The crypto sale, which is fueled by FED care, deletes bets of almost $ 900 million
The crypto sale, which is fueled by FED care, deletes bets of almost $ 900 million
Bitcoin dealer experienced their worst day in a month after turbulence in traditional markets had overturned the trade in digital assets and had been angry worth almost $ 900 million.
The liquidations that Leveraged Trader met came after the US Federal Reserve Fed had signaled that it could tighten the monetary policy earlier than many investors expected to fight the increasing inflation. The prospect of rising interest rates has led to price losses on the stock markets and driven the returns of government bonds up.
The postponement of the attitude also triggered a sale at Bitcoin, which lost 10 percent of its value in the last 24 hours and, according to FT Wilshire's Bitcoin price meter, was traded at $ 42,645. According to Coinglass data, the strong decline of around $ 47,000 has washed out the positions on the stock exchanges worth $ 895 million, the greatest clearing since December 3.
Bitcoin has lost 36 percent of its value since his all -time high in November when it was traded over $ 67,000.
The influence of events in traditional markets on the prices of digital assets has increased in the past few months due to the participation of Wall Street players in the cryptocurrency markets. This tightened the relationship between the stock markets and the Bitcoin price, as major investors react to events.
Despite the unrest, Goldman Sachs predicted this week that Bitcoin could reach $ 100,000 if it would take over market shares. Both are viewed by some analysts and investors to protect Portfolios against the currently high inflation worldwide.
Zach Pandl, co-manager for global foreign exchange, interest and threshold market strategy at Goldman, said that Bitcoin's proportion of the portfolios will probably increase if the introduction of digital assets progresses, which could drive up the price.
"Hypothetically if the proportion of Bitcoin in the value storage market should increase to 50 percent over the next five years.
Source: Financial Times
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