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Bitcoin and Ethereum traded near $76,700 and $2,090 respectively as traders remained defensive amid a cautious consolidation phase. Major altcoins saw corrections, with some experiencing minor gains. The global crypto market capitalization edged down, reflect…
Bitcoin traded near the $76,700 mark and Ethereum near the $2,090 mark on Tuesday as traders remained defensive and rebounded from the recent lows. The cryptocurrencies were trading at $76,706 and $2… [+3358 chars]
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Some leveraged funds have been redeeming shares of spot Bitcoin ETFs as part of an arbitrage strategy that involves trading against Bitcoin futures.
Outflows are attributed to a combination of mechanical factors like leveraged fund arbitrage, capital rotation into tech equities, and broader macroeconomic uncertainty.
No, the market is also influenced by geopolitical conflicts, inflation data, interest rate expectations, and shifts in investor risk appetite toward assets like AI equities.