Ethereum trades near $2,100 as ETF outflows hit $365 million, eyes on $2,000 support

The cryptocurrency market faced further declines on Monday, led by Bitcoin (BTC) and Ethereum (ETH), as investors reacted to renewed uncertainty surrounding US monetary policy and the outlook for crypto regulation. Ongoing weakness followed a week of losses for major digital assets, prompting investors to reassess risk exposure as both regulatory and macroeconomic dynamics shifted. Risk sentiment waned after the Democratic Party achieved victories in both chambers of the US Congress during the recent midterm elections. This shift in the US political landscape has introduced uncertainty regarding the future of digital asset regulation and the direction of artificial intelligence policy. Market participants closely watched the potential for regulatory reforms that could affect the cryptocurrency industry.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.