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The market capitalization of cryptography collapsed by 7.5% in the last 24 hours to 2.65 billions of dollars, the lowest level since November 10. Unlike the dynamics of the previous two days, there was no rebound at the beginning of Friday; There was just a shy consolidation attempt. It seems that the market has found the pain of short -term buyers, eliminating the “weak hands”.
Bitcoin lost 8.6% in the last day, after falling less than $ 79,000. The formal downward trend limit and the 200-day mobile average remain above the current price level. Bitcoin will completely cancel Trump’s rally if it goes back to the $ 70,000 area, which acted as resistance for most of the past year. Going underneath will not be easy – the market is too occurred.
Ethereum fell below $ 2100, trading in the stockings of last year and trying to drop. This bad news is amplified by the “Cross of Death”, a bearish signal that occurs when the 50 -day mobile average decreases below the 200 -day mobile average. Ironically, this signal was followed by stabilization last August, although a full return of buyers had to wait three months.
New context
Presto Research attributes the sharp drop in bitcoin in recent days for the decreased hedge funds to the arbitration of the “base distribution”. The base of the CME and the Binance, in terms of annualized rate, do not yet show signs of recovery.
SignalPlus draws attention to the weakening of implicit volatility of bitcoin as prices drop, which acts as a symptom of speculators abandoning the expectations of short -term growth.
The co-founder of Gemini Crypto-Monnricy Exchange, Cameron Winklevoss, said that the American sec had ceased to investigate the platform and would not recommend any application measure.
The USDT Stablecoin de Tether will soon take charge of transactions on the blockchain Tron at no cost in TRX. According to Justin Sun, founder of the Tron ecosystem, the new option will be available in early March.
