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Crypto assets are down today with some assets losing weekly gains amid macroeconomic signals hovering around investor sentiments. A glance at cryptocurrency price charts shows daily losses for most top assets and memecoins.&nbsp;
Market leader <a href="https://coingape.com/crypto-prices-today-april-10-bitcoin-slips-to-69k-eth-at-3500-sol-xrp-ada-crash/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) is down 2.55% sliding weekly gains to 3.46% while Ethereum (ETH) is down 3.5% today and up 4.8% the week. Trading volumes for these top assets have plunged in the last 24 hours signaling reduced activity and reduced sentiments.
<img decoding="async" class="aligncenter size-full wp-image-190807" src="https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-3.jpeg" alt="" width="1200" height="800" srcset="https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-3.jpeg 1200w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-3-300x200.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-3-768x512.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-3-150x100.jpeg 150w, https://coingape.com/wp-content/uploads/2024/04/BTC_1D_graph_coinmarketcap-3-272x182.jpeg 272w" sizes="(max-width: 1200px) 100vw, 1200px">
Bitcoin recovered strong from its previous sell-off after regaining $70,000 leading to anticipation about a pre-halving price run. <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank">BTC</a> currently trades at $68,789 below the resistance level with bulls projecting a rise. However short traders feel the asset would not perform like previous halving based on its ETF inflows and other factors.
<h2 id="span-style-font-weight-400-strong-altcoins-in-liquidation-boat-strong-span">Altcoins In Liquidation Boat&nbsp;</h2>
On the other hand, Ethereum surged above $3,500 in its latest recovery and traded above that point. At press time, ETH exchanged hands for $3,520 although its trading volumes plummeted 14% today. Wealth managers and traders still project a bullish run for Ethereum because of its staking feature and anticipated spot ETF in the United States.&nbsp;
Other crypto assets like Solana (SOL) and Cardano (ADA) have plunged 3.3% and 4.5% in the last 24 hours. Recent outflows have tanked the crypto asset market cap by 2.3% to $2.58 trillion.&nbsp;
<h2 id="strong-will-crypto-assets-recover-strong">Will Crypto Assets Recover?&nbsp;</h2>
The trend of the market is seen as outflows to exchanges continue in some quarters. Crypto assets will recover if <a href="https://coingape.com/with-delay-in-fed-rate-cuts-looming-will-crypto-see-block-in-bull-run/" target="_blank" rel="noopener noreferrer nofollow">macroeconomic factors</a> become favorable this week. The market plunged as players await the CPI data with some analysts expecting higher numbers.&nbsp;
The inflation data will determine if investors move funds away from risky assets if the Feds increase interest rates. A cool CPI means more inflows are expected, taking assets to a new rebound. Liquidations from the derivatives market have impacted the price of crypto assets with selling pressured and reduced volumes.&nbsp;
If the market sees a change this week, crypto assets can rebound at least in the short term. Also, the upcoming halving seen as a bullish phase for the asset is days ago sparking optimism in the wider market.&nbsp;
Also Read: <a href="https://coingape.com/trending/is-the-crypto-market-falling-today/" target="_blank" rel="noopener noreferrer nofollow">Is The Crypto Market Falling Today? </a>
The post <a href="https://coingape.com/trending/crypto-mid-week-sell-off-will-assets-recover/" rel="noopener noreferrer nofollow">Crypto Mid-Week Sell-off: Will Assets Recover?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Mid-Week Sell-off: Will Assets Recover?

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