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What’s Causing Crypto to Sell Off in Huge Volumes
Bitcoin hit a one-month low as outflows from digital asset investment products and the prospect of prolonged higher U.S. borrowing costs weakened crypto markets.
Persistent inflation has led traders to reduce expectations for the Federal Reserve to cut interest rates this year, posing a challenge for speculative investments such as cryptocurrencies.
“Cryptocurrencies are increasingly vulnerable to macro triggers”
Crypto markets, including new coins, are showing signs of weakening demand.
In South Korea, a local report said new regulations coming next month could force exchanges to reduce the number of tokens available to investors.
