Recently, the Crypto Assets market has been under continuous pressure, with Bitcoin's price falling below $113,000, a decline of 2.01% within 24 hours. This significant drop has intensified the market's fear sentiment, leading most investors to adopt a wait-and-see attitude. Meanwhile, Ethereum has also not been spared, with its price falling below $3,600, further confirming the overall weakness of the current Crypto Assets market.



Analysis indicates that the likelihood of a market rebound in the short term is low, and investors should remain cautious. However, it is worth noting that discussions in Brazil regarding Bitcoin reserves may bring new variables to the market. This policy discussion could potentially become a turning point to reverse the current market slump.

In this context, some large investors may choose to increase their short positions to cope with the potential risk of further falls. However, for ordinary investors, it is still necessary to comprehensively assess the market situation and weigh the risks and opportunities before making any investment decisions.

Overall, the current crypto assets market is at a critical turning point. Investors should closely monitor the global macroeconomic situation, changes in regulatory policies, and the movements of institutional investors, as these factors may have a significant impact on future market trends.
BTC0.69%
ETH2.3%
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TokenEconomistvip
· 08-05 16:51
Market seems bearish now.
Reply0
0xSleepDeprivedvip
· 08-05 16:50
buy the dip countdown begins
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CryptoTarotReadervip
· 08-05 16:45
Continue to hold and not waver
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AirdropFreedomvip
· 08-05 16:44
Patiently waiting for Airdrop season
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SignatureAnxietyvip
· 08-05 16:36
trapped again
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