The main cryptocurrencies plunged full-fledged business war on Wednesday between the United States and Europe on Wednesday.
| Cryptocurrency | Gains +/- | Price (recorded at 7:45 p.m.) |
| Bitcoin BTC / USD | -4.01% | $ 84,586.64 |
| Ethereum ETH / USD |
-5.64% | $ 2,334.17 |
| Mastiff DOGE / USD | -3.32% | $ 0.2024 |
What happened:: Bitcoin Worked below $ 83,000 for the first time in 15 weeks before twining the losses late in the evening. The main cryptocurrency dropped by more than 21% from its top of all time in January.
In the past 24 hours, Blackrock transferred more than $ 160 million to BTC to Jammingwhich were outings of Ishares Bitcoin Trust Etf IbitAccording to Arkham Intelligence.
In the same way, Ethereum Immersed in an intraday hollow of $ 2,255.05, he has been the lowest since Donald Trump’s presidential victory.
The continuous decrease in prices has been precipitated by reports Trump’s threats to impose 25% Prices on the European Union.
More than $ 760 million has been liquidated from the cryptocurrency market in the last 24 hours, with $ 606 million in long erased positions.
That said, a recovery at $ 90,500 would liquidate more than a billion dollars in short positions
Bitcoin’s open interest has dropped 5.45% in the last 24 hours and collapsed by more than 18% since early February.
The feeling of “extreme fear” has been strengthened, according to the index for fear of crypto-fire and greed, fueling the concerns of new drawbacks.
The best winners (24 hours)
| Cryptocurrency | Gains +/- | Price (recorded at 7:30 p.m. he) |
| Kaito (Kaito) | + 43.73% | $ 2.48 |
| History (IP) | + 19.36% | $ 6.83 |
| Berachain (Bera) | + 9.03% | $ 7.34 |
The global market capitalization of the cryptocurrency amounted to 2.77 billions of dollars, decreasing by 4.91% in the last 24 hours.
On Wednesday, the averages of major actions broke a sequence of defeats. THE S&P 500 won 0.01% to close at 5,956.06 after four consecutive days end in the red. Technology technology Nasdaq Composite increased by 0.26% to end at 19,075.26. THE Industrial average Dow Jones was the aberrant value, closing 0.43% less to 43,433.12.
NVIDIA Corp. Nvda Actions increased by 3.67% before its report on results in the fourth quarter, increasing the overall feeling. The AI giant reported a higher than expected Income and profits by action.
See more: Best cryptocurrency scanners
Analyst’s remarks: Cryptocurrency analyst and investor widely followed Rekt Capital noted the formation of the new “CME gap” of Bitcoin between ~ $ 92,700 and ~ $ 94,000
“This offers a certain confluence to the idea that the price revisited $ 93,500 at a given time in the future as part of a rescue rally after the breakup,” predicted the analyst.
The CME gaps are the price differences between the closing price of a given negotiation day and the opening price on the following negotiation day on a Bitcoin term graph.
In a note in Benzinga, Chris KlineCOO and co-founder of BitcoinniraCalled the consolidation phase during Bitcoin, a “healthy reset”.
“Bitcoin has established a more defined negotiation range after its impressive race at almost all time, demonstrating resilience despite short -term fluctuations,” added Kline.
The analyst suggested that such periods of measured trading activity generally precede the momentum.
Photo by Avi Rozen on Shutterstock
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