Crypto market bleeds despite rate cuts, US-China trade negotiations

💡 DMK Insight

Crypto prices are still struggling, and here’s why that matters: macroeconomic and geopolitical tensions are overshadowing any positive news like interest rate cuts. Traders should keep an eye on how these external factors are influencing market sentiment. Even with potential rate cuts, which typically boost risk assets, the prevailing uncertainty is keeping buyers on the sidelines. This could lead to further consolidation in crypto prices as traders await clearer signals. If the geopolitical landscape worsens or economic indicators falter, we might see a deeper pullback, especially if Bitcoin and Ethereum can’t hold key support levels. On the flip side, if any resolution in these uncertainties occurs, it could trigger a rapid rebound. So, watch for any shifts in macro data or geopolitical developments that could change the narrative. For now, it’s crucial to monitor the 24-hour trading volume and sentiment indicators to gauge potential reversals or continued weakness.