The past week has witnessed significant downturns in the cryptocurrency market, with overall valuations sliding by 20% and Bitcoin by 5%. This shift occurred amid macroeconomic data and global financial indicators contributing to the bearish sentiment. Crypto Market Reaction to Macroeconomic Indicators Crypto-analyst on Michael van de Poppe has explained the situation that is happening The post Here is Why the Crypto Market is Down 20% & Bitcoin 5% This Week appeared first on CoinGape .