Investors experience intense uncertainty and fear in the market. This can also be interpreted as a potential bottom signal, but it's not enough for a buying decision alone.
• The Fed's monetary policy and interest rate decisions directly affect the crypto risk appetite. Strong macro data creates selling pressure on risky assets.
• The Bitcoin & altcoin reserve plan and possible regulatory framework, which came to the fore in the past, may affect market reversals are still under discussion.
👉 In summary: Regulation is not clear, but regulation uncertainty in the USA increases volatility.
Cango sold 4 451 BTC – U.S.-listed Bitcoin mining company Cango sold about 4,451 BTC (≈ $305 million) in the market. This sale reduced Bitcoin reserves by 60%
#Bitcoin is in a bearish trend – While the general selling pressure in the crypto market continues in recent days, the price of Bitcoin is also downward. Some news sources call this period "crypto winter".