CoinVoice has recently learned that according to Bloomberg, the digital asset market experienced its second largest weekly drop since 2024, mainly due to the cooling of market demand for Bitcoin spot ETFs and monetary policy uncertainty.
In the seven days ending last Sunday, the relevant index covering the top 100 digital assets by market value fell by about 5%, the biggest drop since April this year. Bitcoin fell below $63,000, the lowest point in more than a month. Experts pointed out that the current dynamics of the crypto market are characterized by low volatility, weak trading volume, and when prices begin to move towards the edge of the range, the order book becomes unbalanced. [Original link]
