This week, all cryptocurrencies listed on Tokenize Malaysia experienced significant price declines. According to CoinTelegraph, the market downturn is attributed to several factors, including outflows from Bitcoin ETFs and selling pressure from the German government’s BTC movements. Additionally, the anticipated selling from Mt. Gox creditors has raised concerns about increased market supply. The strengthening U.S. dollar, along with changing expectations around interest rate cuts, has also contributed to a risk-off sentiment among investors. These combined factors have led to broader sell-offs and significant declines across the cryptocurrency market.
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