Post
The week started badly for cryptocurrencies, with Bitcoin falling below 95,000 $ on Monday, remaining below 100,000 $ on Tuesday, registering a 2% drop over 24 hours. Altcoins suffered heavier losses, such as XRP (-10%) and Dogecoin (-7.7%).
Despite a spike in declines reaching 20% over 24 hours for some tokens, the losses have partially offset themselves. The total market capitalization fell by 6.6%, marking the worst decline in two months, accentuated by massive liquidations (1.38 billion $ in long positions).
However, Bitcoin spot ETFs attracted 500 million $ on Monday, showing sustained interest. Investors remain cautious ahead of the release of US inflation data tomorrow, which could influence Fed expectations. A general hesitation is likely to persist, leaving room for opportunities if the CPI is supportive.
{spot}(BTCUSDT)
Despite a spike in declines reaching 20% over 24 hours for some tokens, the losses have partially offset themselves. The total market capitalization fell by 6.6%, marking the worst decline in two months, accentuated by massive liquidations (1.38 billion $ in long positions).
However, Bitcoin spot ETFs attracted 500 million $ on Monday, showing sustained interest. Investors remain cautious ahead of the release of US inflation data tomorrow, which could influence Fed expectations. A general hesitation is likely to persist, leaving room for opportunities if the CPI is supportive.
{spot}(BTCUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.