The main cryptocurrencies lost their first gains on Thursday while investors awaited the publication of crucial inflation data.
| Cryptocurrency | Gains +/- | Price (recorded at 7:45 p.m.) |
| Bitcoin BTC / USD | + 0.03% | $ 104,582.18 |
| Ethereum ETH / USD |
+ 3.95% | $ 3,267.77 |
| Mastiff DOGE / USD | + 0.05% | $ 0.3308 |
What happened:: Bitcoin Driven $ 106,000 in the morning before falling back into the region of $ 104,000. Popular theme corner of memes Mastiff witnessed a similar price model.
EthereumOn the other hand, has undergone its gains, increasing almost 4% in the last 24 hours.
About 86 million dollars in short Paris have been destroyed in the past 24 hours, out of a total of $ 143 million in cryptocurrency liquidations.
Interestingly, traders placing short bets on Bitcoin increased against price increases for price increases, according to the long / short ratio.
That said, if Bitcoin recovers its top of all time, more than $ 530 million in short positions will be liquidated.
The emotion of “extreme greed” dominated the market, according to the reading of the Crypto Fear & Greed index, aroused concerns of another correction.
The best winners (24 hours)
| Cryptocurrency | Gains +/- | Price (recorded at 7:45 p.m.) |
| Dexis (Dexe) | + 30.15% | $ 20.80 |
| Jasmocain (Jasmy) | + 29.66% | $ 0.03193 |
| Arweave (AR) | + 27.44% | $ 16.46 |
The global market capitalization of cryptocurrency amounted to 3.57 billions of dollars, increasing by 1.92% in the last 24 hours.
The actions closed its doors in the green Thursday. THE Industrial average Dow Jones Addition of 136.83 points, or 0.38%, to end at 44,882.13. THE S&P 500 won 0.53% to end at 6,071.17. Technology technology Nasdaq Composite jumped from 0.25% to 19,681.75.
The increase came while investors analyzed the benefits of “magnificent 7” companies. Actions of Tesla Inc. Tsla And Meta Platforms, Inc. Meta increased by 2.87% and 1.55%, respectively.
The objective is now traveling to the report of the personal consumption expenditure index on Friday, examined the favorite inflation gauge of the federal reserve.
See more: Best cryptocurrency scanners
Analyst’s remarks: Popular cryptocurrency analyst and merchant Ali Martinez underlined “the critical importance” of $ 97,877 for Bitcoin, declaring that a considerable quantity of the Apex cryptocurrency was recovered at this level.
“If he holds, the Bull Run could continue,” predicted Martinez. “However, a break less than $ 97,877 and $ 91,700 could put the entire bruise market in danger.”
Another influential cryptocurrency merchant, Michaël Van de Poppe, Excluded the possibility that Bitcoin has 30% of this cycle corrections.
“The markets become larger, through which many more liquidity are added and Bitcoin becomes more” boring “. Just a progressive increase rate,” noted the merchant.
Van de Poppe plans that a Bitcoin peak could arrive in the fourth quarter of 2025 or at the beginning of 2027.
Photo by Avi Rozen on Shutterstock
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