BTC falls below the 110,000 mark, market panic continues to spread!
As the "blowout" in the U.S. credit market drives an increase in risk-averse sentiment, and expectations for interest rate cuts by the Federal Reserve strengthen, spot gold has hit a historical high for the fourth consecutive trading day, soaring $115 in a single day to over $4300 per ounce. Against this backdrop, Bitcoin's "safe-haven attribute" has not manifested, showing a stronger correlation with U.S. tech stocks. Bitcoin broke below the 110,000 mark last night, continuing the crash that began on the weekend with a drop to 1011. In this regard, analysts at JPMorgan stated that the significant pullback in the crypto market last week, accompanied by large-scale liquidations, was likely driven by native cryptocurrency investors rather than institutional or retail ETF holders. #GT2025第三季度销毁完成 #GateFun社区上线 #抄底币种推荐 #十月加密市场预测 #BTC
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BigMingBrotherInThe
· 10-17 07:08
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BTC falls below the 110,000 mark, market panic continues to spread!
As the "blowout" in the U.S. credit market drives an increase in risk-averse sentiment, and expectations for interest rate cuts by the Federal Reserve strengthen, spot gold has hit a historical high for the fourth consecutive trading day, soaring $115 in a single day to over $4300 per ounce. Against this backdrop, Bitcoin's "safe-haven attribute" has not manifested, showing a stronger correlation with U.S. tech stocks. Bitcoin broke below the 110,000 mark last night, continuing the crash that began on the weekend with a drop to 1011. In this regard, analysts at JPMorgan stated that the significant pullback in the crypto market last week, accompanied by large-scale liquidations, was likely driven by native cryptocurrency investors rather than institutional or retail ETF holders.
#GT2025第三季度销毁完成 #GateFun社区上线 #抄底币种推荐 #十月加密市场预测 #BTC