CryptMarket Analysis — 28-09-12
Crypto markets have suffered a sharp selloff in the past hours, with over $1B in liquidations seen across major assets like Bitcoin, Ether, Solana, BNB, and Avalanche. This marks one of the harshest downturns in months, dragging the CoinDesk 20 Index down by 5% in 24 hours. Macro pressure continues as the U.S. GDP revision exceeds expectations, dampening hopes for near-term Fed rate cuts, while Treasury yields surge to three-week highs. Risk-off sentiment is dominant, and large liquidations on decentralized exchanges indicate heightened volatility. Regulatory momentum, meanwhile, is subdued, with no major new interventions reported. In the short term, market sentiment remains cautious as traders brace for continued volatility and await clear signals from U.S. economic data and Fed speakers.