"Bitcoin fell below USD 112,000 on Tuesday and could remain under pressure after the recent volatility triggered by renewed US-China tariff tensions. Traders remain cautious despite hopes of trade talks between the two nations. The market could also react to the Federal Reserve Chair Jerome Powell's upcoming remarks, which could offer fresh clues on the central bank's policy outlook. The volatility follows a large liquidation on Friday, with more than USD 19 billion in positions wiped out."
"The magnitude of forced unwinds has left market participants on edge, with both new and seasoned investors reassessing short-term risk exposure. Institutional flows mirrored the risk-off mood. US spot Bitcoin and Ether ETFs posted an increase in outflows on Monday. The wave of redemptions underscores the fragile sentiment dominating crypto markets as investors await Powell's comments for direction. While dovish remarks could provide temporary support for the cryptocurrency, a cautious tone could further intensify selling pressure."
Bitcoin fell below USD 112,000 and faces continued downside risk after volatility linked to renewed US-China tariff tensions. Traders are cautious despite hopes for trade talks, reducing risk appetite. Market participants await Federal Reserve Chair Jerome Powell's upcoming remarks for policy clues that could influence crypto prices. The recent volatility followed a large Friday liquidation that wiped out more than USD 19 billion in positions, forcing reassessments of short-term exposure among new and seasoned investors. Institutional flows reflected a risk-off stance, with US spot Bitcoin and Ether ETFs recording increased outflows and redemptions that signal fragile market sentiment.
Read at London Business News | Londonlovesbusiness.com
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