Bitcoin, Ethereum Slide Amid Risk-Off Sentiment
Cryptocurrencies faced a rough week from Nov 10 to Nov 14, as global risk-off sentiment drove sharp declines in major digital assets.
Bitcoin opened the week near US$106,000 but fell below US$96,000 by Nov 14, marking its lowest level in over six months. The drop came as a hawkish shift from the Federal Reserve dashed hopes of a near-term rate cut, triggering a broad retreat in speculative assets.
Ethereum followed a similar trajectory, though less dramatically. Trading around US$3,567 on Nov 10, Ethereum slipped to roughly US$3,113 by week’s end, shedding over 10%. Despite resilient on-chain activity and ongoing institutional interest, macro headwinds outweighed fundamentals.
Key takeaway: Macro cues, not crypto-specific…
