Bitcoin falls below $ 22,000 because old coins get a blow (market observation)

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In den letzten 24 Stunden hat der gesamte Kryptowährungsmarkt mit sehr wenigen Ausnahmen rote Zahlen geschrieben. Der Preis von Bitcoin stürzte nach der gestrigen Rede des Vorsitzenden der US-Notenbank sogar unter 22.000 $. Allerdings haben es Altcoins viel schlimmer als BTC, wobei viele von ihnen erhebliche Rückgänge verzeichnen. Bitcoin rutscht unter 22.000 $ Der Preis von Bitcoin ist seit gestern mehrfach unter 22.000 $ gefallen und wird derzeit (auf Binance) genau auf diesem Niveau gehandelt. TradingView Der Preis begann vor einigen Tagen nach unten zu tendieren, aber die Bewegung wurde nach der gestrigen Rede von Jerome Powell vor dem Kongress …
In the past 24 hours, the entire cryptocurrency market has written red numbers with very few exceptions. Bitcoin's price fell after yesterday's speech by the chairman of the US Federal Reserve even under $ 22,000. However, old coins have much worse than BTC, with many of them recording considerable declines. Bitcoin slips below $ 22,000 The Bitcoin price has fallen under $ 22,000 several times yesterday and is currently (on Binance) exactly at this level. TradingView The prize started to tend down a few days ago, but after yesterday's speech by Jerome Powell, the movement was before the congress ... (Symbolbild/KNAT)

In the past 24 hours, the entire cryptocurrency market has written red numbers with very few exceptions. Bitcoin's price fell after yesterday's speech by the chairman of the US Federal Reserve.

However, old coins have much worse than BTC, with many of them recording considerable declines.

Bitcoin slips under $ 22,000

The Bitcoin price has fallen under $ 22,000 several times yesterday and is currently (on Binance) exactly at this level.

Btcusdt_2023-08_1-43-50 Tradingview

The price started to tend down a few days ago, but after yesterday's speech by Jerome Powell, the movement was still exacerbated before the congress. He testified in front of the Senate banking committee and indicated that the Federal Reserve will probably increase the key interest rates more than previously expected.

The latest economic data are stronger than expected, which indicates that the final level of interest rates will probably be higher than previously assumed. - said Powell.

This sent the market on a roller coaster ride when the price fell below $ 22,000, only to recover moments later. From then on, however, BTC continued and is currently about this important level.

old coins have even worse

As can be seen in the following heat map, many old coins act well in the red area, with some considerable declines.

Cryptocurrency_Heatmap_08023231 Krypto quantify

For example, OKB has fallen by a whopping 12 % in the last 24 hours, followed by Solana, which has fallen by about 6 %. These are the worst performers of the top cryptocurrencies measured by the overall market capitalization, but in the middle of the small cap coins such as Agix, STX and OP token from Optimism, all of which have fallen by almost 10 % that day, it becomes even more frightful.

Of course there are some exceptions to the above. CFX has increased by 4.5 %, while XRP also recorded a small increase of about 3.5 %.

The mood on the broader cryptocurrency market remains neutral, according to Fear and Greed Index. In fact, it even improved a little compared to yesterday, which is quite interesting in view of the current decline.

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