-0.18%
Trader sentiment has turned bearish following Bitcoin’s (BTC) 11% slump this week. Although Bitcoin is taking support near $25,000, several analysts are factoring in another leg down toward the crucial $20,000 level.
The weakness is not limited to the cryptocurrency markets alone. United States equities markets also witnessed a losing week. The S&P 500 Index fell 2.1%, and the Nasdaq Composite dropped about 2.6%, with both indexes recording a three-week losing streak. This suggests that traders are in a risk-off mode in the near term.
Crypto market data daily view. Source: Coin360BTC/USDT daily chart. Source: TradingViewBTC/USDT 4-hour chart. Source: TradingViewHBAR/USDT daily chart. Source: TradingViewHBAR/USDT 4-hour chart. Source: TradingViewOP/USDT daily chart. Source: TradingViewOP/USDT 4-hour chart. Source: TradingViewINJ/USDT daily chart. Source: TradingViewINJ/USDT 4-hour chart. Source: TradingViewRUNE/USDT daily chart. Source: TradingViewRUNE/USDT 4-hour chart. Source: TradingView
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