The global cryptocurrency market experienced a setback on Wednesday as its total valuation dipped by almost 5%, reaching $2.42 trillion. This decline comes after Bitcoin, the leading digital asset, saw a drop to a low of $74,588 per coin on Tuesday before rebounding slightly above the $76,000 mark.
While Bitcoin faced some downward pressure, traditional safe-haven asset gold has been quietly making gains, surpassing the $3,000 mark. This contrast between the performance of Bitcoin and gold highlights the ongoing debate around the role of cryptocurrencies as a store of value compared to traditional assets like gold.
The recent volatility in the crypto market has been attributed to various factors, including regulatory developments and macroeconomic trends. Concerns over potential regulations in
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