Market observation: Bitcoin cannot push to $ 24,000 because market capitalization loses $ 15 billion

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Von: Krypto News Österreich

In den letzten 24 Stunden verlor die gesamte Marktkapitalisierung der Kryptowährung insgesamt rund 15 Milliarden US-Dollar. Dies war auf leichte Rückgänge bei den großen Kryptowährungen wie Bitcoin, Ethereum und anderen zurückzuführen. Es ist interessant zu sehen, ob diese Entwicklung darauf hindeutet, dass den Bullen die Puste ausgeht oder ob sie sich einfach auf eine weitere Aufwärtsbewegung vorbereiten. Bitcoin-Preis kann $24.000 nicht drücken Gestern erreichte der Preis von BTC auf Binance ein Intraday-Hoch von genau 24.000 $, wie in der folgenden Grafik zu sehen ist. Das Niveau wurde jedoch von den Verkäufern heftig verteidigt, und sobald sie eintraten, begann die Kryptowährung …
In the past 24 hours, the entire market capitalization of cryptocurrency has lost a total of around $ 15 billion. This was due to slight declines in large cryptocurrencies such as Bitcoin, Ethereum and others. It is interesting to see whether this development indicates that the bulls run out of breath or whether they simply prepare for another upward movement. Bitcoin price cannot press $ 24,000 Yesterday, the BTC price on Binance reached an intraaday high of exactly $ 24,000, as can be seen in the following graphic. However, the level was violently defended by the sellers, and as soon as they entered, cryptocurrency began ... (Symbolbild/KNAT)

In the last 24 hours, the entire market capitalization of cryptocurrency has lost a total of around $ 15 billion. This was due to slight declines in large cryptocurrencies such as Bitcoin, Ethereum and others.

It is interesting to see whether this development indicates that the bulls run out of breath or whether they simply prepare for further upward movement.

Bitcoin price cannot press $ 24,000

Yesterday the BTC price on Binance reached an intra-raday high of exactly $ 24,000, as can be seen in the following graphic.

The level was violently defended by the sellers, and as soon as they occurred, cryptocurrency began to decrease. It crashed to around $ 23,200, but the buyers intervened and pressed it to a stand of just under $ 23,500.

btcusd_2023-02_1-40-54 Tradingview

The increased volatility, according to Coinglass, has led to liquidated positions worth around $ 60 million in the last 24 hours. The entire trading volume remains relatively low at around $ 60 billion.

It is interesting to see how the market will develop in the coming days when we enter March-a month that was historically declining, based on the median performance.

Also old coins cannot progress

As mentioned above, the entire market capitalization of the cryptocurrency decreased by about 15 billion USD after the rejection of yesterday's advance, and the following heatmap shows a clear picture of the reasons.

Crypto_Heatmap_Img1 Quantify

All big old coins currently act in the red, albeit with slight declines. Matic fell by 2.8 %, which more or less corresponds to the value of Shib - both cryptocurrencies are the worst performers among the largest coins after market capitalization.

Amra Luna Classic (LUNC) and Mina Protocol (Mina) have the best performers-each increased by 5.4 % and 4.4 %.

On the other hand, Rocket Pool (RPL) and Immutablex (IMX) with a minus of 9.3 % or 9 % are the cryptocurrencies with the worst performance. Stacks (STX) is the next one that has decreased by around 8.2 % in the last 24 hours.

However, it is interesting to determine that the general mood seems to have improved in the last 24 hours, has risen 1 point to 51 and is currently neutral.

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