The total market capitalization dropped by 2% to 3.30 trillion USD. Bitcoin’s decline of 1.5% to 102,000 USD indicates a potential correction after a significant rally.
The market sentiment index decreased from 73 to 70 but remains high, reflecting a positive investor sentiment. Retail investor activity is picking up, suggesting a potential resurgence in confidence.
UBS clients are moving investments away from dollar assets toward gold, cryptocurrencies, and the Chinese market due to geopolitical uncertainty. Tether bought 4,812 BTC worth over 458 million USD for a SPAC merger.
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