Bitcoin's price dropped below $59,000, which led to a negative impact on various altcoins. The sudden price decline has concerned investors and market analysts alike.
In a related development, the World Health Organization (WHO) declared a global emergency due to the emergence of a new monkeypox variant, adding another layer of uncertainty to the financial markets.
The ongoing changes in the cryptocurrency market, coupled with global health concerns, have created a volatile environment for both seasoned and new investors.
