Author: Sunil Jagtiani, Bloomberg; Compiler: Deng Tong, Golden Finance
Cryptocurrencies have fallen almost daily since last week’s record;
Investors worry about the risk of the Federal Reserve reducing interest rate cuts.
Bitcoin hovers near its lowest level in about two weeks Why It was lower flows into dedicated exchange-traded funds and concerns that the scope of U.S. interest rate cuts was narrowing.
The digital asset has fallen almost daily since hitting an all-time high of nearly $73,798 on March 14, raising questions about whether the cryptocurrency is temporarily dead. Peaking question.
The decline comes amid concerns over whether above-target inflation will lead Federal Reserve policymakers to There is uncertainty about lowering expectations for interest rate cuts at the meeting, which indicates that the environment for speculative investment is not very favorable.
Meanwhile, regards the U.S. Spot, which was launched to much fanfare on January 11 Demand for Bitcoin ETFs has cooled. The products have seen net inflows of $11.6 billion so far, but investors pulled money from the group on Monday.
Although Bitcoin has recently The woes are partly related to the Fed’s outlook, but “the commitment of some latecomers to buy more than $60,000 — expected to see steady inflows into new Bitcoin ETFs — is now being tested,” said IG Australia Pty. said market analyst Tony Sycamore.
The broader cryptocurrency market has lost about $420 billion since hitting $2.9 trillion last week, according to CoinGecko. Tokens like Ethereum and BNB, as well as crowd favorite Dogecoin, have all suffered during this period.
K33 Research said Bullish bets using derivatives could see further washouts, suggesting the numbers A rapid recovery in asset markets could hit roadblocks.
Anders Helseth and Vetle Lunde of K33 Research wrote in a report: “Therefore, The risk of continued amplification of downside volatility due to prolonged liquidation remains considerable."
Coinglass data shows that about $483 million worth of bullish cryptocurrency bets are on It was liquidated in the past 24 hours, one of the biggest declines in the past two weeks.
Digital asset optimists continue to predict that an impending reduction in Bitcoin supply growth will spur Bitcoin development. But pessimism now prevails, underlined by plunges this week in cryptocurrency-related stocks such as U.S. exchange operator Coinbase Global Inc., bitcoin holder MicroStrategy Inc. and Japanese financial services firm Monex Group.
The Darknet, a hidden part of the internet accessed with tools like the Tor Browser, once connected to Bitcoin through Silk Road, an anonymous marketplace for illicit goods. Bitcoin's features attracted criminals, but its immutable ledger aided law enforcement, altering perceptions of its association with crime.
JixuFostering global partnerships, Singapore's MAS leads the way in digital asset innovation, aiming for regulatory alignment and enhanced cross-border interoperability.
Hui XinGoogle's Bard AI predicts that XRP is more likely to break its all-time high price before Shiba Inu and Cardano. Factors such as market capitalisation, real-world utility, and a strong community back XRP's potential for growth.
YouQuanThe unit is currently involved in investigating several high-profile cases, including Terraform Labs, Kakao, and the Coin Gate scandal.
ClementAn older video has resurfaced, featuring journalist Laura Shin claiming to possess potentially damaging information regarding Charles Hoskinson, Cardano’s founder.
KikyoAxie Infinity is showing strong signs of revival, with a notable 43% price increase and a spike in active user addresses over the past 10 days. The growth is not just a ripple effect from the broader crypto rally but seems underpinned by genuine gaming activity and trading of in-game assets.
YouQuanBNB Chain Unveils Secure Multi-Signature Wallet Service Using Gnosis Safe Protocol, Available on Both BSC and opBNB Networks.
JixuThe looming prospect of a US Bitcoin Exchange-Traded Fund (ETF) has ignited optimism within the crypto industry, but it has also raised concerns among Bitcoin mining firms.
JasperCrypto exchange-traded products (ETPs) attracted their highest weekly inflows in more than a year, totaling $326 million, as investors increasingly opt for ETPs to gain exposure to major cryptocurrencies without direct ownership.
JixuThe world of cryptocurrencies witnesses a resurgence as memecoins regain prominence alongside the broader market's upward trajectory, primarily fueled by the anticipation of Bitcoin exchange-traded funds (ETFs).
Jasper