Cryptocurrency prime brokerage FalconX wrote in its weekly newsletter that the current crypto market sentiment is similar to 2019, with heated discussions within the industry about potential technological developments, while the broader market pays little attention to the crypto industry, and BTC and ETH trading volumes are currently at near one-year lows.
FalconX analysts pointed out that whether it is actual volatility or implied volatility, the volatility of cryptocurrencies continues to decline, which may provide some investors with buying opportunities, but investors still need to continue to pay attention to macroeconomic factors, including the Federal Reserve’s interest rate hike, international oil prices, the upcoming second quarter GDP data of the United States and the expectation of the European Central Bank’s interest rate hike.