The crypto money market experienced a great collapse with liquidations exceeding $ 600 million in the last 24 hours. Even the US decision to create a strategic Bitcoin reserve was not enough to create a positive atmosphere in the market. In particular, the US Report NFP (NFP) reported that the Fed could take a hawk stance on interest policies and made investors anxious. The market value decreased by 5.5 %and decreased to $ 2.68 trillion, and the Fear & Greed Index (Fear & Greed Index) entered the “extreme fear” zone.
Bitcoin fell to $ 82,000
Bitcoin lost 4.3 %and fell to $ 82,200. Despite the US move to create Bitcoin reserves, BTC has a $ 241 million liquidation. Bitcoin’s market value decreased to 1.63 trillion dollars.
The decline in Bitcoin was due to global economic uncertainties and the Fed’s interest rate hike signals. Investors focus on Powell’s explanations, while Bitcoin needs a strong recovery to re -test the $ 90,000 level. For now, the continuation of sales pressure indicates that the market may experience more.
Altcoins are experiencing great losses
The sales wave in Bitcoin also adversely affected leading Altcoins such as Ethereum (ETH), Solana (left) and XRP. Ethereum depreciated by 5.2 %, solana 8.5 %and XRP by 6.9 %.
Ethereum, 2 thousand dollars, solana 127 dollars, XRP fell to $ 2.15. In total, 108 million dollars in Ethereum, $ 31 million in XRP and 26.5 million dollars in Solana. It is estimated that decreases may continue throughout the Altcoin market.
Winners and Loser
Despite harsh sales throughout the market, some crypto currencies managed to rise. Ethena was the most rising token with an increase of 6.5 %, while Story IP gained 4.1 %. Xaut, which was fixed below ounces, made a small rise of 0.11 %.
However, Jasmycoin (JASMY) fell 13.16 %, Movement (Move) 13.1 %and Kaspa (muscle) 12.9 %decreased by 12.9 %. High volatility in the market causes investors to move cautiously, while fluctuations in crypto money markets are expected to continue in the coming days.
