The cryptocurrency market continues to slide this morning, with Ethereum dropping to $4,100 and Bitcoin falling below $113,000.

BlockBeats News, August 20th, according to HTX market data, last night and this morning, the crypto market continued to experience a downturn. Among them,

Ethereum fell to around $4100, now trading at $4107.89, with a 24-hour decrease of 2.02%.

Bitcoin dropped below $113,000, now priced at $112,895.92, with a 24-hour decrease of 0.78%.

In terms of news, the main bearish factors may come from the fall of the US stock market and international macroeconomic uncertainty: U.S. stocks closed on Tuesday with the Dow slightly up, the S&P 500 down 0.58%, and the Nasdaq down 1.46%. The Russia-Ukraine conflict has escalated again, and the market expects Powell's speech to either shatter the 50 basis point rate cut expectation, etc.