Analysis: Trade tensions escalate again, causing volatility in the crypto market, and investors' cautious sentiment increases
05-31 09:08
Odaily News Cryptocurrency markets suffered a sharp drop this weekend, with Dogecoin falling more than 8%, PEPE falling 12%, and Bitcoin prices falling more than 2%, trading just above $103,600. ETH fell nearly 4%, and Ripple (XRP), BNB Chain (BNB), ADA, and SOL all fell 2-5%. Analysts believe that the recession is related to the re-escalation of trade tensions and expect market volatility to continue. The derivatives market also shows that investors are increasingly cautious. According to Deribit data, since April, open interest in Bitcoin futures has increased by 51%, while options contracts have surged by 126%. (CoinDesk)
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