Forexlive analyst: Cryptocurrency is under selling pressure, beware of spreading to broader risk transactions

Odaily News Bitcoin turned down during the day. Adam Button, an analyst at the financial website Forexlive, said: This is now a sentiment-driven market, and Bitcoin has always been a good forerunner of market sentiment, so I have been paying close attention to it. In the past 30 minutes or so, Bitcoin has fallen by $1,000. Ethereum also fell 3%, giving up all of yesterdays gains. The performance of US spot ETFs since their launch has been a disaster. Given these trends, I will be cautious about the Nasdaq index and broader risk trading.