Today’s encryption prices: Bitcoin applies about $ 78,000 in the main references; Spx6900 leads to the top of altcoins
Bitcoin stumbled from the gate, where the global markets felt the effects of US trade tensions.
Amid fears of the 1987 black style crash, the total market ceiling in Crypto sank about 10 % to $ 2.44 trillion before a short -term bounce on the hopes of the tariff. Rumors of continuous conversations with more than 50 commercial partners have offered a brief reduction, but soon no longer sold.
Over the past 24 hours, more than $ 1.25 billion has been eliminated in long positions, providing a brutal liquidation wave of $ 1.63 billion.
Most of the damage came within a 12 -hour window, as Longzz got $ 559 million.
Market morale indicators were shredded in red at the time of the press, with the Crypto Fear & Greed index sliding 10 points in the extreme fear area.
The broader Altcoin market reflected Bitcoin, with a few of the best 99 symbols belonging to profitability in the late Asian trading hours on Monday.
Will the price of bitcoin be disrupted?
Bitcoin failed to obtain decisive support of $ 80,000 after the White House rejected rumors of delaying 90 days in the new definitions.
The brief gathering that rapidly followed the initial reports faded, and BTC slipped to less than 78 thousand dollars with feelings turning into a sharp drop, confirming that the encryption markets are still very interactive with global macro signals.
QCP Capital, in a bulletin of its subscribers in Telegram, said the markets are likely to remain tense as world powers rush to put themselves in continuous trade talks.
The company noted that the uncertainty about the customs tariff policy pushes investors to remove the risk, as the encryption achieved great success along with the traditional markets.
They also referred to the recent observations of the American president, which, despite expressing the desire to avoid market losses, indicated that “sometimes you should take medicine.”
According to QCP, this indicates that the administration may be ready to overcome the short -term economic pain to push its commercial agenda, raising the risks to global markets and perhaps less Gray if progress is made in the coming days.
Despite the volatility, Bitcoin found some foot in the mid -$ 70,000 range, approaching its highest levels in March 2024 before settling.
According to Glassnode on the series’s analyzes, its last level was not random, and was carefully lined up with the main cost levels where large parts of BTC supplies had previously changed.
Glassnode noted that about 50,000 BTC was last transferred near 74.2 thousand dollars, which is the first major supply group less than 80 thousand dollars.
This region is often kept by investors who were mainly raised on the basis of cost until March 10 and have been inactive since then, indicating that they are likely to be carrying long -term.
Below, the data on the chain shows additional support between its latest lowest levels and a brand of $ 70,000, with a concentration of about 175,000 BTC in this region. The largest costs are set at $ 71,600, owned by about 41,000 BTC and $ 69,900, where approximately 68,000 BTC are held.
At the time of the press, Bitcoin used to unify higher levels of these levels, indicating that their long -term holders may intervene to accommodate the pressure pressure.
According to the Crypto TED analyst, in order to gather relief to transport, Bitcoin needs to restore the 50 -day SIA moving average (EMA), a historically historical level between the bullish and volatile momentum.
source: Ted on x
At the time of this report, Bitcoin was trading at $ 78,468, just higher than 50-ema.
Restoring, if confirmed, can be a short -term bullish sign, which may lead to a relief gathering where confidence begins to return to the market.
However, TED warned that if BTC fails to keep this level, the door remains open to decrease about 69,000 – 70,000 dollars.
Altcoins caught the repercussions
In the past 24 hours, the Altcoin market ceiling decreased by 4 %, as it was about $ 1.03 billion at the time of this report.
This sharp withdrawal coincided with a weak reading of 16 on the Altcoin season index, which means that only 16 of the best 100 altcoins have surpassed Bitcoin during the past three months.
ETHEREUM (ETH), the largest altcoin by market cap, achieved great success, as it decreased by 11.36 % in one day.
Other heavy hunger strikers such as XRP, Solana (Sol), Dogoin (Doge) and Cardano (ADA) were not, where they recorded the losses between 7 % and 10 %.
Even in the Red Sea, some extremist values stood on their soil. SPX6900 (SPX) was the only distinctive symbol at the top of 99 to achieve double -number gains, challenging the broader market collapse. Meanwhile, Fartcoin (Fartcoin) and four (shape) managed to spread modest gains. see below:
source: Coinmarketcap
When balanced on the situation, Ming Wu, CEO of Rabbit, told X Invezz that the sharp decline is not just an encryption story; It is part of a wider Macro storm.
He said: “With the reunification of global definitions, the markets were already tense.” “The stock markets were shattered through many trading sessions, and because the encryption is trading around the clock throughout the week, Altcoins was quickly arrested in the repercussions.”
He added that these symbols are among the most liquid speculation, which makes them very weak in panic times.
Komodo Cto Kadan Stadelmann also shared his ideas, saying that Altcoins is not particularly installed during quantitative tightening periods, unlike the bulls that we saw during light monetary policy.
“Altcoins flourished in the era of easy money,” he said. “But in a risk environment, with high rates and more strict liquidity, they are struggling to show real flexibility.”
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