CoinEx Daily: Crypto Market Drops amid Weak ADP Report Data and Rate Cut Expectation in US

Daily View

Overall crypto market capitalization fell by 1.8% over the past 24 hours, reflecting broad declines across altcoins. Bitcoin faces headwinds as US macroeconomic news turns bearish, with a weak ADP report data increasing expectations for a Federal Reserve rate cut, intensifying pressure on risk assets. Regulatory debate continues, as the SEC proposes new safe harbor rules for crypto.