Cryptocurrency Market Continues Downward Trend Amidst Macro Uncertainty

The cryptocurrency market has experienced a broad-based decline over the past 24 hours, with major tokens such as Bitcoin and Ethereum falling by 2.07% and 2.10%, respectively.

The global market capitalization has decreased to $2.29 trillion, indicating a weakening trend in the market.

Macroeconomic factors are primarily responsible for the decline, including rising war risk and energy stress.

The pressure of derivatives positioning, particularly with the expiration of $14 billion in bitcoin options on Friday, has also contributed to the market's downturn.