BitMart Market Report: Market sentiment remains sluggish, and the capital market is bearish in the future

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ODAILY
04-09
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According to the BitMart market report on April 9, the total market capitalization of the cryptocurrency market was $2.45 trillion, a decrease of 2.08% from the previous day. BTC's intraday volatility intensified, falling back to around $75,000 from $81,000, with BTC ETF experiencing net outflows for four consecutive days; today's AHR999 index is 0.63, increasingly close to the index's "buy the dips" range; ETH followed the market's ups and downs, breaking below the $1,400 mark during the day, with the ETH/BTC exchange rate falling below 0.019, continuing to create a new four-year low; Altcoins generally declined, with the market lacking highlights; the comprehensive long-short ratio is 1.006, and market sentiment remains low. As the U.S. "reciprocal tariffs" on multiple countries' goods officially took effect on April 9, the risk of economic recession has sharply increased, and investors should be cautious of risks.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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