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esmeralda
@esmeralda
Why is the crypto market down today? The total cryptocurrency market capitalization dropped by over 2.4% to $2.02 trillion on Oct. 10, driven by a higher-than-expected Consumer Price Index (CPI) report and a strengthening US dollar. The CPI increase led to reduced expectations of a November interest rate cut by the Federal Reserve. Spot trading volumes on centralized exchanges fell to their lowest since June 2024, while derivatives volumes also declined. Bitcoin ETFs saw continued outflows amid rising dollar strength, signaling lower investor risk appetite and contributing to market weakness.
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airdap 🐹 🎭
@airdap
148 $DEGEN
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