The main cryptocurrencies strongly corrected on Monday while the Go through Hack and president Donald Trump The price threat weighed on the market.
| Cryptocurrency | Gains +/- | Price (recorded at 7:30 p.m. he) |
| Bitcoin BTC / USD | -4.82% | $ 91,639.29 |
| Ethereum ETH / USD |
-11.48% | $ 2,494.24 |
| Mastiff DOGE / USD | -13.79% | $ 0.2096 |
What happened:: Bitcoin shed below $ 91,000 for the first time in more than three months, while Ethereum fell to an intraday hollow of $ 2,461.52, its lowest since February 3.
The Apex cryptocurrency has already lost 9.7% since the beginning of February, unlike the 43% increase it saw last year. Ethereum fell by 23.63% and could go to its worst February.
Ethereum was at the center of $ 1.4 billion hack On the exchange of cryptocurrency. Although the platform claims to have re-established its ETH assets at pre-hack levels, the concerns concerning pirates pouring such a quantity have generated an alarm.
The market has blew up, with more than $ 960 million have liquidated in the past 24 hours. Highlights represented $ 890 million.
The covers against the drop in prices increased as the total number of short positions has exceeded long positions, according to the long / short ratio.
That said, a huge $ 1.61 billion in short positions risked liquidation if Bitcoin recovered $ 100,000.
The market was seized of “extreme fear”, according to the Crypto Fear and Greed index, arousing concerns of new drawbacks.
The best winners (24 hours)
| Cryptocurrency | Gains +/- | Price (recorded at 7:30 p.m. he) |
| History (IP) | + 15.01% | $ 4.65 |
| Dexis (Dexe) | + 2.31% | $ 19.06 |
| Berachain (Bera) | + 0.87% | $ 16.94 |
The global market capitalization of the cryptocurrency amounted to 3.08 billions of dollars, down 2.56% in the last 24 hours.
Investors will look at the report on the very important profits of darling artificial intelligence NVIDIA Corp. NvdaScheduled for Wednesday.
In addition, the favorite inflation gauge of the federal reserve, the personal consumer expenditure index will be published on Friday, providing indices on central bank movements on interest rates.
The main stock market indices slipped on Thursday. THE S&P 500 dropped by 0.50% to end at 5,983.25. Technology technology Nasdaq Composite Lost 1.21% during the session, ending at 19,286.92. THE Industrial average Dow Jones Calkked made a narrow gain of 0.08% to end at 43,461.21.
The feeling was affected after Trump reaffirmed that prices on imports from Canada and Mexico would take effect as planned.
Investors will focus on the report on the very important profits of darling artificial intelligence NVIDIA Corp. NvdaScheduled for Wednesday.
See more: Best cryptocurrency scanners
Analyst’s remarks: Popular cryptocurrency analyst and investor Ali Martinez The warned traders that if Bitcoin loses $ 93,700 as assistance, the next level of interest is $ 75,600.
He also underlined the drop in capital entries on the cryptocurrency market in the last 10 days, which have increased from $ 52 billion to $ 26.5 billion.
Chris Burniske, Co-founder of the cryptocurrency company Reserved spacesaid that “mid-term reset” is not unprecedented and that the best parts like Bitcoin, Ethereum and Solara SOL / USD Was witness great corrections during the last bull cycle in 2021.
“Those who call for a full -fledged bear are wrong,” added Burniske.
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