Bitcoin rejected at $ 29,000, Arbitrum's arbitrums every day by 20 %: Weekend Watch

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Bitcoin sprang gestern über 29.000 $ und markierte ein neues Neunmonatshoch, aber das war nur von kurzer Dauer und der Vermögenswert ging in den folgenden Stunden stark zurück. Die meisten Altcoins sind ebenfalls tief im Minus, wobei SOL, APT, LDO, OKB und andere um über 5 % einbrachen. Bitcoin scheitert bei 29.000 $ Der Anstieg der primären Kryptowährung hatte Mitte der Woche vor der Entscheidung der Federal Reserve, ob die Zinssätze weiter erhöht werden sollen, in einem Sprung auf 28.800 $ gegipfelt. Da viele lokale Banken aufgrund der hohen Zinsen zu kämpfen hatten, glaubten viele Experten, dass die Fed endlich …
Bitcoin jumped over $ 29,000 yesterday and marked a new nine -month high, but that was only short -lived and the asset decreased sharply in the following hours. Most old coins are also deep in the minus, with Sol, APT, LDO, OKB and others collapsed by over 5 %. Bitcoin fails at $ 29,000. The increase in the primary cryptocurrency in the middle of the week before the Federal Reserve's decision as to whether interest rates should be increased further, in a jump to $ 28,800. Since many local banks had to struggle due to the high interest rates, many experts believed that the Fed was finally ... (Symbolbild/KNAT)

Bitcoin jumped over $ 29,000 yesterday and marked a new nine -month high, but that was only short -lived and the asset decreased in the following hours.

Most old coins are also deep in the minus, with Sol, apt, LDO, OKB and others collapsed by over 5 %.

Bitcoin fails at $ 29,000

The increase in the primary cryptocurrency in the middle of the week before the decision of the Federal Reserve, whether the interest rates should be increased further, in a jump to $ 28,800. Since many local banks had to struggle due to the high interest rates, many experts believed that the Fed would finally return from their politics.

However, this was not the case. The second annual FOMC session copied the first and the central bank increased the key interest rates by 25 basis points. Risk assets such as Bitcoin experienced a decline.

The cryptocurrency fell by $ 2,000 to just over $ 26,500 within hours. Nevertheless, it bounced off and jumped to over $ 28,000 by Friday. It continued and even rose over $ 29,000 (on Bitstamp) for the first time since June last year.

there, however, failed and the subsequent rejection pushed a lot south. So far, BTC is fighting under $ 27,500, while its market capitalization has fallen back to $ 530 billion. Market control has increased slightly and is just over 46 %.

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Arb dumps 20%

Apart from the FOMC session, all eyes in the crypto community were focused on the long-awaited Arbitrum Airdrop last week. The token finally started on Thursday with a lot of volatility before calming down at around $ 1.5 on Friday. However, Arb has broken down by over 20 % in the last 24 hours and is currently $ 1.2.

stacks is another massive loser in a daily basis after falling 14 % and trading below $ 1. Further losses are recorded by APT, LDO, OKB, Fil and Sol, all of which have decreased by more than 6 %.

The olds with larger caps are also in the red numbers, albeit in a modest manner. After a daily retracement of 2.5 %, Ethereum is $ 1,750. Ripple is one of the few exceptions with significant growths that have risen by 4 %.

Overall, the entire crypto market capitalization has dropped by around $ 20 billion to $ 1.150 trillion in one day.

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