U.S.
54,231 views
20 Posts
Hot
Latest
🔥🔥🔥 #bitcoin☀️ Bloodshed: Crypto Liquidations Top $200 Million as #Ethereum , $BTC Fall
Crypto Market Sees Surge in Liquidations as Bitcoin Falls Below $60,000
On Wednesday, the cryptomarket experienced its highest spike in liquidations over the past week as Bitcoin's price dropped below $60,000. According to CoinGlass, more than 74,000 traders were liquidated, totaling $208 million.
Most of the liquidations, amounting to $184 million, affected investors who had bet on rising prices through long positions. Ethereum investors bore the brunt of these liquidations, with losses reaching $55.5 million, nearly all from long positions.
The ongoing concerns regarding #U.S. monetary policy, geopolitical tensions, and the upcoming U.S. presidential election in November are expected to influence the top #Cryptocurrencies ' prices throughout 2024.
Bitcoin fell from approximately $62,200 to a low of $59,425 during intraday trading but has since recovered to above $60,200, though it remains down 3% in the past 24 hours.
Ethereum also dropped 3% over the same period, falling from a high of $3,425 to a low of $3,254, and is currently trading at $3,300.
Solana, the fifth-largest cryptocurrency by market cap, suffered the most significant decline among the top 10 coins, falling roughly 8% to $140. This drop follows recent optimism sparked by VanEck’s filing for a “Solana Trust” exchange-traded fund last month.
Overall, top cryptocurrencies have seen declines over the past month, with Ethereum down more than 12% despite anticipation surrounding the potential launch of Ethereum spot ETFs. Bitcoin has also fallen 12% during this period.
Analysts still foresee potential for price increases later in the year, suggesting that the current market cool-down may be a precursor to a significant price surge in the coming months. On Wednesday, CryptoQuant released a report analyzing Bitcoin mining metrics, indicating that current conditions could signal a potential bottoming out of prices.
#BinanceSquareBTC
Crypto Market Sees Surge in Liquidations as Bitcoin Falls Below $60,000
On Wednesday, the cryptomarket experienced its highest spike in liquidations over the past week as Bitcoin's price dropped below $60,000. According to CoinGlass, more than 74,000 traders were liquidated, totaling $208 million.
Most of the liquidations, amounting to $184 million, affected investors who had bet on rising prices through long positions. Ethereum investors bore the brunt of these liquidations, with losses reaching $55.5 million, nearly all from long positions.
The ongoing concerns regarding #U.S. monetary policy, geopolitical tensions, and the upcoming U.S. presidential election in November are expected to influence the top #Cryptocurrencies ' prices throughout 2024.
Bitcoin fell from approximately $62,200 to a low of $59,425 during intraday trading but has since recovered to above $60,200, though it remains down 3% in the past 24 hours.
Ethereum also dropped 3% over the same period, falling from a high of $3,425 to a low of $3,254, and is currently trading at $3,300.
Solana, the fifth-largest cryptocurrency by market cap, suffered the most significant decline among the top 10 coins, falling roughly 8% to $140. This drop follows recent optimism sparked by VanEck’s filing for a “Solana Trust” exchange-traded fund last month.
Overall, top cryptocurrencies have seen declines over the past month, with Ethereum down more than 12% despite anticipation surrounding the potential launch of Ethereum spot ETFs. Bitcoin has also fallen 12% during this period.
Analysts still foresee potential for price increases later in the year, suggesting that the current market cool-down may be a precursor to a significant price surge in the coming months. On Wednesday, CryptoQuant released a report analyzing Bitcoin mining metrics, indicating that current conditions could signal a potential bottoming out of prices.
#BinanceSquareBTC
👉👉👉 #FederalReserve Forecasts "AI Will Be Deflationary" To Boost Economy
Using AI to Boost the #U.S. Economy
During the recent Federal Open Market Committee (FOMC) meeting, policymakers discussed several factors that could lead to future disinflation. Initially, they considered elements such as the continued easing of demand-supply pressures in product and labor markets, the lagged effects on wages and prices from previous monetary policy tightening, delayed responses of measured shelter prices to rental market developments, and the prospect of additional supply-side improvements.
However, they also identified Artificial Intelligence (AI)-related technology as a potential driver in mitigating inflation. The application of AI could significantly boost productivity in businesses and, consequently, the economy. The #fomc participants noted that longer-term inflation expectations have remained well anchored, which is seen as a crucial component in the disinflation process. They emphasized the need for additional favorable data to ensure confidence that inflation will sustainably trend toward the 2% target.
The Appeal to Several Governments
Highlighting AI as a factor in the search for disinflation is a significant endorsement for this emerging technology. It suggests that AI is gradually gaining traction across various sectors and borders. The U.S. government may eventually prioritize this sector, especially as it has been working to regulate AI within the country.
In December 2023, the #Biden administration launched an initiative to establish critical standards for the safe, secure, and trustworthy deployment of AI in the U.S. Biden’s executive order on AI aligns with the European Union's regulatory efforts.
In Europe, the Council's Intergovernmental Steering Committee on Media and the Information Society (CDMSI) has established guidelines for responsible AI use in journalism, upholding human rights, democracy, and the rule of law.
#BinanceSquareTalks
Source - coingape.com
Using AI to Boost the #U.S. Economy
During the recent Federal Open Market Committee (FOMC) meeting, policymakers discussed several factors that could lead to future disinflation. Initially, they considered elements such as the continued easing of demand-supply pressures in product and labor markets, the lagged effects on wages and prices from previous monetary policy tightening, delayed responses of measured shelter prices to rental market developments, and the prospect of additional supply-side improvements.
However, they also identified Artificial Intelligence (AI)-related technology as a potential driver in mitigating inflation. The application of AI could significantly boost productivity in businesses and, consequently, the economy. The #fomc participants noted that longer-term inflation expectations have remained well anchored, which is seen as a crucial component in the disinflation process. They emphasized the need for additional favorable data to ensure confidence that inflation will sustainably trend toward the 2% target.
The Appeal to Several Governments
Highlighting AI as a factor in the search for disinflation is a significant endorsement for this emerging technology. It suggests that AI is gradually gaining traction across various sectors and borders. The U.S. government may eventually prioritize this sector, especially as it has been working to regulate AI within the country.
In December 2023, the #Biden administration launched an initiative to establish critical standards for the safe, secure, and trustworthy deployment of AI in the U.S. Biden’s executive order on AI aligns with the European Union's regulatory efforts.
In Europe, the Council's Intergovernmental Steering Committee on Media and the Information Society (CDMSI) has established guidelines for responsible AI use in journalism, upholding human rights, democracy, and the rule of law.
#BinanceSquareTalks
Source - coingape.com
US PCE inflation falls to 0.3%, and crypto markets turn positive
The latest report on #U.S. PCE inflation indicates a cooling down to 0.3%. Additionally, the crypto markets have turned green.
The U.S. PCE inflation rate has decreased to 0.3%, according to the most recent report. This is a positive development for the economy, as it indicates a decrease in the overall price level of goods and services.
In other news, the #crypto markets have experienced a surge in value, with many #Cryptocurrencies turning green. This is a promising sign for investors and traders in the crypto space.
Overall, these developments suggest a positive outlook for both the U.S. economy and the crypto markets. It will be interesting to see how these trends continue to evolve in the coming weeks and months.
#coingabbar #crypto2023
The U.S. PCE inflation rate has decreased to 0.3%, according to the most recent report. This is a positive development for the economy, as it indicates a decrease in the overall price level of goods and services.
In other news, the #crypto markets have experienced a surge in value, with many #Cryptocurrencies turning green. This is a promising sign for investors and traders in the crypto space.
Overall, these developments suggest a positive outlook for both the U.S. economy and the crypto markets. It will be interesting to see how these trends continue to evolve in the coming weeks and months.
#coingabbar #crypto2023
Hong Kong stands out as a more hospitable environment for #cryptocurrencies. thanks to its progressive attitude to #stablecoin rules, which could draw market participants from nations with stricter #regulations like the #U.S.
#BradGarlinghouse, the CEO of #Ripple , recently tweeted that the eagerly awaited "Hinman documents" had been "well worth the wait," alluding to their possible importance in the ongoing legal dispute between Ripple and the #U.S. Securities and #Exchange Commission (#SEC ). The records should be released this week.
On September 20, the Federal Reserve System (FRS) of the United States kept the range of the key interest rate at 5.25-5.5% per annum.
The decision aligned with market expectations. According to the FRS, inflation in the United States remains high, unemployment is low, and economic activity continues to grow at a steady pace.
"The U.S. banking system is strong and resilient. Tighter credit conditions for households and businesses are likely to affect economic activity, employment, and inflation. The scale of these consequences remains uncertain. The Committee continues to closely monitor inflation risks," the press release stated.
The #FRS will continue to strive for maximum employment and 2% inflation in the long term. If necessary, the agency is prepared to adjust the range of the key interest rate.
On September 13, the #U.S. Bureau of Labor Statistics published a consumer price report. The index value turned out to be higher than market expectations. In annual terms, the growth slowed from 4.7% to 4.3%, and on a monthly basis, it increased from 0.2% to 0.3%.
The #Nasdaq Composite, S&P 500, and Dow Jones Industrial Average indices reacted mildly to the FRS decision, losing less than 0.5%. The cryptocurrency market barely reacted to the news. According to CoinGecko, the quotes of the largest #cryptocurrencies by market capitalization showed no significant movement.
#Bitcoin initially dropped below $27,100, then returned to around $27,200. At the time of writing, the total cryptocurrency market capitalization remained above $1.1 trillion.
In February 2023, the key interest rate was raised to 4.5-4.75% per annum. In March, the rate reached 4.75-5%, and in May, it was 5-5.25%.
In June, the FRS, for the first time since March 2022, kept the range of the key interest rate at 5-5.25% per annum. The price of Bitcoin fell below $26,000.
In July, the rate increased to 5.25-5.5% per annum, but the price of digital gold reacted only slightly to the changes. $BTC $ETH $BNB
The decision aligned with market expectations. According to the FRS, inflation in the United States remains high, unemployment is low, and economic activity continues to grow at a steady pace.
"The U.S. banking system is strong and resilient. Tighter credit conditions for households and businesses are likely to affect economic activity, employment, and inflation. The scale of these consequences remains uncertain. The Committee continues to closely monitor inflation risks," the press release stated.
The #FRS will continue to strive for maximum employment and 2% inflation in the long term. If necessary, the agency is prepared to adjust the range of the key interest rate.
On September 13, the #U.S. Bureau of Labor Statistics published a consumer price report. The index value turned out to be higher than market expectations. In annual terms, the growth slowed from 4.7% to 4.3%, and on a monthly basis, it increased from 0.2% to 0.3%.
The #Nasdaq Composite, S&P 500, and Dow Jones Industrial Average indices reacted mildly to the FRS decision, losing less than 0.5%. The cryptocurrency market barely reacted to the news. According to CoinGecko, the quotes of the largest #cryptocurrencies by market capitalization showed no significant movement.
#Bitcoin initially dropped below $27,100, then returned to around $27,200. At the time of writing, the total cryptocurrency market capitalization remained above $1.1 trillion.
In February 2023, the key interest rate was raised to 4.5-4.75% per annum. In March, the rate reached 4.75-5%, and in May, it was 5-5.25%.
In June, the FRS, for the first time since March 2022, kept the range of the key interest rate at 5-5.25% per annum. The price of Bitcoin fell below $26,000.
In July, the rate increased to 5.25-5.5% per annum, but the price of digital gold reacted only slightly to the changes. $BTC $ETH $BNB
Bitcoin's Steady Stand: Above $31K, Asia Wraps Up a Calm Long Weekend
#bitcoin technical Analysis :
Quiet Long Weekend Keeps Bitcoin Above $30K
#crypto markets are quiet as the #U.S. continues its extended long weekend. Bitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. The CoinDesk Market Index (CMI) is down 0.9% to 1,262.
Trading volume is down across the board, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.
#CoinGlass ' long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.
As CoinDesk has previously reported, liquidity continues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let's see how traders react.
Stay tuned for more updates on the crypto markets.
#pepe $BTC
$XRP $BCH
Quiet Long Weekend Keeps Bitcoin Above $30K
#crypto markets are quiet as the #U.S. continues its extended long weekend. Bitcoin is down 1.1% to $30,807, while ether is down 0.8% to $1,939. The CoinDesk Market Index (CMI) is down 0.9% to 1,262.
Trading volume is down across the board, with major exchanges reporting declines between 15-20%. Liquidation volumes reflect this, with only $148,000 in positions liquidated during the last four hours, and $7.2 million liquidated in the last 12 hours.
#CoinGlass ' long/short ratio shows that long traders still have a slight edge over shorts, but its polling of trader sentiment reveals a mixed bag, with a large cohort of neutral traders splitting the bullish and bearish crowd.
As CoinDesk has previously reported, liquidity continues to be a going concern, with fiat liquidity on the decline, which might weigh heavily on risk assets like tech stocks and crypto. With plenty of economic data coming down the pipe this week, let's see how traders react.
Stay tuned for more updates on the crypto markets.
#pepe $BTC
$XRP $BCH
At present, the market value of #stablecoins. supported by #LST has reached 137 million U.S. dollars, and continues to hit new highs. Among them, #Lybra’s eUSD accounts for about 70% and reaches 95 million #U.S. dollars, Gravita's #GRAI reaches 10.8 million U.S. dollars, and Raft's R is nearly 31 million U.S. dollars. The overall TVL of the current #LSDfi agreement is about 537 million US dollars. — link
✅✅✅
✅✅✅
The Department of Justice is bringing criminal charges against #Avraham Eisenberg in addition to civil cases from the Securities and Exchange Commission, #MangoMarkets, and the #U.S. Commodity Futures Trading #Commission.
In the United States, #Metaverse and #NFT predominate
Americans are more familiar with the concepts of Metaverse and NFTs than with #Web3
Metaverse and NFTs are more familiar ideas among the #U.S. population.
Most people consider data privacy to be somewhat important. However, less than one-third trust the Internet services they currently use. Financial trading and software engineering are the skills most associated with people participating in Web 3.0 or #Cryptocurrencies
Cryptocurrencies are a widely known concept in the United States, although the level of understanding varies. Thus, among U.S. respondents, 42% state that they are not sure they understand what cryptocurrencies are.
Americans are more familiar with the concepts of Metaverse and NFTs than with #Web3
Metaverse and NFTs are more familiar ideas among the #U.S. population.
Most people consider data privacy to be somewhat important. However, less than one-third trust the Internet services they currently use. Financial trading and software engineering are the skills most associated with people participating in Web 3.0 or #Cryptocurrencies
Cryptocurrencies are a widely known concept in the United States, although the level of understanding varies. Thus, among U.S. respondents, 42% state that they are not sure they understand what cryptocurrencies are.
The US #FederalReserve Reserve raises the base rate by 0.25%p... 3 consecutive 'baby steps'
The #U.S. Federal Reserve (Fed) announced in its #fomc statement that it would raise the benchmark interest rate by 25 basis points (= 0.25 percentage points). It is a baby step following the last one, and it is in line with market expectations. As a result, the US interest rate rose to the range of 5.00-5.25%.
The #U.S. Federal Reserve (Fed) announced in its #fomc statement that it would raise the benchmark interest rate by 25 basis points (= 0.25 percentage points). It is a baby step following the last one, and it is in line with market expectations. As a result, the US interest rate rose to the range of 5.00-5.25%.
US Assistant Secretary of the Treasury "Research on digital dollar privacy guarantee measures"
According to CoinDesk, U.S. Assistant Secretary of the Treasury Graham Steele said, “The U.S. has not yet decided whether to pursue a CBDC. We are aligned, but we are also wary of the risks of CBDC.” “When designing a retail CBDC, you should actively explore the application of technologies such as privacy-enhancing technology (PET) that enables privacy and anonymity protection. These technologies maintain transaction privacy while providing transparency and traceability. “However, there are also potential risks of retail CBDCs. The recent turmoil in the US banking sector has shown that the technology that enables deposit movement is getting faster. This magnifies various risks.
#CBDC #U.S. #PET #Binance #BNB
According to CoinDesk, U.S. Assistant Secretary of the Treasury Graham Steele said, “The U.S. has not yet decided whether to pursue a CBDC. We are aligned, but we are also wary of the risks of CBDC.” “When designing a retail CBDC, you should actively explore the application of technologies such as privacy-enhancing technology (PET) that enables privacy and anonymity protection. These technologies maintain transaction privacy while providing transparency and traceability. “However, there are also potential risks of retail CBDCs. The recent turmoil in the US banking sector has shown that the technology that enables deposit movement is getting faster. This magnifies various risks.
#CBDC #U.S. #PET #Binance #BNB
The #U.S. SEC has delayed a decision on BlackRock and Fidelity’s proposal for a spot ethereum ETF and is seeking public feedback. The SEC is concerned about whether Ethereum’s proof-of-stake mechanism is vulnerable to fraud and manipulation.
Graham Steele, a representative of the #U.S. Treasury, advised attendees at a #Texas payments conference that a future #CBDC in the #UnitedStates should take privacy into account.
#U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
#Metaverse
#BTC
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
#Metaverse
#BTC
#U.S. President #Joe Biden Vetoes Resolution to Repeal SEC's Staff Accounting Bulletin 121: What This Means for Cryptocurrency Regulation*
In a move that could have far-reaching implications for the cryptocurrency market, President Joe Biden has vetoed a House Joint Resolution that sought to repeal Staff Accounting Bulletin 121 (SAB 121) of the U.S. Securities and Exchange Commission (SEC). This decision comes as the Biden administration continues to take a tough stance on cryptocurrency regulation, leaving many to wonder what's next for Bitcoin, altcoins, and the cryptocurrency market as a whole.
*What is SAB 121?*
Staff Accounting Bulletin 121 (SAB 121) is a guidance issued by the SEC in 2021 that requires publicly traded companies to disclose their digital assets and cryptocurrencies as liabilities on their balance sheets. This guidance has been controversial in the cryptocurrency space, with many arguing that it unfairly targets digital assets and fails to recognize their potential as assets.
*Implications for Bitcoin and Altcoins*
President Biden's veto means that SAB 121 will remain in effect, potentially leading to increased regulatory scrutiny for publicly traded companies that hold digital assets. This could have a ripple effect on the cryptocurrency market as a whole, potentially impacting the prices of Bitcoin and altcoins. In fact, the cryptocurrency market has already begun to react, with Bitcoin and altcoins experiencing a slight downturn in value following the news.
*Market Reaction*
- Bitcoin (BTC) price drops 3.5% in response to news
- Altcoins follow suit, with Ethereum (ETH) and Litecoin (LTC) experiencing similar declines
- Cryptocurrency market capitalization falls by $10 billion in a matter of hours
*What's Next?*
The veto is a clear indication that the Biden administration is taking a tough stance on cryptocurrency regulation. As the SEC continues to ramp up its enforcement efforts, publicly traded companies holding digital assets will need to ensure compliance with SAB 121.
#USDTfree $USTC #Biden #NewsAboutCrypto
In a move that could have far-reaching implications for the cryptocurrency market, President Joe Biden has vetoed a House Joint Resolution that sought to repeal Staff Accounting Bulletin 121 (SAB 121) of the U.S. Securities and Exchange Commission (SEC). This decision comes as the Biden administration continues to take a tough stance on cryptocurrency regulation, leaving many to wonder what's next for Bitcoin, altcoins, and the cryptocurrency market as a whole.
*What is SAB 121?*
Staff Accounting Bulletin 121 (SAB 121) is a guidance issued by the SEC in 2021 that requires publicly traded companies to disclose their digital assets and cryptocurrencies as liabilities on their balance sheets. This guidance has been controversial in the cryptocurrency space, with many arguing that it unfairly targets digital assets and fails to recognize their potential as assets.
*Implications for Bitcoin and Altcoins*
President Biden's veto means that SAB 121 will remain in effect, potentially leading to increased regulatory scrutiny for publicly traded companies that hold digital assets. This could have a ripple effect on the cryptocurrency market as a whole, potentially impacting the prices of Bitcoin and altcoins. In fact, the cryptocurrency market has already begun to react, with Bitcoin and altcoins experiencing a slight downturn in value following the news.
*Market Reaction*
- Bitcoin (BTC) price drops 3.5% in response to news
- Altcoins follow suit, with Ethereum (ETH) and Litecoin (LTC) experiencing similar declines
- Cryptocurrency market capitalization falls by $10 billion in a matter of hours
*What's Next?*
The veto is a clear indication that the Biden administration is taking a tough stance on cryptocurrency regulation. As the SEC continues to ramp up its enforcement efforts, publicly traded companies holding digital assets will need to ensure compliance with SAB 121.
#USDTfree $USTC #Biden #NewsAboutCrypto
#lunaclasic Scammers team scammed the money from the traders all around the world and they ll pay fine (that is actually bribe )as settlement to U s waoo ImS securities is enjoying free (bribe) money of scamers.
They both are scamers.
#U.S. fines (is bribed ) and claps to collect free money as already they did with #cz判罚 ,
This thing ll help to increase the scam rate in crypto market like you ll do 1000 billion scam and have to give 10% to the scamers helper of U.S Securities and your money ll be white 😂.
(Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022)
I am one who lost $47k in $LUNC and in #Ustc Scam.
who ll refund to the traders.?? (These scamers and bribers or bribe takers??)
There should be a court for traders as well as
these scamers collecting money from our pocket and enjoying it on @Wars
Its all seems Ridiculous.
Thats why (U.S Securities) they ll never ever let the crypto be an asset like Gold, Or fiat.
$BTC $ETH #BTC☀
They both are scamers.
#U.S. fines (is bribed ) and claps to collect free money as already they did with #cz判罚 ,
This thing ll help to increase the scam rate in crypto market like you ll do 1000 billion scam and have to give 10% to the scamers helper of U.S Securities and your money ll be white 😂.
(Terraform Labs agreed to pay $4.47 billion in fines after reaching a settlement with the U.S. Securities and Exchange Commission over its algorithmic stablecoin that fell dramatically in 2022)
I am one who lost $47k in $LUNC and in #Ustc Scam.
who ll refund to the traders.?? (These scamers and bribers or bribe takers??)
There should be a court for traders as well as
these scamers collecting money from our pocket and enjoying it on @Wars
Its all seems Ridiculous.
Thats why (U.S Securities) they ll never ever let the crypto be an asset like Gold, Or fiat.
$BTC $ETH #BTC☀
##Market_Update
The cryptocurrency market is experiencing downtrends due to several key factors. Firstly, macroeconomic uncertainties, such as rising inflation and interest rates, are leading investors to move away from riskier assets like cryptocurrencies. Secondly, regulatory crackdowns in major markets like the #U.S. and #China are creating an environment of uncertainty, dampening investor confidence. Thirdly, large-scale liquidations and profit-taking by institutional investors are contributing to downward pressure. On the technical side, many cryptocurrencies have broken below key support levels, leading to increased selling. Moving averages (MAs) across multiple time frames are showing bearish crossovers, confirming the downward momentum. The Relative Strength Index (RSI) indicates oversold conditions but hasn't triggered significant buying interest. Additionally, lower trading volumes reflect reduced market participation, exacerbating price declines. Overall, a combination of macroeconomic pressures, regulatory issues, and negative technical indicators are driving the current bearish trends in the cryptocurrency market.
#Marketsentimentstoday #altcoins
The cryptocurrency market is experiencing downtrends due to several key factors. Firstly, macroeconomic uncertainties, such as rising inflation and interest rates, are leading investors to move away from riskier assets like cryptocurrencies. Secondly, regulatory crackdowns in major markets like the #U.S. and #China are creating an environment of uncertainty, dampening investor confidence. Thirdly, large-scale liquidations and profit-taking by institutional investors are contributing to downward pressure. On the technical side, many cryptocurrencies have broken below key support levels, leading to increased selling. Moving averages (MAs) across multiple time frames are showing bearish crossovers, confirming the downward momentum. The Relative Strength Index (RSI) indicates oversold conditions but hasn't triggered significant buying interest. Additionally, lower trading volumes reflect reduced market participation, exacerbating price declines. Overall, a combination of macroeconomic pressures, regulatory issues, and negative technical indicators are driving the current bearish trends in the cryptocurrency market.
#Marketsentimentstoday #altcoins