Bitcoin falls below $ 25,000, Agix rises by 40 % daily (Market Watch) daily

Bitcoin falls below $ 25,000, Agix rises by 40 % daily (Market Watch) daily

The last 24 hours were a complete roller coaster ride on the entire cryptocurrency market and full action.

The price of Bitcoin increased over $ 26,000, only to fall back less later a day, while many old coins had to accept massive double -digit profits. Let's dive.

price roller coaster from Bitcoin

First of all, it is important to note that the Bureau of Labor Statistics published the figures for the consumer price index for February yesterday. The CPI for all urban consumers was 6 %, which was interpreted by market participants as an indication that inflation slowed down in the country.

immediately the price of Bitcoin rose.

TradingView

As can be seen in the above graphic, the cryptocurrency increased much higher and reached $ 26,386 (at Binance). This was the highest price since June 2022.

Now many expect a lower rate increase because the Fed is put under pressure in view of the turbulence with SVB, Signature Bank and Silvergate Bank to prevent additional load on the US banking system.

old coins print gains

Despite the decline, the price of Bitcoin remains significantly in the green area, but some old coins have managed to clearly exceed it.

Krypto quantify

As can be seen in the above heat map, atom cuts very well from the top cryptocurrencies after overall market capitalization, followed by Matic, Doge, University, Avax, LTC, Link, etc. and others.

Among the top 100 coins, the Agix of Singularitynet has exploded by a whopping 40 % in the last 24 hours, which makes it the most powerful old coin from this list. Close by Conflux (CFX) with a plus of about 35 % and stacks (STX) with a plus of 32 %.

On the other hand, XMR and Maker (MKR) from Monero could not capitalize on the recent increase and recorded a very slight decline of around 2 %last day.

In the wild trip of the past day, a total of around $ 300 million were liquidated in lit positions, of which around 60 % were short.

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