The cryptocurrency market is experiencing a significant downturn, with a 1.4% decrease in total market capitalization to $3.88 trillion. Major coins such as Bitcoin and Ethereum have slipped notably, driven by macroeconomic pressures and intensified US-China trade tensions. Institutional activity remains cautious with notable outflows in Bitcoin ETFs despite inflows in Ethereum holdings. Market sentiment is firmly in the fear zone, while analysts highlight critical price levels that will determine the market's short-term trajectory. Regulatory developments and large asset movements add further complexity to the current crypto landscape.
Continue to read Crypto Market Faces Steep Declines Amid Renewed Economic Uncertainty
The cryptocurrency market is experiencing a significant downturn, with a 1.4% decrease in total market capitalization to $3.88 trillion. Major coins such as Bitcoin and Ethereum have slipped notably, driven by macroeconomic pressures and intensified US-China trade tensions. Institutional activity remains cautious with notable outflows in Bitcoin ETFs despite inflows in Ethereum holdings. Market sentiment is firmly in the fear zone, while analysts highlight critical price levels that will determine the market's short-term trajectory. Regulatory developments and large asset movements add further complexity to the current crypto landscape.
Continue to read Crypto Market Faces Steep Declines Amid Renewed Economic Uncertainty
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