Total market value in the crypto money market in the last 24 hours and Bitcoin $120,786.28 The price experienced a significant decline. Following the rise in the daytime hours, especially the profit sales of investors and the upcoming US Consumer Price Index (CPI) report may cause the uncertainties, this withdrawal was effective in this withdrawal. Among the Altcoins, Fartcoin’s 19 percent depreciation was one of the most remarkable developments.
Rapid fluctuation in market value
The total crypto currency market value decreased by 18 billion dollars in the last 24 hours to $ 3.91 trillion. The fluctuation of $ 100 billion in a short time brought up the instability in the market again. According to experts, investors may face rapid changes in price movements in the short term.
The expected US CPI report is seen to cause concern and uncertainty among investors. It is stated that if inflation pressure occurs after the announcement of the report, the volatility in the market may continue. Currently, the total market value is located in $ 3.91 trillion, while the downward pressure increases, it is expected to decline up to $ 3.81 trillion, and the market value may exceed $ 4 trillion.
Bitcoin price withdrawal
The price of Bitcoin did not have a big decline during the day; The current price is $ 118,933. Although the market pressure continues, according to expert analysis, Bitcoin’s relative power index (RSI) is above the neutral level. This shows that the positive momentum is still continuing.
However, if investors’ profit sales increase, the price of Bitcoin may decrease below $ 117.261 and the procurement pressure may be reduced. According to analysts, it is thought that if the price fell to $ 115,000, the current positive course may be invalid and a downward correction may begin.
Beıncrypto Editor Harsh Notariya said that “short -term fluctuations may affect the market and that investors carefully follow the US CPI report”.
19 percent decrease in Fartcoin
Among the Altcoins, especially Fartcoin was token, which lost the most of 19 percent in the last 24 hours. Fartcoin, which is currently traded at $ 0.87, holds just above the support points. According to technical analyzes, the short -term trend in the short term gains strength.
If the Fartcoin price falls below the current support point, it may decrease to $ 0.80. On the contrary, if the price rises from this level, it may exceed $ 0.92 resistance and see the response in the short term. However, the continuation of the pressure throughout the market has a negative impact on Altcoin.
The Beincrypto technical analysis team stressed that “Fartcoin’s current support level cannot be maintained if the current support level cannot be protected”.
As a result, the crypto money market became a wavy appearance after short -term rise. Macroeconomic data from the US and investor tendencies can be decisive on the orientation in the market. It is recommended that investors should closely follow the market and be cautious against possible developments.
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.
