Crypto News

Despite the short-term rebound, market structure and on-chain data do not yet confirm the formation of a sustained uptrend, according to CryptoQuant.

Bitcoin remains vulnerable to further declines, as a solid bottom has yet to be established, according to Wintermute. There is still insufficient demand from large investors for the leading cryptocurrency, amid capital outflows from spot Bitcoin ETFs.

Bitwise believes that Bitcoin’s recent decline reflects broader trends in financial markets and is not solely attributable to issues within the crypto industry. BTC may react to changes in global financial market conditions sooner than traditional assets.

Investor sentiment towards Ethereum has turned sharply negative on social…