Global Markets Face Sell-Off Amid Liquidity Squeeze
Global markets, encompassing cryptocurrencies, equities, and precious metals, have undergone a significant sell-off attributed to a systemic liquidity squeeze rather than issues specific to individual assets. According to NS3.AI, interventions by the Federal Reserve aimed at stabilizing bank reserves have not alleviated market stress, as long-term interest rates remain elevated and financial conditions remain tight. This sell-off is indicative of mechanical deleveraging and uncertainty surrounding economic data. Volatility is anticipated to persist until more definitive policy or macroeconomic signals become apparent.
Bitcoin Hash Price Hits Record Low Amid Difficulty Adjustment
Bitcoin's hash price, a crucial measure of mining profitability, has reached an all-time low of approximately $0.03 per terahash. According to NS3.AI, this decline coincides with an anticipated Bitcoin network difficulty adjustment, which is expected to decrease by more than 13%. These developments underscore the increasing pressure on miners' profitability in the face of challenging market conditions.
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