{"id":645996,"date":"2024-10-03T08:00:43","date_gmt":"2024-10-03T08:00:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=645996"},"modified":"2024-10-03T05:41:31","modified_gmt":"2024-10-03T05:41:31","slug":"crypto-markets-shallow-sell-off-indicative-of-strong-bid-for-risk-assets-trading-firm","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/crypto-markets-shallow-sell-off-indicative-of-strong-bid-for-risk-assets-trading-firm\/","title":{"rendered":"Crypto Market’s “Shallow Sell-Off” Indicative Of Strong Bid For Risk Assets: Trading Firm"},"content":{"rendered":"
Crypto trading firm QCP Capital says the \u201cshallow sell-off\u201d in crypto markets following Iran\u2019s recent attack on Israel indicates healthy market demand for risk-on assets.<\/span><\/p>\n
Crypto Market Remains Well Bid For Risk Assets<\/span><\/h2>\n
Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted. The S&P 500 closed 1% lower, while U.S. benchmark West Texas Intermediate (WTI) oil prices rose 2%.<\/span><\/p>\n
In contrast, the digital assets market was hit relatively harder, with Bitcoin (BTC) sliding more than 5% following Iran\u2019s attack. The total crypto market cap eroded over 6% in value while liquidations surpassed $550 million in the past 24 hours, data from CoinGlass <\/span>indicates<\/span><\/a>.<\/span><\/p>\n