crypto weakness
Citi has indicated that the recent weakness in cryptocurrency markets is due to declining flows into exchange-traded funds (ETFs) and a diminishing appetite for risk among investors. This downturn reflects a broader trend as enthusiasm for cryptocurrencies wanes in light of changing market conditions. The bank’s analysis points to reduced investments in ETFs that typically have supported digital asset prices. Additionally, the overall investor sentiment appears to be shifting, leading to a cautious approach toward riskier assets like cryptocurrencies. This sentiment shift may be contributing further to the challenges faced by the crypto market.
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