CRYPTO NEWS - Bitcoin Fell Below $47,000
CRYPTO NEWS - Bitcoin Fell Below $47,000
00:05 Intro
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
08:40 Ethereum Technical Analysys
09:01 Crypto Market News
11:29 Outro
The week started with the weakening of bitcoin (BTC) in Asian markets. Following the leading digital currency, almost all altcoins showed negative dynamics.
At the time of publication of this review, bitcoin price was holding around $46,100. The coin briefly fell below $46,000, but then managed to rebound.
Ether (ETH) and Binance Coin (BNB) fell more than 3% to $3811 and $514.96 respectively. Avalanche (AVAX) and Polkadot (DOT) suffered the biggest losses among the top ten altcoins, falling almost 6% to $103.4 and $23.8. The value of cryptocurrencies fell to $2.13 trillion.
Capital is exiting risky assets, so the cryptosphere is suffering losses. Even China's decision to lower interest rates has not yet had a positive effect on the attractiveness of the country's stock market.
Analysts attribute the large-scale correction to the U.S. Federal Reserve's willingness to raise rates to curb inflation.
Bitcoin was close to $69,000 in early November, since then the coin has lost more than 30% of its value. Investors are also spooked by the threat of new covid restrictions. In this situation, risky assets suffer first and foremost.
If the EU and U.S. authorities will go for tough restrictions on business activity in the near future, BTC is unlikely to be able to hold at the current values. Most likely, the rollback will continue, experts say.
Translated with www.DeepL.com/Translator (free version)
00:05 Intro
01:48 Crypto News
04:17 Bitcoin News
05:32 Ethereum News
06:15 Bitcoin Technical Analysys
08:40 Ethereum Technical Analysys
09:01 Crypto Market News
11:29 Outro
The week started with the weakening of bitcoin (BTC) in Asian markets. Following the leading digital currency, almost all altcoins showed negative dynamics.
At the time of publication of this review, bitcoin price was holding around $46,100. The coin briefly fell below $46,000, but then managed to rebound.
Ether (ETH) and Binance Coin (BNB) fell more than 3% to $3811 and $514.96 respectively. Avalanche (AVAX) and Polkadot (DOT) suffered the biggest losses among the top ten altcoins, falling almost 6% to $103.4 and $23.8. The value of cryptocurrencies fell to $2.13 trillion.
Capital is exiting risky assets, so the cryptosphere is suffering losses. Even China's decision to lower interest rates has not yet had a positive effect on the attractiveness of the country's stock market.
Analysts attribute the large-scale correction to the U.S. Federal Reserve's willingness to raise rates to curb inflation.
Bitcoin was close to $69,000 in early November, since then the coin has lost more than 30% of its value. Investors are also spooked by the threat of new covid restrictions. In this situation, risky assets suffer first and foremost.
If the EU and U.S. authorities will go for tough restrictions on business activity in the near future, BTC is unlikely to be able to hold at the current values. Most likely, the rollback will continue, experts say.
Translated with www.DeepL.com/Translator (free version)
