CoinEx Daily: Bitcoin Declines on Risk-Off Sentiment as US Debt and ETF Launches Dominate Headlines

Daily View

Bitcoin has experienced continued weakness and is now in its longest weekly losing streak since June 2023, falling amid rising market risk aversion and hawkish US Federal Reserve signals. The launch of multiple spot ETFs for XRP and Dogecoin, along with growing US government debt and major flows in stablecoins, reflect heightened cross-asset volatility and evolving institutional engagement. Deutsche Bank highlights persistent risk-off dynamics and macro uncertainty as key pressures on crypto markets.