***Bitcoin's market dominance has surged above 60%—the highest since March 2021—as traders seek safety amid market turbulence, while smaller tokens suffer greater declines. Speculation is growing over whether Trump's proposed U.S. sovereign wealth fund will include Bitcoin, especially with crypto-friendly figures leading the initiative, though its strategy remains unclear. Meanwhile, high leverage caused a sharp 27% intraday drop in Ethereum, exposing the risks of excessive leverage despite rising institutional involvement, and Bitcoin ETFs saw outflows. Bitcoin's rising dominance suggests that investors are increasingly viewing it as a "safe haven" asset during uncertain times, reinforcing its status as the crypto market’s backbone. The speculation around a U.S. sovereign wealth fund potentially holding Bitcoin is intriguing and could be a major catalyst if it materializes, though regulatory uncertainty remains a hurdle. The Ethereum flash crash highlights ongoing issues with leveraged trading, showing that despite growing institutional interest, the crypto market still struggles with volatility and risk management. Overall, while Bitcoin's strength is reassuring, broader market conditions remain fragile.
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#Seek #BTC
***Bitcoin's market dominance has surged above 60%—the highest since March 2021—as traders seek safety amid market turbulence, while smaller tokens suffer greater declines. Speculation is growing over whether Trump's proposed U.S. sovereign wealth fund will include Bitcoin, especially with crypto-friendly figures leading the initiative, though its strategy remains unclear. Meanwhile, high leverage caused a sharp 27% intraday drop in Ethereum, exposing the risks of excessive leverage despite rising institutional involvement, and Bitcoin ETFs saw outflows.
Bitcoin's rising dominance suggests that investors are increasingly viewing it as a "safe haven" asset during uncertain times, reinforcing its status as the crypto market’s backbone. The speculation around a U.S. sovereign wealth fund potentially holding Bitcoin is intriguing and could be a major catalyst if it materializes, though regulatory uncertainty remains a hurdle. The Ethereum flash crash highlights ongoing issues with leveraged trading, showing that despite growing institutional interest, the crypto market still struggles with volatility and risk management. Overall, while Bitcoin's strength is reassuring, broader market conditions remain fragile.
★So good luck to all. Everyone trade carefully and stay with me for daily updates★
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