Bitcoin and Cryptocurrencies Experience Sharp Decline in Market Value.

The cryptocurrency market experienced a pullback on Wednesday, with Bitcoin falling below $30,000 and Ether trading below the $2,000 support/resistance zone. Altcoins also saw losses, with only two tokens in the top 200 seeing gains. Analysts note that Bitcoin's daily uptrend remains intact, but bulls need to show fresh power to keep it alive. Michaël van de Poppe warns of a retest of support at $29,000 if tomorrow's unemployment data has any surprises. The overall cryptocurrency market cap now stands at $1.22 trillion, and Bitcoin's dominance rate is 46.2%.