Bitcoin Falls 5.8% as Rising Rate Expectations and Tech Stock Pressure Trigger Market-Wide Decline

Cryptocurrency markets posted sharp declines over 24 hours, with Bitcoin falling 5.8% and Ethereum dropping 9.4%. The S&P 500 declined approximately 1.8% during the same period as investors repositioned amid rising interest rate expectations and pressure on technology stocks. Total crypto market capitalization contracted 6%, moving from approximately $3.4 trillion to $3.2 trillion, according to market data.