- CryptoBusy warns US Bitcoin and Ethereum ETF holders of sharp declines due to relentless 24/7 crypto trading.
- Continuous cryptocurrency trading poses unique challenges, causing significant ETF value fluctuations, says CryptoBusy.
- Rover suggests that emergency rate cuts or Fed liquidity injections could prevent the worst crypto crash.
Renowned analyst CryptoBusy has warned Bitcoin and Ethereum ETF holders in the United States. In a recent post on X, the analyst highlighted the ongoing turmoil in the crypto market, attributing the decline in ETF values to the relentless, around-the-clock trading of cryptocurrencies.
CryptoBusy issued a stark warning to investors, advising them to brace for possible market turbulence. The analyst highlighted that the US market will open in a few hours, potentially triggering another sell-off. This sentiment mirrors the broader anxiety among investors about the relentless volatility in the crypto market.
The constant trading activity has led to significant price fluctuations as the crypto market never sleeps. The global crypto market cap has dropped to $1.78 trillion, marking a 17.43% decrease in the past 24 hours. his round-the-clock trading environment creates additional volatility for investors holding Bitcoin and Ethereum ETFs.
In a post on X, crypto analyst Rover mentioned several scenarios, including emergency interest rate cuts or Federal Reserve liquidity injections. Should they emerge, such interventions could impact the direction of the market, which may help avoid putting the current slump as the worst crash in crypto history.
As of press time, Bitcoin currently stands at $52,789, marking a significant drop of 12.93% in the last 24 hours. Ethereum is priced at $2,323, experiencing an even steeper decline of 20.12% in the previous 24 hours and a 31.40% drop over the past week.
Ethereum’s Downtrend Mirrors Bitcoin’s 2020 Rise: An AnalysisThe analyst’s advice is timely because cryptocurrency markets are currently volatile. Due to their volatility, market sentiments and external economic factors have greatly impacted Bitcoin and Ethereum’s movement recently. Since cryptocurrencies are traded continuously, it is possible that a particular movement can have a ripple effect on the respective ETFs.
The high volatility of cryptocurrencies, along with their constant trading activity, makes it difficult for ETF owners. The concerns expressed by the analysts are relevant suggestions for paying extra attention to the market environment and adjusting the investment plans in response. The upcoming opening of the US market can be regarded as a turning point; thus, ETF holders should stay alert and actively adapt to the possible shifts in the crypto market.
