- The market capitalization of cryptography fell 3% to 3.52 dollars with a 25% drop in negotiation volumes.
- $ 250 million in cryptographic liquidations took place, with $ 153 million in 12 hours.
- Bitcoin dropped from 3% to $ 102,467 and Ethereum dropped from $ 3 220.
The cryptography market has experienced a clear sale when the feeling of the world market has become sour. The market capitalization of cryptography fell 3% to 3.52 dollars, while negotiation volumes have dropped by 25% in the last 24 hours. The main cryptocurrencies like Bitcoin, Ethereum and the main altcoins have experienced significant price reductions, the lowering trends overlooking the market.
Market feelings and liquidations trigger the sale of the cryptographic market
The volatility of the market increased when liquidations rose, more exacerbating the sale of crypto. Coinglass data showed a value of 250 million dollars in cryptographic liquidations during the last day, with $ 153 million in the 12 hours. Bitcoin and Ethereum led the drops, Bitcoin plunging more than 3% to $ 102,467 and Ethereum lowering from $ 3 220.
The decline occurred while optimism surrounding the inauguration of Donald Trump has faded. Despite the anticipation of friendly friendly policies or ads related to Bitcoin, none came to a material during Trump’s speech. Adding to pressure, the American Sec has introduced a new cryptographic working group, reporting a tighter regulatory examination to come.
Decision of the increase in interest rates of the Banque of Japan
The future decision of the Bank of Japan to increase interest rates weighed heavily on the feeling of the market. Analysts expect an increase of 25 basic points at 0.5%, the highest level in 18 years. This potential decision threatens global liquidity and risk assets, cryptocurrencies such as bitcoin historically negatively reacting to such events.
The possibility of relaxing the Yen transport trade has still frightened investors. Last year, similar scenarios sparked a sudden drop in Bitcoin prices during boj level increases. This imminent decision has aroused fears of new sales in the cryptography market in the coming days.
Fed interest rate decision in the United States
The next political meeting of the federal reserve has added another layer of uncertainty to the market. Current projections indicate a chance of 99.5% interest rate remaining at 4.25% -4.50%. However, the increase in treasury yields and a stronger US dollar index created additional opposite winds for cryptocurrencies.
The price of Bitcoin traditionally switches to the dollar index and the yields of the treasury, which makes these factors essential. While the dollar climbs around 109 and the yields oscillate almost 4.6%, traders are preparing for more volatility. The comments of the president of the Jerome Powell Federal Reserve will probably shape the short -term market dynamics.
Bitcoin and Ethereum Options Expirey
The upcoming options are still expanding greater volatility on the market, with important contracts that will expire this week. Denibute data revealed that 29,000 Bitcoin options worth $ 3 billion will expire, with a 0.48 ratio. Meanwhile, 169,000 Ethereum options worth almost $ 500 million is also approaching expiration, with a maximum point of pain than current prices.
These expirations often lead to erratic price oscillations as traders adjust the positions. The lowering of the market and the drop in trading volumes suggest that cryptocurrencies could cope with additional drop pressure. Merchants are looking closely at these developments to assess the next market movement.
