GT 24H Up 3.08%, current price 7.03 USDT

Opinion: Bitcoin's decline is not a structural exit but rather a typical risk sentiment reset

Bitcoin briefly fell below $63,000 on February 24, mainly due to escalating tariff tensions and geopolitical risks. Investment experts believe this decline reflects a reset in risk sentiment rather than factors unique to the crypto market.

Crypto Outflows Continue Amid Falling Trading Volumes

Digital asset investment products experienced significant outflows, totaling $288 million, driven mainly by Bitcoin's $215 million withdrawals and cautious investor sentiment, especially in the US, while European markets exhibited more resilience.

Traditional Finance Alert: HD Has Increased by Over 4%

Gate News bot message: According to the latest Gate TradFi data, HD has risen by 4% in the short term, and the current volatility is significantly higher than the recent average level, indicating increased market activity.

Stronger US Dollar and Weakening Cryptocurrencies, Also Extends to Gold

The US Dollar strengthened, reaching 97.810 on the index, while cryptocurrencies fell by 3.06% in market cap, and gold dropped over 1%. Uncertainty in macroeconomic conditions and geopolitical tensions are influencing these trends.