cryptocurrency market
Crypto market remains under pressure following the Fed’s decision and weak inflows into ETFs
The cryptocurrency market is ending the week on a cautious note: Bitcoin is holding steady near $62,500–63,000, Ethereum is around $1,700, and the total market capitalization remains in the range of $2.15–2.24 trillion.
Crypto market ends week in sideways trend following sell-off and outflows from ETFs
According to data from Fixygen.ua, the cryptocurrency market is ending the week with a cautious recovery following the sharp decline in early June, while investors continue to withdraw funds from crypto funds and spot Bitcoin ETFs, market data shows.
Weekly crypto market analysis from Fixygen
According to Fixygen, the crypto market spent the week in a mode of restrained correction and sideways movement. Bitcoin fell by approximately 1.9% over the period, from $68,978 to $67,700, maintaining a trading range of $65,740-70,167. Ethereum fell by approximately 2.0% over the same week, from $1,998.79 to $1,957.86, with a range of $1,907.76-2,037.08.