Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Bloomberg: Top 100 digital asset-related indexes record second-largest weekly decline of the year

Odaily2024/06/24 05:51
By:Odaily
Odaily News The digital asset market saw its second-largest weekly drop since 2024 as demand for bitcoin spot ETFs cooled and monetary policy uncertainty loomed. Data showed that the index covering the top 100 digital assets by market value fell about 5% in the seven days ending last Sunday, the biggest drop since April this year. Affected by six consecutive days of outflows from the U.S. bitcoin spot ETF, Bitcoin fell below $63,000 on Monday, the lowest level in more than a month. David Lawant, head of research at FalconX, wrote in a report that the current crypto market dynamics are characterized by low volatility, weak trading volume, and unbalanced order books when prices begin to move toward the edge of the range. (Bloomberg)
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
CEC, QTLX, GDV and other popular new coins are in hot progress!
Stake now!

You may also like

SEC greenlights listing and trading options for BlackRock's spot bitcoin ETF

The SEC approved spot bitcoin ETFs earlier this year, but had not yet approved listing and trading for options on those products.

The Block2024/09/20 21:27