Bitcoin gave up ground on Wednesday, settling at $88,313 — a 4.6% decline on the day. Ethereum follows the same trend at $2,936. On the week, losses reach 7.3%, an alarming signal for investors. Traditional markets are also under pressure, with stock indices declining, amplifying wariness toward risk assets. This day marks a low point in an already volatile period, where overall sentiment leans toward caution.
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This pullback occurs in a tense macroeconomic context. Fears of interest rate hikes by central banks, particularly the US Federal Reserve, weigh on all asset classes. Bitcoin, often seen as a barometer of risk appetite, directly bears the brunt of these pressures. Trading volumes are rising, indicating that many investors are looking to unwind positions, anticipating further declines. Ethereum, though less affected in percentage terms, does not escape this dynamic.
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For crypto holders, this day is a brutal reminder of the market’s inherent volatility. The 7.3% weekly loss erases part of the gains accumulated since the start of the year. If the trend continues, the psychological threshold of $85,000 could be tested in the coming days. Investors will need to closely monitor upcoming economic announcements, as any sign of monetary tightening could intensify selling pressure.
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