Bitcoin 
$110,896.21 It continued its fluctuating course in recent weeks, falling below $ 108,000 again. While investors reduced their risk appetite as trade tensions between the USA and China escalated again, markets focused on upcoming macroeconomic developments.
Macro Concerns Affected Cryptocurrency Prices
CryptoAppsy According to data, Bitcoin dropped by 2.6 percent in the last 24 hours to $ 107,854. The largest cryptocurrency faced renewed selling pressure after briefly climbing above $111,200 on Monday. BTSE COO Jeff MeiStating that this volatility in the market is directly fed by macro concerns, he said, “Volatility is inevitable as the trade tension between the USA and China continues.”
Investors’ tendency to reduce risk, according to Mei Chinese President Xi Jinping with US President Donald TrumpIt became clear before the meeting to be held in South Korea at the end of October. The analyst emphasized that although there is a possibility of an agreement between the two countries, it is unlikely that the tension will end completely. These expectations led to a cautious attitude prevailing in the markets.
ETF Outflows and Weak Sentiment Pressure the Market
Macro pressures were also felt in altcoins. largest altcoin Ethereum 
$4,042.11 decreased by 4.77 percent to $3,855, BNB with a 5.36 percent decrease to 504 dollars, solana It fell to 172 dollars with a loss of 4.26 percent. There are also outflows on the spot cryptocurrency ETFs side. According to SoSoValue data Bitcoin ETF40.5 million dollars from Ethereum ETFThere was a net outflow of 145.7 million dollars. These outflows, which follow last week’s record weekly outflow totaling $1.23 billion, reinforced the weakness in investor sentiment.
While CoinMarketCap’s Fear and Greed Index was measured at 29, a distinct atmosphere of fear was created in the markets. Jeff Mei, “The unpredictability of macro developments cryptocurrency market‘s biggest risk. “Investors should focus on diversification and hedging strategies,” he said. Investors are now focused on the Consumer Price Index data to be announced in the US on Friday and the Fed’s possible 25 basis point interest rate cut. CME Group’s FedWatch Tool data shows the probability of an interest rate cut as 98.9 percent.
