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Bitcoin, Ether and other top 10 cryptocurrencies marked large losses as of Wednesday afternoon in Asia.Spot bitcoin ETFs saw the largest overall fund outflow since debut.Two experts pegged Solana fever as a factor behind the price drop.
Bitcoin bulls brace for macro turbulence with the BTC price correction passing $12,000 versus recent all-time highs.
The ETF’s record outflow day came as Bitcoin hit a U.S. trading day low of nearly $62,000 as it continues to slide after hitting a high last week.
“Everyone who wanted to buy into the halving mostly has,” said Capriole Fund founder Charles Edwards.
The SEC has continued to push back its decision on spot Ether ETFs while analysts have turned more pessimistic on approvals.
- 19:29Fed's Goolsbee: rates should fall sharply from current levels over the next yearFed's Goolsbee says interest rates should fall sharply from current levels over the next year.
- 19:09CRV price reached $0.8858 per coin, down -3.57% during the dayCurve price quote for today, CRV latest price fell to $0.8858, down -3.57%, with a trading volume of $1.208 billion From the analysis of the k-chart, we know that it is currently an uptrend. It is slightly up compared to 15:00 and down from 09:00. Market sentiment is high and trading volume and price are rising. The Williams Indicator points out that it is currently in the category of not overbought and oversold. Trading volume has increased recently, trading volume is higher than in the previous hours, price and volume are rising at the same time: active trading and strong upward momentum. Market sentiment is high but the price is falling, it may be a short-term retracement, it is recommended to wait and see, wait for the market to stabilise before making a decision. The above is for reference only and does not constitute investment advice.
- 19:08YGG price reaches $0.7338 per coin, up 3.54% intradayYield Guild Games latest price news, YGG real-time price rose 3.54% to $0.7338 with $174 million traded From the study of the k-chart, it is now a downtrend. Compared to 15:00 it is up more sharply, it has recovered from 13:00 and broke the high of 16:00. Rising prices but falling trading volumes usually indicate a weakening of upward momentum in the market and a reduction in the number of buyers. The rise in prices may have been caused by a lack of selling and is considered a ‘no volume rise’. In this case, prices may retrace or move sideways in the future. Because of the lack of volume, the price rise may be unsustainable, and there is a risk that the price will fall back from the high level. Investors should pay attention to whether the trading volume can keep up with the price rise and whether there is new buying intervention. Trading volume is decreasing and prices are rising. The Williams indicator suggests that it is now in a state where it is not overbought or oversold. The volume of trading has decreased recently, the trading volume is lower than in the previous hours, the price is rising and the trading volume is decreasing: the upward momentum is weakening. Upward momentum is weakening, it is recommended to wait and see, pay attention to changes in trading volume and new buyers to intervene. The above content is for reference only and does not constitute investment advice.