Global Risks Rise, Crypto Restrains
Crypto markets moved cautiously on Thursday. Bitcoin hovered around $111.2,000, while Ethereum hovered around $4.03,000, with the rally stalled as market participants awaited new catalysts. Several market media outlets noted the return of red to daily trading, signaling fading risk appetite after the turmoil at the start of the week.
From a fundamental perspective, sentiment was weighed down by escalating US-China trade tensions, which recently triggered outflows from risky assets, including crypto. At the same time, the FSB (G20) warned that there remain "significant gaps" in global crypto regulations—governance issues that could potentially add to "policy overhang." Additional pressure came from large outflows from crypto ETFs, particularly the Ethereum ETF, which recorded a net outflow of hundreds of millions of dollars on October 13. The combination of geopolitical, regulatory, and fund flow factors makes it difficult for the crypto rally to continue in the very short term.
Looking ahead, the market is monitoring the $107,000-$110,000 BTC resistance area as a key zone; failure to hold this area could trigger further declines, while a bounce in this area could restore short-term momentum. The extent of altcoin declines also serves as a barometer of daily risk—with the portion of weakening coins still dominant during this session. The next focus will be on central bank policy updates, daily ETF flows, and geopolitical headlines that could quickly shift sentiment.
Source: Newsmaker.id
