- The total cryptocurrency market capitalization fell by more than $200 billion in less than a month, a decline of about 7%.
- U.S. spot Bitcoin ETFs saw about $636 million in net outflows in a single day, while spot Ether ETFs also lost about $111 million.
- The market is focused on the Federal Reserve’s FOMC, with easing concerns over the interest-rate path and a recovery in ETF buying seen as key to any rebound.
Forecast Trend Report by Period
A fresh chill is blowing through the cryptocurrency market. Hopes had risen that a recent price rebound would help digital assets emerge from crypto winter, but more than $200 billion in market capitalization has disappeared in less than…
