FalconX Report: Current cryptocurrency market sentiment is similar to 2019, overall calm but macroeconomic factors need to be monitored.

Odaily News: FalconX, a major cryptocurrency brokerage firm, stated in its weekly newsletter that the current sentiment in the crypto market is similar to that of 2019. There is high discussion within the industry regarding potential technological developments, but the broader market has paid little attention to the crypto industry. Trading volumes of BTC and ETH are currently at their lowest levels in nearly a year.



Analysts point out that although some assets have experienced significant increases, the overall market sentiment is calm. Despite the reduced correlation between digital assets and the broader market in recent months, analysts still believe that global developments and their impacts cannot be ignored. The volatility of cryptocurrencies, whether actual or implied, has been consistently decreasing, which may provide buying opportunities for some investors. Other macroeconomic factors include the Federal Reserve's interest rate hike, international oil prices, the upcoming announcement of Q2 GDP data in the United States, and expectations of an interest rate hike by the European Central Bank. (Blockworks)