Bitcoin and the broader cryptocurrency market extended the losses on Monday as investors’ reaction to the renewal of the macroeconomic risks, and a sharp sale in technology shares, and This is the prominent stock exchange.
The world’s largest cryptocurrency has slipped by 5 % to $ 91,000, which represents its lowest level since February 3, while ETHEREUM decreased by 11 % to $ 2,500, according to CONINECKO data.
The sale process coincided with the decline in shares in the United States, especially in the technology sector, where the Nasdaq compound decreased by more than 1 %, worried by concerns about the demand for artificial intelligence and profits coming from the NVIDIA Meanwhile, the S& P 500 index fell to a third consecutive session, reflecting broader spirits in the financial markets.
Macro risks and induction uncertainty
In addition to the investor concern, US President Donald Trump stressed that the planned definitions of Canadian and Mexican imports will move forward, indicating fears of inflationary pressures and economic growth.
US Treasury revenues fell on Monday, indicating some re -evaluation of inflation, but uncertainty about monetary policy and geopolitical developments kept investors cautious.
Behind the total factors, the encryption markets have also been subjected to industry risk. The last bybit penetration, which witnessed more than $ 1.4 billion in ETH and Steth drained from the Excination’s Hot Ballet on Friday, further. Safety breach lured investor fears about the scars on the stock exchange, especially after FTX collapsed in 2022.
Bybit suffers from the date of historical encryption of $ 1.5 billion, and the market confidence is shaken
This accident is one of the largest digital robbery so far.
The summons positions also exacerbate the shrinkage. More than 686 million dollars have been filtered from the encrypted situations that have been ranked over the past 24 hours, according to data from Coinglass. Forced excessive sale, which leads to more clear decreases across the main digital assets.
Solana and the broader of the wider encryption market
Between the main cryptocurrencies, Solana (Sol) He suffered from a sharp decrease, a 10 % decrease in the past 24 hours and 41 % during the past month. The sale follows concerns about opening the distinctive symbol in March and an increase of 30 % in the Solana inflation rate due to the recent SIMD-96, which modified the network fee structure. At $ 140, Seoul has now surrendered after the election gains.
Bern Analyst Valentin Forenena pointed out that Bitcoin’s performance amid market tensions and negative news about state reserves only highlights the flexibility: “The delay in adopting the Bitcoin Reserve represents a long-term opportunity-eventually acceptable.”
The analyst added: “We maintain a bullish position on encryption, and we recommend staying in an intense investor. Solana, in particular, stands out as a high play, with the possibility to achieve great gains in the next bounce.”
