cryptocurrencies January 9 is not a good day for BTC and BTC falling below the lowest level of the last 24 hours makes things difficult. With the permission to sell Silkroad assets, BTC suffered a loss of over 10 thousand dollars as the economic data coming from the US front negatively affected the risk markets.
Cryptocurrencies Are Falling
BTC It dropped to $92,500 in the last 24 hours. At the time of writing, the price has dropped below this as well and is close to $92,125 at the time of writing. In an environment where $90,500 is lost, we may face the risk of falling to $86,000.
In altcoins BTC losses, which further increased the decline, brought about large liquidations shortly before Trump took office. Although Trump clearly stated that he would not sell his cryptocurrencies, the Biden administration is attempting to do so in its final days. In the last minutes of the 4-year nightmare, we feel the Democrats’ hatred towards crypto even more.
We will see the statements of 3 Fed members in the coming hours and this will be useful to understand the current situation. On the other hand, US markets are closed due to mourning and key employment data will be announced tomorrow.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
