#PI# #BTC# #ETH#

Today, the cryptocurrency market is shrouded in gloom, showing an overall downward trend, and investors' sentiments are similarly tense. Bitcoin's price has retreated from its high, currently quoted at 116,174 USD. Although the decline is not drastic, its movements are affecting the nerves of the entire market, as it is the "barometer" of the cryptocurrency market, with every move influencing investors' confidence in the market. Ethereum has also not been spared, currently priced at 3,715 USD, with its price fluctuations revealing the market's unease.
At the macro level, the United States has imposed tariffs on multiple countries, and the shadow of trade friction looms large, casting a pall over the global economic outlook. Investors are increasingly risk-averse, selling off risk assets, and the cryptocurrency market, naturally, cannot remain unaffected. Federal Reserve Chairman Powell's strong remarks have delayed expectations for interest rate cuts, and the tightening of funds has led to increased volatility in global risk assets, pulling the cryptocurrency market into this whirlpool of fluctuations.