Bloomberg: The top 100 digital asset-related indices recorded the second largest weekly decline this year
Bloomberg reported that due to the cooling demand for Bitcoin spot ETFs and uncertainty in monetary policy, the digital asset market experienced its second largest weekly decline since 2024. Data shows that in the past seven days ending last Sunday, an index covering the top 100 digital assets by market value fell about 5%, which is the biggest drop since April this year. Affected by six consecutive days of capital outflows from US Bitcoin spot ETFs, Bitcoin fell below $63,000 on Monday, a low point for more than a month. David Lawant, Director of Research at FalconX wrote in a report that current crypto market dynamics are "characterized by low volatility and weak trading volume; when prices start to move towards range edges, order books become unbalanced."
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