#Bitcoin
There have been significant fluctuations in the cryptocurrency markets recently. Bitcoin erased last week's gains, falling to $66,000 after Silk Road. This decline comes as concerns about potential selling pressure grow as the US government moves $2 billion worth of Bitcoin. With this move, Bitcoin lost up to 5% in value in the last 24 hours, but has recovered slightly.
Solana's SOL fell 6%, paring Monday's gains, making it one of the biggest losers among other major cryptocurrencies. This decline may be related to Memecoin trading heating up on the network over the weekend and token prices rising. Ethereum has managed to remain relatively strong despite outflows from new spot ETFs.
Market observers state that macroeconomic decisions and the lack of new catalysts may lead to negative effects on the markets. CoinMarketCap's research leader Alice Liu states that the recent optimism has been replaced by a more cautious atmosphere. In addition, he warns that interest rate decisions by the Bank of Japan, the Federal Reserve and the Bank of England may increase volatility in the cryptocurrency market.
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