I think it’s a combination of both, with global situation continuing to remain uncertain and volatile the domestic data has also started to lose momentum gradually as higher rates transmission happens whilst inflation remains sticky.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest