#Binance
O $BTC presented a recovery of almost 11% during the past week, but its recovery was previously limited by the Sunday liquidity dynamics.📝📊📄📈😎🤔
The #bitcoin fell below $75,000 on Sunday, April 6, despite initially decoupling from the $3.5 trillion drop in the US stock market on April 4, after the president of the Federal Reserve #EUA , Jerome Powell, warned that the #Trump rates could affect the economy and increase inflation.
The correction was exacerbated by the lack of liquidity over the weekend and the fact that Bitcoin was the only major liquid asset available for risk reduction, observers said.
“Although the improved sentiment creates a more stable foundation, cryptocurrency markets are still susceptible to rapid movements during periods of reduced trading volume,” according to Marcin Kazmierczak, co-founder and COO of the oracle company #blockchain RedStone.
“The recovery of sentiment provides some cushioning, but investors should remain cautious, as weekend liquidity constraints can still amplify price movements, regardless of the current market mood.”
