Bitcoin, the world's largest cryptocurrency, experienced a sharp reversal in market momentum in the last 24 hours, falling below $24,000 from its recent high of $25,100. Ethereum has also followed the downward trend of Bitcoin and has experienced a gradual decline during the same period.
However, the decline in the cryptocurrency market can primarily be attributed to the release of upcoming US preliminary GDP data and PCE figures, which are expected to increase market volatility.... Read More: Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH?