Bitcoin, ether and crypto-related stocks saw sharp selloffs this week over growing concerns about the health of the U.S. economy.Marathon DigitalThe industrywide selloff reflected growing concerns about the health of the U.S. economy and tracked a broader decline in prices of, a gauge of crypto market sentiment, is firmly in the"Extreme Fear" zone, indicating that investors are worried about price moves.worst day in over four months"The recent U.S.
The total market cap of crypto is down close to 30% from its 2024 peak of $2.67 trillion, and is now at $1.9 trillion. Altcoins like Solana'sWhile it was a rough week for risky assets of all sorts, investors over-indexed in crypto stocks had it particularly bad.over whether the exchange engages in unregistered sales of securities, plummeted 20% to its lowest since February.
Looser monetary policy is typically a good thing for risky assets like crypto, which tend to see more investor inflows when borrowing costs drop. The latest read on inflation comes Wednesday with August's Consumer Price Index. The readout is another key metric the Fed will consider ahead of its September meeting.
The U.S. presidential debate on Tuesday might also prove a price driver in the crypto markets. Republican nominee Donald Trump hasa potential second Trump presidency as a catalyst for the industry, in part because he has vowed to remove SEC ChairRoblox will let developers sell games for real money, not just virtual currency
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Source: CoinDesk - 🏆 291. / 63 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »