Bitcoin (BTC) Slide Continues on Monday, Hurt by Bearish Price Action and Struggling U.S. Stocks

Bitcoin (BTC) fell further on Monday as U.S. stocks struggled to pull out of their recent downturn.

비트 코인 (BTC)은 월요일에 미국 주식이 최근 침체에서 벗어나기 위해 고군분투하면서 더욱 떨어졌다.

Cryptocurrency prices fell Monday evening as stocks closed mixed following an attempted rally.

Cryptocurrency 가격은 월요일 저녁에 주식이 폐쇄되면서 랠리가 섞여있었습니다.

Bitcoin was trading down 1.9% over the past 24 hours to about $93,900 as stocks closed. Ether (ETH) fell 5.9% over the same time frame. The broader CoinDesk 20 Index was down 5.1%.

Of the major cryptos, solana (SOL) fared the worst, down nearly 10% over the past 24 hours and a whopping 41% over the past month.

메이저 크립토 중에서 Solana (Sol)는 지난 24 시간 동안 거의 10%, 지난 달 41%의 최악을 방해했습니다.

Besides its role in what appears to be a fading memecoin craze, SOL is also facing token unlocks in March and a 30% increase in SOL inflation due to the recent implementation of SIMD-96, which adjusted the network’s fee structure. At $151 at press time, SOL has now more than given up its post-election gains.

희미한 메모 인 열풍으로 보이는 것 외에도 Sol은 3 월에 토큰 잠금 해제에 직면하고 있으며 최근 SIMD-96의 구현으로 인해 SOL 인플레이션이 30% 증가하여 네트워크의 수수료 구조를 조정했습니다. At $151 at press time, SOL has now more than given up its post-election gains.

“Trying to communicate to folks who may be feeling complacency/denial that $95,000 is still not a bad exit price relative to where I think we could trade in 6-12 months,” Quinn Thompson, founder of Lekker Capital, a crypto hedge fund that specializes in using macroeconomic data for its trades, said on social media.

"95,000 달러가 우리가 6-12 개월 안에 거래 할 수 있다고 생각하는 곳에 비해 95,000 달러가 여전히 나쁜 출구 가격이 아니라고 불만을 느끼는 사람들과 의사 소통하려고 노력하고있다"고 Lekker Capital의 창립자 인 Quinn Thompson. specializes in using macroeconomic data for its trades, said on social media.

Thompson went on to estimate that there was an 80% chance that bitcoin won’t make new highs over the next three months and a 51% chance we won’t see new highs for even the next 12 months.

Thompson은 비트 코인이 향후 3 개월 동안 새로운 최고치를 얻지 못할 확률이 80%이며 향후 12 개월 동안 새로운 최고치를 보지 못할 확률이 80%가 될 것으로 추정했습니다.

In traditional markets, risks to the labor market are growing, according to Neil Dutta, head of economic research at Renaissance Macro Research.

Real incomes are slowing down, the housing market is getting worse, state and local governments are pulling back on spending. Meanwhile, market consensus sees no economic slowdown in sight, with GDP median forecast at roughly 2.5%.

“If 2023 was about being surprised to the upside, there is more risk in 2025 of being surprised to the downside,” Dutta said.

Dutta는“2023 년이 상승세에 놀랐다면 2025 년에는 단점에 놀랐다”고 말했다.

“A passive tightening of monetary policy is the dominant risk and that has important implications for financial market investors,” Dutta said. “I would anticipate a decline in longer-term interest rates and a selloff in equity prices as risk appetite wanes. For the economy, expect conditions to deteriorate in the jobs market.”

Dutta는“통화 정책의 수동 강화는 지배적 인 위험이며 금융 시장 투자자에게 중요한 영향을 미칩니다. “I would anticipate a decline in longer-term interest rates and a selloff in equity prices as risk appetite wanes. For the economy, expect conditions to deteriorate in the jobs market.”