King crypto currency The unit fell below $ 96,000 at the time of the text and the Altcoins are losing power. Nobody expected to enter a negative week before the FED, but the weekend volume is pulling the prices down. So what’s the last situation? What are the expectations?
Bitcoin (BTC)
The weekly closing over 97 thousand dollars would be impressive but BTC He turned his direction down. We have recently mentioned which days of the week have a further decrease tendency. On Sundays, he represented the remarkable part of the weekend.
When BTC text is prepared, he finds buyers in $ 95,810. Following the test for $ 97,700, we can see the continuation of the decline up to $ 94,000 because the bulls could not maintain the current level. The atmosphere of uncertainty caused by the unbalanced data received before the FED interest rate decision to be announced on Wednesday may cause a slightly decrease.
However, the fact that the first written trade agreement will be signed in the coming days, as explained by the US Treasury Minister, means that the rise in crypto currencies will not be surprising as it means that the pressure on the tariff will be broken to a significant extent. As you can see, we are moving towards the days and days when there will be sudden landing in the crypto and also sudden exits.
Crypto coins latest situation
ETH finds buyers in $ 1,832 with all the gloom. In the last 24 hours, the total volume in crypto money markets fell to $ 49 billion. BTC market domination is strong and ETHBTC continues to linger at the bottom. The Horror Index was located in 53, while ETH gained 1.3 %on a weekly basis.
XRP Coin Closely watched below the $ 2.2 support and the price of $ 0.18 lost the rise threshold. We talked about AVAX that we can see $ 19.75 at the weekend on Friday, which has fallen to $ 20.2.
The most winning subcoin of the week Virtual was. Although it earns close to 50 percent weekly, it fell by 8 %in the last 24 hours. They followed him, XMR, Hype, and increased between 16 %and 24 %.
It may be useful for investors to take into account the risk of further subcoin decrease due to its weakness of BTC in the coming hours. However, as I mentioned in the first part, if concrete trade agreements begin this week, these decreases should not be permanent.
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.
