Today’s crypto market is experiencing significant volatility.

Bitcoin has dropped by nearly 3% in the last 24 hours, currently trading around 58,000 dollars, while Ethereum is down by 2%, sitting near 2,500 dollars.

Analysts say the decline is linked to stronger U.S. economic data, which raises expectations that the Federal Reserve may keep interest rates higher for longer. This has pressured risky assets, including cryptocurrencies.

Despite the downturn, some experts believe this correction is temporary, as institutional adoption and positive developments in blockchain technology continue to grow.

Investors are advised to remain cautious, diversify their portfolios, and closely follow market trends.

That’s the latest update in today’s crypto news.