why crypto down in today 7th January ??? to know about 👇 The crypto market is down today, with the cryptocurrency market capitalisation falling by 1.6% to $3.24 trillion. Currently, 65 of the top 100 coins have dropped over the past 24 hours. At the same time, the total crypto trading volume stands at $150 billion.
TLDR: Crypto market cap is down 1.6% (Wednesday morning, UTC); 65 of the top 100 coins and 9 of the top 10 coins dropped today; BTC decreased by 1.9% to $91,799, and ETH is down by 0.5% to $3,211; The US Fed remarks are dovish; The Fed Governor Stephen Miran said the current interest rate policy is ‘clearly restrictive’; Crypto market focuses on whether liquidity expectations undergo a substantive turning point; US DOJ liquidated 57 BTC forfeited by Samourai Wallet developers; MSCI is looking into excluding digital asset treasury companies from its equity indexes; US BTC spot ETFs posted outflows of $243.24 million, while ETH spot ETFs saw $114.74 million in inflows; Renewed ETF demand is steadily absorbing circulating supply; Crypto market sentiment pauses within the neutral zone.