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)
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