Bitcoin is facing pressure as its price struggles to break through the $27,000 resistance level, while altcoins like Ethereum, XRP, and Solana are gaining traders’ trust. Bitcoin has experienced outflows for three consecutive weeks, while Ethereum has faced outflows for six straight weeks. XRP and Solana, however, have seen net inflows. Regional differences in sentiment among cryptocurrency traders have emerged, with European investment products attracting inflows and US-based products experiencing outflows. Trading volumes have declined, reflecting cautious market sentiment. Regulatory uncertainty and recent actions by the US Securities and Exchange Commission have prompted some investors to seek more favorable jurisdictions. Investors are advised to stay informed and exercise caution in the market.
AI Sentiment: Negative