Major cryptocurrencies continued their downward momentum on Thursday, pressured by macroeconomic uncertainty that has begun to overshadow recent positive institutional developments.

Despite growing interest from traditional finance and regulatory progress, market participants remain cautious amid persistent inflation concerns, shifting interest rate expectations and broader risk-off sentiment.

Notable Statistics:

* Bitcoin is down 0.8% in the past 24 hours and trades at $63,440.0.

* Ethereum has declined by 1.3% over the same period and currently stands at $4,286.0.

* The total cryptocurrency market cap has decreased by 0.4% to $1.92T.

Notable Developments:

* Interoperability protocol Chainlink announced a partnership with crypto derivatives exchange FTX to introduce Chainlink Price Feeds to FTX’s DeFi platform.

* According to reports, Sam Bankman-Fried's FTX exchange is planning to expand its services to Canada.

* In a setback for Ripple, a U.S. judge has ruled that seven video clips submitted by the blockchain firm to support its case against the Securities and Exchange Commission are inadmissible.

Top Losers (Past 24 Hours):

* Optimism (CRYPTO: ATOM) is down 4.3%.

* Aave (CRYPTO: AAVE) has decreased by 3.4%.

* Optimism (CRYPTO: ATOM) is trading lower by 4.3%.

Trader Notes:

* Crypto trader Mags shared a simple, yet effective Bitcoin strategy based on the halving cycle: "Buy Bitcoin 500 days before the halving, hold without interference, and sell 500 days after the halving." This cyclical approach has historically yielded strong results and offers a low-maintenance method for long-term investors.

* Javon Marks highlighted that Bitcoin's price increase appears "borderline technically coded," attributing it to the inherent bullish dynamics built into Bitcoin's supply structure and halving mechanics. He argues that historical trends and chart patterns suggest upside is practically embedded in BTC's design.

* As Bitcoin showed signs of recovery from recent declines, trader Follis reiterated his earlier forecast, affirming confidence in a rebound.

* Trader Cryptomist noted that while broader market sentiment remained bearish, her long position is now in profit with stop-losses secured. She believes Bitcoin is nearing her first target zone, adding weight to the bullish short-term thesis.