Crypto economy loses 8% of value and shakes billions, guilt is placed on a new covid variant-market tactualizations
Crypto economy loses 8% of value and shakes billions, guilt is placed on a new covid variant-market tactualizations
In the last 24 hours, the crypto economy has lost 8% of value, since a large number of crypto-asset prices have dropped significantly during the overnight trading sessions. The cryptoma markets lost more than $ 22 billion in value because the leading digital currencies in the top 20 rankings lost between 6% and 20%.
global markets are feared in variant B.1.1.529
The global markets are shaken today when headlines explain that a new Covid 19 variant called B.1.1.529 spread beyond South Africa, where it was discovered. The variant b.1.1.529 should be more contagious than the Delta variant and is supposed to be 30 mutations . As soon as the headlines broke, the markets began to decrease in almost all countries around the world and exploded investments in connection with the oil and gas sector. For example, the international benchmark for a Barrel Rohöl of the Brent variety lost value of 5.3 %.
On Friday, the economist and Bitcoin supporter Alex Krüger tweeted how the new variant broke up the global markets. "The global markets today frightened this new covid variant," said Krüger . "Large movements in the global markets. Waited growth stocks, crowded, rods, rates lowered, rotation back into the technology industry. Dealers praise higher chances of renewed blocking in terms of conditions with low liquidity.
The crypto economy lost 8% in value during the night sessions on Thursday and in the trading sessions on Friday morning. At 11:00 p.m. (EST) on Thursday, Bitcoin ( btc ) was exchanged for over 58,000 per unit btc changed the owner for a little more than 54,000 US dollar per unit. Bitcoin has fallen 7.9 % in the last 24 hours and its market capitalization is just above the $ 1 billion mark. Ether ( eth ) on the last day of 9.4% and every ether lost on Friday for just over $ 4000 per unit. The more than 11,000 existing crypto coins lost more than $ 22 billion in value and the global trading volume is now around $ 200 billion. Stable coin trading accounts for more than half of the recorded volume with $ 115.1 billion on a 24-hour tablecoin trade volume. On Friday you shared some market insights in connection with bitcoins ( btc ) current state. "According to data from Huobi Global, btc has fallen further since the morning, and his dynamic has increased significantly in the afternoon and quickly fell on 54.500. said Huobi's analyst global. "The daily decline exceeded 4,000 and is still declining. The current position broke out the minimum point of 55500 in the last downward round. From a long-term perspective, the downward trend of btc The prices have not changed and a new round of downward correction has arrived, ”added the analyst. The market outlook of Du Jun continued: Measured on the 4H-K line, the transaction volume increased significantly, which increased Bitcoin's price changes. The price crossed the lower rail of the Bollinger band, the EMA lines turned down and DIF crossed Dea clearly down, which formed a sales signal. It is to be expected that the downward trend is weakening at short notice and even adapting horizontally, but the long -term downward trend remains unchanged. From a day-to-day view, today's Bitcoin price jumped out of the horizontal adaptation last week and made a clear linear reaction to the downward trend a week ago, which means that the adjustment of the Bitcoin price last week only accumulates downstream moment. Pay attention to the extent of the price correction at short notice. Alex Kuptsikevich, Senior Market Analyst from FXPRO, also explained how the jerk in the global markets puts the cryptoma markets under pressure. "Due to the institutional love affair, Bitcoin is considerably susceptible to moments of exit from risky assets if everything is sold, regardless of the prospects," Kuptsikevich told Bitcoin.com News in a market tactualization note sent on Friday. "[Bitcoin’s] Heavy sales risks that have the entire cryptocurrency. From a different perspective, small investors have developed a reflex to buy crypto due to coronavirus fears, with the WHO discussing new virus variants and restrictions on air travel," added Kuptsikevich. The FXPRO-Analyst closed: This means that real crypto enthusiasts and long-term investors in cryptos could consider buying them from the severe departure when the traditional financial institutions exit. What do you think about the current status of Bitcoin prices and crypto economy? Let us know your opinion on this topic in the comments below. Bedy verification : Shutterstock, Pixabay, Wiki Commons $ 22 billion in value left the crypto industry, which leads to an accumulation of "downward trend"
institutional and coronavirus fears