⚠️✴️ #BTC #crypto #bitcoin
🐻 Friday the 13th in the crypto market!
It seems today’s date is fully living up to its reputation.
$BTC has dropped below $68,000, $ETH is trading near $1,900, and the crypto market has shed approximately $550 billion in capitalization since the beginning of October.
What’s happening?
📉 U.S. inflation has come in higher than expected, leading investors to revise their forecasts regarding Federal Reserve interest rates.
💸 Outflows from cryptocurrency ETFs continue. In November, nearly $2 billion has been pulled from Bitcoin funds, and about $700 million from Ether funds.
Amid the decline, approximately $750 million worth of positions have been liquidated over the past 24 hours.
🐻 Friday the 13th in the crypto market!
It seems today’s date is fully living up to its reputation.
$BTC has dropped below $68,000, $ETH is trading near $1,900, and the crypto market has shed approximately $550 billion in capitalization since the beginning of October.
What’s happening?
📉 U.S. inflation has come in higher than expected, leading investors to revise their forecasts regarding Federal Reserve interest rates.
💸 Outflows from cryptocurrency ETFs continue. In November, nearly $2 billion has been pulled from Bitcoin funds, and about $700 million from Ether funds.
Amid the decline, approximately $750 million worth of positions have been liquidated over the past 24 hours.
