Exchange Ventures: Market sentiment remains weak, while the development of stablecoin payments and RWA infrastructure is accelerating
According to news from ChainCatcher, the latest weekly report by a certain exchange’s Ventures shows that market risk appetite remains under pressure, resulting in an overall correction in the crypto market. BTC dropped 3.7% over the week, ETH declined by 1.2%, and the total cryptocurrency market capitalization fell by 3.1%. The Fear & Greed Index remains in the “Extreme Fear” range. On the capital side, digital asset investment products continue with net outflows. Spot BTC ETFs saw a single-week net outflow of 226.8 million USD, while spot ETH ETFs recorded a net outflow of 10 million USD, reflecting sustained market caution. At the same time, STRC under Strategy has traded below par for the fifth consecutive week, with the market continuing to watch its subsequent capital operations and room for yield adjustments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TotalEnergies says Iran war could accelerate energy transition
New Token Issuance for This Altcoin Could Drop by 36 Percent: Critical Vote Passes
US October ISM Manufacturing Index Expands Beyond Expectations, Output Growth Hits Strongest Level in Nearly Five Years
The Manufacturing Purchasing Managers' Index (PMI) released by the Institute for Supply Management (ISM) in the United States rose by 1 point in October to reach 55.5, marking the second highest reading in more than four years and exceeding the market expectation of 54.7. The production index recorded its best performance since the end of 2021, while the new orders index, a key indicator of demand, also reached its highest level since July.
Crypto prices
More
