Core Viewpoint - The cryptocurrency market continues to decline, with significant drops in various cryptocurrency ETFs, indicating a loss of momentum and support that had previously driven prices higher [1] Market Performance - As of the latest report, major cryptocurrency ETFs such as Bosera Ethereum (03009) fell by 5.7% to HKD 2.18, Huaxia Ethereum (03046) dropped 5.56% to HKD 6.79, and both Jiashi Bitcoin (03439) and Huaxia Bitcoin (03042) decreased by 5.56% and 5.5% respectively, with prices at HKD 10.71 and HKD 10.65 [1] - Bitcoin experienced a significant decline, dropping over 4% and falling below USD 87,000 for the first time since April, reflecting a broader market weakness [1] Market Dynamics - The recent downturn in the cryptocurrency market is attributed to a new wave of risk aversion and sell-offs in technology stocks, leading to the exit of major support players such as large investment funds and ETF allocators [1] - The withdrawal of institutional support, which had previously bolstered prices, has triggered a new phase of market vulnerability, making it more susceptible to selling pressure and volatility [1] External Influences - Analysts suggest that macroeconomic signals have acted as a catalyst for the current market conditions, with institutional allocations and spot ETF inflows that had supported prices in the first half of the year now rapidly retreating as the sentiment shifts to a defensive stance [1]
加密货币ETF再度下跌 比特币市场遭新一轮避险情绪与科技股抛售拖累
Zhi Tong Cai Jing·2025-11-21 01:49