India, Aug. 26 -- The negative sentiment in crypto sphere that followed the crypto flash-crash over the weekend deepened further amidst anxiety ahead of key economic updates from the U.S. Anxiety about the timing of Fed's potential rate cuts exacerbated ahead of release of GDP data on Thursday, PCE-based inflation on Friday and non-farm payrolls data a week later. Bitcoin has touched a 24-hour low of $108,762.
The price moves in the crypto market also coincided with the dollar's weakness attributed to reports of President Trump firing Fed Governor Lisa Cook and concerns about the potential politicization of U.S. monetary policy. Inflows to Bitcoin and Ethereum Spot ETF products in the U.S. however limited losses.
Cryptocurrency market cap...