The cryptocurrency market has not shown any significant fluctuations in the past 24 hours, with many leading digital assets stabilized at the levels that were observed on March 8.
It was Bitcoin (BTC) Dance About $ 86,000, only represent 0.4 % Daily decline.
Calm before the storm?
The past few days have been very turbulent for the initial encrypted currency, which has been circulated In the wide range Between $ 78,000 and 95,000 dollars. Some of the developments that might affect its performance were the escalating trade war launched by US President Donald Trump and the pioneer advertisement Regarding the creation of BTC strategic reserves in America.
On March 7, the Republican hosted a historical encoding summit in the White House, which civilized region By well -known executives of encryption and members concerned in his administration. During the event, Trump doubled lowest He promised to establish such reserves and Assure The United States will follow the “Never sell BTC” plan.
Many industry participants expected in the past to lead the assembly huge Divide the leading digital assets. However, this was not the caseAnd in In fact, BTC fell to less than $ 8,500 before recovery to about $ 86,000.
It should be noted that some market monitors assumed that the event could lead to the “news sale” scenario. In addition, Trump’s executive order did not provide anything new to investors and provides the minimum practical benefits of BTC and other coins listed in the stock of digital assets, because the US government will not invest money to buy it.
During the next 24 hours, BTC flipped between 85,700 dollars and 86,500 dollars, as it was eventually merged with the current $ 86,000.
We still have to see whether the beginning of the work week will provide a new set of disorders or if the price will remain relatively stable. One of the elements that may pay the improved fluctuations is the next version of CPI data scheduled for March 12.
The report is closely monitored by the Federal Reserve That takes The inflation numbers are in mind to determine whether it will be raised, cut or preserved the Useful interest rates. Historically, these efforts It was followed up By increasing the volatility of BTC.
At the same time, the market value of the assets It is about 1.7 trillion dollars, while its hegemony is against it the Altcoins is the same on March 7 – About 58.2 %.
How is alts?
There is nothing dramatic with Driving alternative currenciesalso. Those who record simple gains in the past 24 hours include ETHEREUM (ETH), Solana (SOL), Avalanche (Avax), and UISWAP (UNI).
Ripple (XRP), Binance Coin (BNB), Cardano (ADA), DOGECOIN (DOGE), Tron (TRX) and Shiba Inu (SHIB) are located in the corresponding corner, as their prices decreased slightly for this time time.
The largest loser of the top 100 Club IS PI Network (PI), whose evaluation decreased by 12 %. currently, Trading at a price of about $ 1.57, away from the highest level ever at approximately $ 3 registered At the end of February.
The total value of the coded currency market is about $ 2.92 trillion, which represents 1.8 % Decrease for this day.
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