The crypto market remained in a downtrend on Thursday, dropping nearly 3% to $2.35 trillion due to a confluence of macroeconomic uncertainty and geopolitical tensions that spooked investors.
Summary
- The latest FOMC minutes report has cast uncertainty regarding rate cuts hurting risk-on sentiment.
- Fears of a full-blown US-Iran war have pushed investors to the sidelines.
- Crypto ETFs recorded billions in outflows over the past weeks.
Bitcoin (BTC), the world’s largest crypto asset, fell 3.5% to around $65,900 before experiencing a partial recovery back above $66,700 at press time. Ethereum (ETH) was down 1.6% after losing the $2,000 key support level, while other…
