It seems Bitcoin is weakening in line with the decline in the U.S. stock market. When I checked earlier, it was trading around $72,890, and it’s down quite a bit compared with last week. After all, the tendency for the entire crypto market to be dragged along by stock market moves doesn’t seem to have changed.

With this kind of trend, the entire crypto market—including altcoins—likely remains in a bearish mood as well. Including Ethereum, it feels like selling pressure has been strong over the past few days. Depending on U.S. economic indicators and the outlook for the FRB, I think it will determine how far the crypto market will fall.

For now, it’s probably best to wait and see until a major buying opportunity shows up. It seems we’ll need to keep a closer eye on how cryptocurrency prices are moving.