Crypto markets lost $ 40 billion when Bitcoin fell to a 10-day low: weekend monitoring

Crypto markets lost $ 40 billion when Bitcoin fell to a 10-day low: weekend monitoring

Bitcoin did not react well to the latest PCE data from the United States and fell almost a giant to a ten-day low.

The old coins also sit deep in the red numbers, with the greatest losses of Matic, Dot, Uni and others.

Bitcoin fell to $ 23,000

The end of last week was much better than this when BTC shot down in the height and marked a six -month high of over $ 25,000. At first he did not succeed in decisively overcoming this line, but continued to try. However, all three attempts were quickly rejected.

The last one that came in the middle of the week pressed the cryptocurrency south to $ 23,500. The bulls tried to intercept the movement and drove Bitcoin again hours later to over $ 24,000. It seemed that the asset had calmed down for this level, but the landscape changed when the United States announced that the PCE inflation index had increased by 0.6 % for January.

Bitcoin reacted with a severe drop in prices that drove him from $ 24,000 to just under $ 23,000. The asset has thus recorded its lowest price for ten days.

It is currently only a few centimeters over $ 23,000, but its market capitalization is less than $ 450 billion. Its dominance over the Alts is more likely to stagnate CMC with 42.1 %.

Btcusd. Tradingview

old coins see red

As it usually happens, if there is an increased volatility with Bitcoin, the old coins feel this even more.

Ethereum fell 3 % that day and fights to stay over $ 1,600. Binance Coin has declined by a similar percentage and is $ 300. Cardano, Ripplleokb, Dogecoin, Solana, Shiba Inu and Litecoin also write red and lose up to 5 %in one day.

Those who have now declined by over 5 % are polygon, polkadot, avalanche, uniswap, chainlinkfilecoin and many others.

Overview of the cryptocurrency market. Quantify crypto