On May 28, major cryptocurrencies Bitcoin (BTC) and USD Coin (USDC) experienced significant net outflows of approximately $200 million and $184 million respectively, signaling a risk-off sentiment in the crypto market. Ethereum (ETH) also saw a net outflow of about $83 million, while other tokens like XRP and RLUSD faced declines. However, some smaller tokens such as Stellar (XLM), Uniswap (UNI), and Tether Gold (XAUT) attracted selective inflows, indicating a rotation toward defensive or niche assets. This trend suggests investors are de-risking broadly across major and mid-cap cryptocurrencies, which could weigh on overall market sentiment if sustained.
Ethereum dropped below $2,000 following US airstrikes on Iran, causing a $1 billion forced liquidation in crypto markets and a sharp price decline. Market sentiment turned bearish with a 63% chance ETH could fall to $1,500, while ETFs saw $500 millio...
Fund manager Michael Kramer warns that upcoming U.S. Treasury operations from May 28 to June 5 could drain about $150 billion in liquidity from the financial system. This liquidity drain may deepen Bitcoin's ongoing selloff, which has already seen an...
Bitcoin's price fell below $73,000 following US airstrikes on Iran, causing nearly $1 billion in cryptocurrency liquidations. This geopolitical event has increased market volatility and lowered short-term confidence in Bitcoin staying above $70,000 b...
BlackRock's ETF sold $527.8 million worth of Bitcoin, signaling a negative market reaction and reducing confidence in Bitcoin prices exceeding $74,000 by May 28. This large sale by a major institutional player suggests a potential downward pressure o...
Pepe Coin (PEPE) maintained its support level near $0.00000359 despite Bitcoin falling below $75,000, outperforming many meme coins during a broader market decline. The crypto market faced pressure from weak investor sentiment, ETF outflows, and geop...
