Bitcoin $97,393.9the three -day decline trend continues. The largest crypto currency, which does not overcome the resistance of 99 thousand dollars, fell to 95 thousand 600 dollars with a wave of sales. These harsh movements in the market increased uncertainty among investors. QCP CapitalAccording to Binance, the main network of Bera Coin’s rise of Bera Coin, which is listed in Binance, increased the sales pressure through the market by drawing liquidity from other Altcoins.
Under Bitcoin sales pressure
Bitcoin, last night critical 99 thousand dollars could not exceed the level fell hard. This caused the market to hit the wide range of sales. Largest crypto currencyThe decline of up to 95 thousand 600 dollars further strengthened the decline series that has been going on for three days. According to CoinMarketcap data, Bitcoin finds buyers at $ 97 thousand 331 dollars at the time of this news. Although the current price levels mean that the decline is alleviated to some extent, it may be quite early to say that the danger is still in the danger.
According to QCP Capital analysts Bera The listing of Coin in Binance was the remarkable mobility in the markets. Altcoin rose to $ 15.50 in a short time today in the morning at the level of $ 7.60 found balance. This rise caused investors to leave other Altcoins and the liquidity to flow into Bera. Thus, sales pressure in the crypto money market, especially in Altcoins, was more intensified.
Regulatory developments and market expectations in the USA
On the other hand, in the USA in QCP Capital Crypto money arrangementsHe pointed out that there were important developments about. Accordingly, US President Trump’s attempts to make the sector more free. Finally SelectionIt was claimed that he would reduce the crypto currency control unit. According to analysts, this decision may contribute to the establishment of a new regulatory task force and the development of more constructive relations with the sector.
Moreover, Qcp Capital FDICHe noted that US banks reviewed their policies for crypto currency transactions. Within the scope of this examination, banks may provide some crypto currency services without pre -regulatory approval. Especially in areas such as crypto money storing services and tokenized deposits, banks may move more easily.
In addition, analysts underlined that the market cautious stance before the US non -agricultural employment data, which will be announced today, underlined that investors showed interest in Bitcoin 28 February 80k and BTC 21 February 90k sales options. According to QCP Capital analysts, this mobility in the option market shows that investors still tend to avoid risk.
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.
