Cryptocurrency markets have experienced great fluctuations in recent days. Bitcoin lost significant value after the US government made a large transfer, sparking concerns among investors. The price of BTC fell by 5% in the last 24 hours, but there was a slight recovery later and at the time of writing it was trading around $66,550.
Ether (ETH) followed a similar trend. Large outflows from Grayscale Ethereum Trust resulted in negative net flows in spot ETH ETFs. These ETFs go through a rough patch in their first few weeks on the market. However, they still maintain their position as a major player in the crypto asset market.
On the other hand, former US President Donald Trump's promises regarding cryptocurrencies attract attention in the market. Trump has promised to introduce crypto-friendly regulations depending on the upcoming presidential elections. These remarks create uncertainty among investors about the future of crypto markets and could have a potential impact on the markets.
The cryptocurrency market continues to fluctuate under the influence of government policies and global economic factors. Investors should continue to be wary of such volatility and follow market developments closely.
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