WazirX on Crypto's Inflation, ETF and Nvidia Headwinds
Mumbai (Maharashtra) [India], November 13: Crypto markets weakened over the week as inflation concerns, rising bond yields and sustained ETF withdrawals outweighed early support from recovering equities and lower energy prices. In the supplied weekly snapshot, Bitcoin fell approximately 5.5%, from USD 74,979 to USD 70,880, while Ethereum declined around 5.4%, from USD 2,124 to USD 2,010. Both approached important support regions, with stretched selling momentum creating scope for temporary rebounds but offering no confirmation of a sustained recovery.
Mumbai (Maharashtra) [India], November 13: Crypto markets weakened over the week as inflation concerns, rising bond yields and sustained ETF withdrawals outweighed early support from recovering equities and lower energy prices. In the supplied weekly snapshot, Bitcoin fell approximately 5.5%, from USD 74,979 to USD 70,880, while Ethereum declined around 5.4%, from USD 2,124 to USD 2,010. Both approached important support regions, with stretched selling momentum creating scope for temporary rebounds but offering no confirmation of a sustained recovery.
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