Major digital assets experienced losses amidst ongoing market uncertainty. Bitcoin (BTC) declined by 1.28%, trading around $112,864 after briefly dipping to a session low near $112,584. Similarly, Ethereum (ETH) faced steeper declines, dropping 3.73% to approximately $3,425, following a dip to $3,414 earlier.
Analysts attribute the market decline to persistent investor uncertainty driven by lackluster signs of near-term stabilization. Persistent market volatility and a pronounced reluctance among investors to commit capital characterized the environment.
Market observers specifically highlight the absence of clear indicators pointing towards an imminent recovery. Given the turbulent conditions, investors are advised to exercise caution and continuously monitor developments from reliable information sources.