Bitcoin's decline, influenced by worsening macroeconomic indicators and rising geopolitical tensions between Israel and Iran, has led to substantial losses in the altcoin market.
Sharply declining BTC prices due to these factors have trickled down to cause similar declines among top altcoins, demonstrating the interconnected nature of the cryptocurrency market.
The drop highlights the sensitivity of the cryptocurrency market to global events and economic data, emphasizing the risks involved in crypto investments.
