ENFIELD
HACKNEY
HARINGEY
ISLINGTON
Market comments on behalf of Dat Tong Senior Financial Markets Strategist at Exness
Bitcoin fell below USD 112,000 on Tuesday and could remain under pressure after the recent volatility triggered by renewed U.S.-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.
Zaid Barem / ymm
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