The main cryptocurrencies were acquired on Wednesday, defying the drop in shares in the highest inflation data than expected.
| Cryptocurrency | Gains +/- | Price (recorded at 7:45 p.m.) |
| Bitcoin BTC / USD | + 1.68% | $ 97,612.38 |
| Ethereum ETH / USD |
+ 4.27% | $ 2,718.34 |
| Mastiff DOGE / USD | + 4.11% | $ 0.2628 |
What happened:: Bitcoin Naviged above $ 98,000, after a leap of 31% of the negotiation volume. The main cryptocurrency has lost 4.46% of its value since the beginning of February, against an average monthly return of 14.11%.
Ethereum Hit the upper $ 2,700 after an increase of 4.27% in the last 24 hours. The second largest cryptocurrency also recorded a leap of 30% of the volume of negotiation.
In the past 24 hours, 137,999 traders have been liquidated, with total liquidations at $ 308.36 million. More than $ 162 million were recorded for long liquidations.
The open interest of Bitcoin increased 0.84% in the last 24 hours. The long exposure has dropped sharply, with 58% of binance traders betting on the increase in cryptocurrency, against 69% one day.
The feeling of the market has remained in the “neutral” area, according to the Crypto Fear & Greed index.
The best winners (24 hours)
| Cryptocurrency | Gains +/- | Price (recorded at 7:45 p.m.) |
| Pancakeswap (CAKE) | + 36.32% | $ 2.66 |
| Onyxcoin (XCN) | + 30.71% | $ 0.02474 |
| Sonic (S) | + 21.04% | $ 5,486 |
The global market capitalization of the cryptocurrency amounted to 3.23 billions of dollars, winning 2.47% in the last 24 hours.
The main stock market indices sank on Wednesday. THE Industrial average Dow Jones released 225.09 points, or 0.50%, to end at 44,368.56. THE S&P 500 fell 0.27%, ending at 6,051.97. Technology technology Nasdaq Composite pointed out a marginal gain of 0.03% to end at 19,649.95.
The drop followed the Warm than expected Consumer price index in January, adding to inflationary concerns. The ICC increased by 3% over one year on the other in January, lacking expectations of 2.9%
Investors at the price of 97% like the federal reserve maintains the interest rates unchanged at the next meeting in March, according to to the CME Fedwatch tool.
See more: Best cryptocurrency scanners
Analyst’s remarks: Popular cryptocurrency analyst and merchant Ali Martinez drew attention to a state of “anxiety” among Ethereum investors while cryptocurrency had trouble recovering $ 3,000.
“A decisive movement above this level could restore confidence,” predicted the analyst.
Martinez described $ 97,800 as a key resistance level for Bitcoin, because around 119,400 BTC accumulated at the level.
“The longer the bitcoin is below this price, the more investors can try to go out to manage risks,” he added.
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