Crypto Markets Dip Amid Geopolitical Tensions and Regulatory Uncertainty
The cryptocurrency market capitalization fell 0.8% to $3.05 trillion, with 93 of the top 100 coins declining. Bitcoin slipped 0.7% to $87,860 while Ethereum dropped 1.5% to $2,890, testing critical support levels.
Macroeconomic headwinds and geopolitical instability triggered $550 million in liquidations. Market sentiment remains firmly in 'fear' territory as traders await clearer signals from regulators and institutions.
Notably, US spot BTC and ETH ETFs saw $103.57 million and $41.74 million in outflows respectively, reflecting short-term risk aversion. Meanwhile, Japan's potential approval of spot crypto ETFs by 2028 suggests longer-term institutional pathways remain intact.