What happens when risk appetite for cryptocurrencies suddenly drops?
Just weeks ago, the market was seeing a resurgence of investment in Ethereum (ETH), Bitcoin (SOL), and other smaller-cap cryptocurrencies.
Now: Ethereum is down 20%, Bitcoin (BTC) volatility is rising, and the cost of funding is falling.
Market sentiment has reversed.
@CFBenchmarks has provided a detailed analysis of this ⤵️