On Thin Ice: Crypto Daybook Americas
Crypto markets remain somber with bearish projections as Bitcoin stalls near $87,000, though ETF dumping has paused.Summary
The crypto market sentiment is somber, characterized by bearish analyst projections and price weakness, with Bitcoin's bounce near $87,000 stalling and major altcoins hovering near Monday's lows. Despite this, U.S. spot ETFs saw a modest $8.48 million inflow on Monday, extending a three-day streak, though cumulative inflows are still far below previous levels. Analysts suggest caution, noting a dangerous lull following downward momentum, with focus on whether bulls can defend the $2.83 trillion market cap support level. Separately, some observers dismissed panic over potential interest rate hikes in Japan, predicting a return to Yield Curve Control. Kaspa's native token (KAS) showed strength, rising 8% last month due to verified programmability features. The report also details upcoming crypto events, macro news including Fed speeches, market movements, and technical analysis showing a rise in Bitfinex BTC/USD long positions.
(Source：CoinDesk)