Bitcoin 
$109,999.47After a period of more than six weeks, it went down to $ 110,000 for the first time. CryptoappsyAccording to price data, the largest crypto currency was withdrawn to $ 108,652 with a depreciation of over 2 percent in the last 24 hours. The price tested the lowest level from July 9th. Speaking at Jackson Hole on Friday last week Jerome Powellfrom the “interest rate cut in September” signal, the short -term recovery, which started with the replacement of profit purchases in the new week. The risk of escape from the market is strengthened throughout the market.
Why do Bitcoin and crypto coins fall?
BTC Markets Analyst Rachael LucasAccording to prices, withdrawal profit sales, technical resistance and changing interest expectations were triggered by the combination. Bitcoin’s testing $ 117,000 on Friday confirmed the weakening in the momentum with a low peak formation. The optimism created by Powell’s speech at Jackson Hole went out in a short time as investors began to re -evaluate the timing and possibility of interest rate cut.
Lucas, approximately 24,000 units of a large wallet BTC (about 2.6 billion dollars), he added that the news that he sells chain liquidations in the derivative markets. This development increased the pressure on prices in the decreasing environment of the market depth and weakened the risk appetite.
The tendency to escape from risk in the market is dominant
US President on Monday Donald Trump‘s Fed Governor Lisa Cook was dismissed by the Central Bank’s political independence of the question marks by increasing the general uncertainty. Presto Research Analyst Rick maeda105,000 dollars in the June breakdown zone, 100,000 dollars, psychological threshold and intensive option usage level is supported as support. He added that the downward fracture in the lower direction increases the risk of mandatory leverage reduction, while the upward 118–120,000 dollar band will work as resistance until the macro table becomes clear.
Risk escaping tendency crypto currencyIt has spread to the general without discrimination between the s. Ethereum 
$4,414.61 Night hours decreased by 7.4 percent to $ 4,371. The price was recently over $ 4,900. Other large crypto coins have also weakened. XRP With a drop of 4.8 percent, $ 2.87, Solana $ 187.7 with a decrease of 9.85 percent, Bnb It is traded at 838 dollars with a decrease of 4.25 percent. Lucas said that the liquidations exceeded $ 900 million in a single session. According to Coinshares data, Maeda was an output of $ 1.43 billion from crypto currency -based investment products last week. stablecoin He added that their entrances remained horizontal, which points to a general risk reduction rather than internal rotation in the market.
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.
