Global #cryptocurrency market

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

Bitcoin has experienced a notable intraday pullback, dipping 1.15% to trade at $58,450, breaking below the $59,000 mark. This decline marks the third consecutive bearish day for the leading cryptocurrency, with its value down by 3.45% over this period.

In a remarkable display of long-term investment success, an early Ethereum (ETH) investor has cashed in on their holdings after nearly 8.5 years, realizing a staggering 446-fold return.

In a dramatic turn of events, Bitcoin experienced a significant drop to $58,500 following news of a second assassination attempt on former U.S. President and current presidential candidate, Donald Trump.

In just 15 years, the cryptocurrency market has exploded, reaching an impressive market capitalization of $2.09 trillion—double the value from just a year ago.

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to make waves in the cryptocurrency market.