After a week of gains, the cryptocurrency market experienced a slight decline, with total capitalization dropping 1.1% to $3.23 trillion. Despite this, 90 of the top 100 coins remained positive over the last 24 hours. Bitcoin fell by 1.2% to $92,227 and Ethereum dipped by 0.6% to $3,169, while XRP and Solana faced steeper losses. Market volatility is driven by a combination of labor data, central bank actions, and shifting equity markets globally. Analysts highlight Bitcoin's stabilization above the True Market Mean but caution that maintaining it within the $96,000 to $106,000 range is vital. Investor sentiment remains low, reflected by a fear and greed index score of 25. Institutional outflows from Bitcoin and Ethereum ETFs, along with corporate liquidity preparations, signal cautious positioning ahead of key US inflation data impacting Federal Reserve decisions. The market awaits clear macroeconomic direction as volatility lingers.
Continue to read Crypto Market Sees a Dip Amid Economic Uncertainty and Mixed Signals
After a week of gains, the cryptocurrency market experienced a slight decline, with total capitalization dropping 1.1% to $3.23 trillion. Despite this, 90 of the top 100 coins remained positive over the last 24 hours. Bitcoin fell by 1.2% to $92,227 and Ethereum dipped by 0.6% to $3,169, while XRP and Solana faced steeper losses. Market volatility is driven by a combination of labor data, central bank actions, and shifting equity markets globally. Analysts highlight Bitcoin's stabilization above the True Market Mean but caution that maintaining it within the $96,000 to $106,000 range is vital. Investor sentiment remains low, reflected by a fear and greed index score of 25. Institutional outflows from Bitcoin and Ethereum ETFs, along with corporate liquidity preparations, signal cautious positioning ahead of key US inflation data impacting Federal Reserve decisions. The market awaits clear macroeconomic direction as volatility lingers.
Continue to read Crypto Market Sees a Dip Amid Economic Uncertainty and Mixed Signals
Yorumlar
Yorum Gönder