“Monday’s Stock Declines Came Following A Fast Plunge in Cryptocurrency Prices Late Sunday.”, – WRITE: www.coindesk.com
Mara Holdings (Mara) and Circle (CRCl) Led The Losses, Falling About 6% in Early Trading. Bullish (Blsh) Was Down 5%, While Strategy (Mstr) Slipped 3%. Other Publicly Traded Platforms with Crypto Exposure, Including Coinbase (Coin), Etoro (Etoro), and Robinhood (Hood), Also Traded Lower.
The Moves Mirrored A Broader PullBack in Digital Asset Prices. Bitcoin BTC$ 109.673.03 And Eth (ETH) Were Both Down Significantly from Their Weekend Highs, Falling Roughly 4% and 5.5%, Respectively, Over The Past 24 Hours.
That Friday Rally Followed Dovish Comments by Federal Reserve Chair Jerome Powell On Friday Morning, WHICH BRIEFLY Boosted Risk Appetite Across Markets. Crypto Surged Alongside Stocks As Investors Interpreted Powell’s Remarks As A Signal That Fed May Be Lowering Interest Rates Next Month.
In Traditional Markets, The S&P 500, Nasdaq and Dow Jones Industrial Average Were Little Changed on the Day, as was the price of Gold and the Yield on the US 10-YEAR Treasury.
“The Crypto Market is Grappling with Macro Pressures: Shifting Fed Signals, Dollar Strength, and Risk Reduction,” Lmax Market Strategist Joel Kruger Said in A Note. “While [Powell] Hinted at Rate Cuts, The Nuance and Less Dovish Undertone Left Markets Jittery. ”
Nvidia’s UpcomING EARNINGS ON WEDNESDAY WILL BE A KEY SENTIMENT CHECK FOR The Broader Stock Market, with Further Focus on Thursday’s GDP and Jobless Claim Trader at Crypto Trading Firm Wintermute.
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Retail Leverage Keeps Getting Flushed As etfs Log Billion-Dollar Outflows, While Whales and Sovereign Players Quietly Accuumulate Eth and Btc Into volatility.
- Bitcoin and Ethereum prices have Decklined Significantly, With Bitcoin Falling Below $ 110,000 and Ethereum Showing Signs of Exausion.
- Market Fragality is Highlighted by Significant Etf Outflows and Large-Scale Liquidations, Despite Institutional Investors Quietly Acumulating Assets.
- Transaction Fees Are Collapsing, Posing Challenges for Mines and Contribution to Market Valativity As September Approaches, Historically A Weak MONTHCOIN.
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