Crypto market wobbles as investors ignore good news, look for the ‘exit ramp’: Crypto Daybook Americas

The cryptocurrency market, led by Bitcoin's potential fourth straight weekly decline, is currently dominated by fear, according to Bitwise research. Danny Nelson of Bitwise noted that in this environment, good news fails to register, and investors are actively seeking an "exit ramp." This sentiment was evidenced by the market giving back gains following BlackRock's announcement that its tokenized U.S. treasury fund would trade on Uniswap. Macro factors, including revised expectations for interest rate cuts following strong U.S. payroll data and uncertainty surrounding a potential government shutdown, are adding to market volatility. Key upcoming events include the release of U.S. inflation figures (CPI) for January, which are forecast to show 2.5% year-over-year inflation. Technically, Bitcoin is pressured below the 200-week exponential moving average, a breach of which historically signals a significant capitulation move.

(Source：CoinDesk)