On December 1st, Ethereum (ETH) plummeted alongside the cryptocurrency market, with prices significantly dropping and falling below the $2900 mark. As of the time of writing, the price is around $2830, with a decline of over 5% in the last 24 hours.
Reasons for the market fall
The recent fall is mainly related to market sentiment and external rumors:
· Market Rumors Impact: Unverified news circulating in the market about Federal Reserve Chairman Powell possibly resigning has raised concerns and risk-averse sentiment among investors.
· Policy uncertainty: At the same time, the uncertainty regar
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