【Cryptocurrency Market】
【GM☀—Monday—10.15】
#二级 The cryptocurrency market continues to decline, with a total market value of approximately $3.2 trillion, down 1.57%-2.33% in 24 hours.
Bitcoin (BTC) is around $88,000-88,290, down 2.17%-2.33%; Ethereum (ETH) is around $3,067-3,110, down 0.97%-1.55%.
Major coins are broadly down, with a trading volume of 5-6.5 billion, low activity, and a fear and greed index of 10 (extreme fear).
Why the sudden drop: Expectations for a BOJ interest rate hike (76% probability) have pushed Japanese bond yields to 1.84% (the highest since 2008), triggering global liquidity concerns and risk asset sell-offs; combined with profit-taking and ETF outflows, erasing hundreds of billions in market value.
Trend: Short-term bearish decline, BTC testing the $88,000 support, may oversell and rebound to $90,000; long-term bull market continues, with a historical average increase of 9.7% in December.
$BTC