The cryptocurrency market is facing a major decline, with a nearly 5% drop in total market capitalization driven by extensive liquidations exceeding $19 billion. Widespread price falls affected almost all top cryptocurrencies, including Bitcoin and Ethereum, fueled by escalating US-China trade tensions. Analysts warn of possible deeper corrections if key support levels are broken, while investor sentiment remains bleak amid outflows from US crypto ETFs. Nonetheless, institutional interest and legislative moves, such as Florida's proposal to invest public funds in Bitcoin ETFs, highlight ongoing confidence in digital assets despite current volatility.
Continue to read Crypto Markets Tumble Amid Trade Tensions and Massive Liquidations
The cryptocurrency market is facing a major decline, with a nearly 5% drop in total market capitalization driven by extensive liquidations exceeding $19 billion. Widespread price falls affected almost all top cryptocurrencies, including Bitcoin and Ethereum, fueled by escalating US-China trade tensions. Analysts warn of possible deeper corrections if key support levels are broken, while investor sentiment remains bleak amid outflows from US crypto ETFs. Nonetheless, institutional interest and legislative moves, such as Florida's proposal to invest public funds in Bitcoin ETFs, highlight ongoing confidence in digital assets despite current volatility.
Continue to read Crypto Markets Tumble Amid Trade Tensions and Massive Liquidations
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