Bitcoin $95,771.38 And the leading Altcoins experienced a harsh decline on February 19. As the volatility in the market increased, macroeconomic uncertainties and increasing import tariff concerns in the USA affected investors’ perception of risk. The US Central Bank’s harsh attitude towards interest policies triggered the fluctuation in the crypto currency market. In parallel with these developments, Bitcoin declines to the level of $ 93,000, Ethereum $2,697.21 And he lost. The mobility in the Altcoin market brought the wave of liquidation.
Macroeconomic factors and market uncertainties
The reduction of risk appetite in global markets was reflected in the crypto money market. Former US President Donald Trump’s discourses on possible new import tariffs caused concern among investors. According to the Coingape report, speculation for trade wars has put pressure on the market.
The US Federal Reserve (FED) signaled that it would continue its strict monetary policy. These statements led to an increase in bond rates, while strengthening the demand for the dollar. While there was a decline in interest in risky assets, sales pressure in the Bitcoin and Altcoin market increased. The narrowing of liquidity increased the risks, especially for investors acting with leveraged processes.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
The liquidation wave was also effective in the market. Bitcoin market was 100 million dollars of liquidation, while altcoins have similar losses. Investors predict that the market may remain wavy in the short term.
Hard drop in Bitcoin and Altcoins
Bitcoin lost 1 %value during the day and fell to $ 93,000. Popular Altcoins such as Ethereum, Solana and BNB also lost similar rates. XRP was one of the most damaged ones by showing a 4 %decrease.
However, some subcoins resistant the decline. Maker, Berachain and Litecoin $124.33 such projects managed to stay in the green region. This mobility increased the tendency to diversify investors’ portfolios. Although the level of volatility is high, the upward movement in some tokens caused comments that the market did not entire completely into the bull market.
Experts from the world of technology and finance, the crypto currency market will continue to volatility, he says. However, the expectation of recovery in the long run is maintained. These fluctuations in the market can create both risk and opportunity for investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.