in nearly 12 years, driven by rising tensions in the Middle East.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

July 10, 2025

Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?

July 10, 2025

Smart Investors Favor Ruvi AI (RUVI) Over Avalanche (AVAX); Audited, Utility-Driven, and Still Cheap Makes It the Best Bet

July 10, 2025
Leave A Reply Cancel Reply

What's New Here!

HSBC Bank Pilots e-HKD+ Stablecoin Across Various Blockchains

July 10, 2025

Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

July 10, 2025

Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?

July 10, 2025

Smart Investors Favor Ruvi AI (RUVI) Over Avalanche (AVAX); Audited, Utility-Driven, and Still Cheap Makes It the Best Bet

July 10, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.