Coin-Turk 9 minutes ago
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Cryptocurrency markets experienced a severe decline on Wednesday. Bitcoin (BTC) 
$96,515 dropped sharply, falling from $102,000 to below $97,000. This plunge has been attributed to a significant increase in U.S. Treasury yields over the last decade. Additionally, the Institute for Supply Management’s (ISM) Private Sector Purchasing Managers’ Index (PMI) report for December contributed to market volatility, rising from 52.1 in November to 54.1.
Increased Market Volatility
The global crypto market saw a decline of approximately 6%, dipping below the $3.38 trillion mark. However, trading volumes surged by 27% in response to market downturns, reaching $162 billion. This increase indicates heightened liquidity in the market and shows that investors are actively repositioning their investments.
Performance of Notable Altcoins
In addition to Bitcoin, major altcoins like Ethereum (ETH) …
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