CryptMarket Analysis — 24-09-03
The past four hours saw highly volatile market moves, highlighted by Bitcoin plunging below $112K and triggering over $1.6 billion in liquidations across derivatives exchanges—its largest wipeout in months. Ether and altcoins tumbled in tandem, with major crypto stocks also slumping in pre-market trading, underscoring immediate risk-off sentiment. Meanwhile, a record ETF launch failed to stabilize prices, and safe-haven flows rotated rapidly into gold, pushing the metal to fresh highs as investor anxiety spiked. Near-term outlook remains cautious as traders brace for further downside amid macro uncertainty and heightened regulatory oversight.
Regulatory momentum is intensifying after the SEC approved a sweeping rule change that could unlock a wave of crypto ETPs beyond spot Bitcoin and Ethereum, though central bank signals and ongoing cross-border cooperation (e.g., US-UK joint task force) complicate the policy picture. Short-term sentiment remains negative as traders digest macro headwinds and await the next batch of Fed communications and inflation data. Expect continued volatility and defensive posture until concrete signs of policy easing emerge.