Crypto market cap is down 2.3% on Wednesday morning (UTC);
64 of the top 100 coins and 7 of the top 10 coins have decreased;
BTC decreased by 2.9% to $76,415, and ETH fell 1.7% to $2,281;
‘Across markets, the common theme this week is not direction, but compression’;
‘Time is being compressed rather than trend resolved’;
GameStop liquidation hasn’t been confirmed, but its latest move alone was enough to spark market speculation;
Altcoins remain range-bound with declining volatility;
‘For crypto investors, this is a phase that rewards discipline over prediction’;
Michael Burry argued that BTC’s falls could trigger a $1 billion sell-off in gold and silver;
Cathie Wood’s Ark Invest kept buying during the market downturn;
Tom Lee pushed back on criticism of Bitmine’s ETH treasury strategy;
US spot BTC ETFs saw outflows of $272.02 million, spot ETH ETFs posted inflows of $14.06 million;
Crypto market sentiment drops to the lowest level in two months.
