Bitcoin, Ethereum, Dogecoin Dip even if the president of Fed Powell says no to CBDC: the analyst says BTC under consolidation but “ next big movement ” probable – Grayscale Bitcoin Mini Trust (BTC) Common fractional units Undivated Interest (Arca: BTC)

The leading cryptocurrencies fell on Tuesday even as president of the Federal Reserve Jerome Powell Make remarks considered favorable to industry during an audience in the Senate.

What happened:: Bitcoin I started to slide morning hours and reaching an intrajat hollow of $ 94,875.04 before getting back to $ 96,000 at the end of the evening.

Ethereum Return to the $ 2,600 area per day after breaking $ 2,700. The two main assets fell 2.61% and 5.19%, respectively, during the week.

In a significant development, the president of the Fed Powell assured “to watch a new one” complain approximately during the previous administration.

Powell also said that the Fed will not develop a digital currency from the Central Bank under its supervision during its testimony to the Senate Banking Committee.

Meanwhile, cryptocurrency liquidations have reached $ 228 million in the past 24 hours, with long liquidations representing $ 154 million.

The open interest of Bitcoin increased by 1.49% in the last 24 hours. An increase in open interest, alongside a price drop, said the opening of new short positions.

That said, the number of traders betting on the increase in Bitcoin prices was always higher than targeting price reductions, according to the long / short ratio.

According to the Crypto Fear & Greed index.

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The global market capitalization of the cryptocurrency amounted to 3.15 billions of dollars, down 1.68% in the last 24 hours.

Stocks were a mixed bag on Tuesday. THE Industrial average Dow Jones increased by 123.24 points, or 0.28%, to end at 44,593.65. THE S&P 500 made a narrow gain of 0.03%, ending at 6,068.50. Technology Nasdaq CompositeOn the other hand, dropped by 0.36% to end at 19,643.86.

Investors have analyzed Powell’s comments that the Fed was not in a hurry to reduce interest rates.

The objective now moves to the crucial Consumer price index reportScheduled at the exit Wednesday.

See more: Best cryptocurrency scanners

Analyst’s remarks: Popular cryptocurrency analyst and merchant Ali Martinez The Bitcoin accumulation trend score was close to zero, indicating that the Apex digital asset was consolidated.

“A change of request here could prepare the field for the next big movement,” predicted the analyst.