Crypto Market Updates Local Lows
Crypto News
Demand in the BTC spot market is drying up, with additional pressure from stablecoin outflows from trading platforms. Uncertainty surrounding the Fed’s policy and the possible appointment of Kevin Warsh threaten to strengthen the dollar. This has a negative impact on risky assets, according to Arctic Digital.
There are no catalysts for growth in the crypto market, and selling pressure remains. In such conditions, Bitcoin risks falling to $56,000-58,000, according to Galaxy Digital.
The current crypto winter is closer to its end than its beginning, according to Bitwise. The crypto market is nearing the end of its decline phase, according to Compass Point. The base scenario assumes that BTC will bottom out in the…
