Bitcoin, Ethereum, Dogecoin of losses even if the “extreme fear” prevails: the best analysts have this to say on the purchase of the DIP – Grayscale Bitcoin Mini Trust (BTC) Fractional common units advantageous units (Arca: BTC)

The main cryptocurrencies made some of their losses on Tuesday in relation to the morning accident while the market slipped into the “Far Far” mode.

What happened:: Bitcoin sang at an intra -day hollow of $ 86,008.23, its lowest since November 12, before recovering at the start of $ 88,000 while the merchants bought the decline. The main cryptocurrency dropped by 13.43% in February, heading for its worse February since 2014.

Ethereum He also recovered from his spectacular drop to $ 2,339 earlier this morning, climbing $ 2,500 in the evening. Up to date, the second largest cryptocurrency lost more than 24%.

Almost $ 1.07 billion was liquidated from the cryptocurrency market in the last 24 hours, with bullish bets representing more than $ 873 million.

Bitcoin’s open interest dropped by 5.06% in the past 24 hours, short positions increasing vis-à-vis long positions.

The market has entered the “Extreme Fear” area, according to the Crypto Fear and Greed index, a sign that investors were too worried.

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The global market capitalization of the cryptocurrency amounted to 2.91 billions of dollars, contracting by 2.49% in the last 24 hours.

First order stocks fell for the second consecutive day of the week. THE S&P 500 Slipped by 0.47% to end at 5,955.25 technology at 5,955.25 Nasdaq Composite fell 1.35%, ending at 19,026.39 Industrial average Dow Jones was the silver lining, winning 0.37% to end at 43,621.16.

The technological decline was led by Tesla Inc. Tsla which sang 8.39% during the session. Stocks related to Bitcoin as Strategy Inc. Mstr Bled over 11%.

The market was nervous as president Donald Trump Reaffirmed earlier this week that prounds imports from Canada and Mexico would take effect as plannedarousing the fears of a full -fledged trade war.

Investors will change their goal to the gains report Chérie artificial intelligence NVIDIA Corp. Nvdawhich is scheduled for Wednesday after closing the market.

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Analyst’s remarks: Arthur AzizovCEO of the cryptocurrency payment company B2binpaytold Benzinga that Bitcoin was currently in a solid reversal area.

“If we closed less than $ 89,233 and start to exchange under this level, the prospects become less favorable, because there is a possibility of additional decline. On the other hand, if Bitcoin is bought throughout the day, Simply sweep the liquidity and leave another wick, we could see more movement up, “projected Azizov.

Popular cryptocurrency analyst and merchant Ali Martinez stressed that Bitcoin has emerged from its price action at the persistent that has persisted since November. Reduction could trigger a price correction at $ 80,000.

“Thus, it may not yet be wise to buy the DIP,” warned Martinez warned investors.