đ Market & Price Moves
Bitcoin BTC has continued its recent slide, trading lower and heading for a multi day losing streak amid broader risk off sentiment after strong U.S. economic data dampened hopes for early interest rate cuts.BTC dipped toward the mid $60,000s with pressure from equities and risk markets.
Other major markets are also under pressure:
âą BNB is down 3% with over $1.6 B in 24 h volume. XRP is trading lower with short term bearish outlooks though some analysts still see medium to long term upside if regulatory bills pass.
đșđž Regulation & Policy Developments
A key U.S. Senate Democrat is pushing for accelerated movement on a crypto regulatory bill and the SEC chief has warned that failure to agree could be detrimental reflecting growing political focus on clarifying rules around digital assets.
đ Market Sentiment & Trading
Crypto trading volumes and sentiment remain weak as the bear market impacts platforms like Coinbase and Robinhood with volumes dropping alongside price declines.