Momentum in Bitcoin and ethernet ground ground to a halt this week as investors worried first about vibrant jobs data and the continued radical views of the US central bank, followed by concerns about the possibility of improved password controls. Later on Thursday, Kraken allowed sunset liquidity betting services for U. S. users, which particularly dimmed the hot section.

Bitcoin and ethernet fell 6.8% and 7.3% respectively in the past seven days, losing a large portion of the gains seen in the first five weeks of 2023. All of these coins have risen by about 30% so far this year-leading the way in broader password revitalization-although this week's decline has boosted some investment analysts' predictions that strong support for analytics Bitcoin will fall to $20,000.

This week also means that Cryps is linked to traditional financial indices, and the correlation between Bitcoin and the S & P 500 has fallen by more than 50 per cent. Many leading digital currencies have lost money for most of the week.

The best performer in the competition

Of the top 20 digital currencies by market capitalization (excluding stable currencies), only Polygon's Majic closed higher this week. BTC and ETH ranked sixth and ninth, respectively.

SOL and Avax are the monthly laggards, both falling by more than 15 per cent. Many of the falling assets were in sharp contrast to the previous week, when 20 properties closed up with 16.

Although Macro narrative has been at the heart of the password sales market for most of 2023, industry-specific situations gradually became a focus on Wednesday night, and on Thursday the Kraken allowed agreement on the SEC complaint that betting services offered by American investor investors were equivalent to giving unregistered securities. In addition to terminating the sale, the Kraken will also pay a penalty of $30 million.

Gamo Gensler, the current chairman of SEC, warned password companies to "pay attention" and "compliance management" after the Kraken announcement, which would be a higher and longer-term problem for the field. This statement confirms that SEC will step up password supervision.

The market risk of password sales seems to be shifting from systemic risk to industry-specific non-systemic risk, and investors should regulate the movement of coins in and out of exchanges to look for rising and bullish signals.

Bitcoin's net exchange position turned negative this week, which means investors have moved the coin from the exchange to the Treasury. However, the change in this trend will show that investors are sceptical about the recent market outlook for Bitcoin and send the coin to the exchange for sale (bullish).