Bitcoin price It dropped to $72,945 in the last 24 hours, and losses in altcoins exceeded 8 percent. US markets were not supportive yesterday. Since BTC has not yet started a rapid recovery today, the weakness in altcoins is expected to continue. So what is the latest situation in the US markets? What awaits cryptocurrencies in the new era?
Cryptocurrencies Latest Status
Xi and trump He just made a phone call. in Istanbul on Friday Iranian There are negotiations with the USA and yesterday, an Iranian UAV was shot down with F35. Geopolitical risks remain evident. The Supreme Court is expected to announce its tariff decision on February 20, so February does not seem to be a great period for cryptocurrencies.
Shares recovered slightly in premarket trading after Software shares fell sharply. Gold regained 5 thousand dollars per ounce. Today’s rise was driven by stocks linked to economic growth. Futures linked to the Russell 2000 gained 0.4%, but BTC remains stagnant as correlation with crypto remains out of whack for now.
Nasdaq 100 contracts are flat. Chemical and automotive manufacturers in Europe are increasing their earnings. Novo Nordisk fell 17% due to below-expectations sales expectations.
New concerns on the artificial intelligence side continue to weigh on market sentiment. Yesterday’s decline was triggered by Anthropic’s launch of a new automation product.
The dollar gained 0.2% and Treasury yields rose. On the yen side, Takaichi’s likely election victory is priced in.
Calendar of the Day
We will not see big things for Cryptocurrencies. PMI data will be available at 18:00. At 20:00, Barkin Aiken from the Fed will speak at the Rotary Club Economic Symposium. The biggest event of the day was the ADP data, and although it was weak, cryptocurrencies are stagnating as interest rate cut forecasts have not changed much due to economic growth expectations.
Alphabet’s last quarter earnings report, due at 00:00, is very important. The trillion-dollar giant’s AI earnings and expectations will cause increased activity for both the stock market and crypto. Then Qualcomm earnings reports will be announced.
of Bitcoin If the ongoing closes below $78,000 continue until Sunday, losses in altcoins may increase. The social media FUD on Binance continues. Claims about the largest stock exchange in terms of volume grew with the involvement of SXP former CEO Nayiem. If there is a bankrupt in the stock market, this may be a reason for BTC to run to 56 thousand dollars.
