The Market's Enthusiasm for Cryptocurrencies Stalls.

Iti9

As the path of monetary policy in the United States becomes more challenging with the easing of policies, the speculative enthusiasm in the cryptocurrency market is waning. Tokens like Pepe, Dogwifhat, and Bonk, previously favored by traders, have experienced significant declines in the past, leading to a major drop in an index measuring small digital assets on Monday, the biggest in over two weeks. Stefan von Haenisch, Trading Head at OSL SG Pte in Singapore, noted that the prospect of the Federal Reserve reducing interest rates is impacting cryptocurrencies, leading to sell-offs — no industry is immune, especially those whose prices have surpassed Bitcoin in the past six months, such as Memecoin tokens.

Jafar224

That's something worth looking into, indeed.