Crypto Market Faces Turbulence as Bitcoin Struggles to Rebound

Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced declines as long-term investors locked in profits, with Bitcoin dropping to an intraday low of $90,770 before recovering slightly. Despite the sell-off, analysts anticipate a potential rebound, citing buy signals and institutional buying. Meanwhile, the global cryptocurrency market cap fell by 2.29%, and U.S. stock markets reached new highs amid expectations of a Federal Reserve rate cut.