The crypto money market experienced a harsh decline after the latest statements of Federal Reserve President Jerome Powell on Tuesday. Bitcoin (BTC) fell to the levels of $ 95,000, while the Ethereum (ETH), XRP and Solana (left), such as subcoins also participated in the decline trend. Market participants have a cautious stance before the US CPI (CPI) and PPI (PPI) data to be announced in the coming days.
General view in the crypto market: Bitcoin price is 95 thousand dollars
In the last 24 hours, the total value of the global crypto currency market decreased by 1.82 %and fell to 3.14 trillion dollars. However, the total market transaction volume increased by 8 %and reached $ 1057 billion. One of the main reasons for the fall in the market was Powell’s Sahin in his speech at the Senate Banking Committee. This increased sales pressure on risky assets, while in the last 24 hours, the market has approximately $ 240 million liquidation. The leading crypto currency Bitcoin fell to $ 95,389 by losing more than 2 %value during the day. BTC’s lowest level in the day was 94,875 dollars, while the highest level was recorded as 98,492 dollars. Bitcoin’s market domination fell by 0.08 %to 60.37 %compared to the previous day. In addition, the Bitcoin market in the last 24 hours of the liquidation of approximately $ 44 million.
Ethereum (ETH) and Altcoins in the fall
The price of Ethereum (ETH) decreased by 3.5 %to $ 2,592. During the day, ETH’s lowest and highest levels were recorded as $ 2,565 and $ 2,724, respectively. In the ETH market, $ 30.23 million in the last 24 hours took place. Similarly, the XRP price decreased by 2 %to $ 2.39. The lowest level during the day was $ 2.38 and the highest level was 2.53 dollars. The XRP market has 6.05 million dollars of liquidation. Solana (left) price decreased by more than 3 %to 194.61 dollars. The lowest and highest prices of the SOL during the day were 194.23 dollars and $ 205,92, respectively. Breast coins also kept up with the general decrease trend of the market. The Dogecoin (Dogge) price decreased by 2.5 %to $ 0.2512, and shiba Inu (SHIB) decreased by 2 %to $ 0.00001561. Breast coins such as Pepe, Trump and Bonk also suffered a depreciation of 2 %to 6 %.
Uncertainty continues before inflation data
The Crypto Money Market remains unclear before the US TFİE (CPI) and PPI (PPI) data, which will be announced on February 12 and 13. Powell’s Hawk attitude towards interest policies is expected to reduce the risk appetite of investors, while inflation data can increase pressure on crypto beings. The most winners and losers of the daily daily:
- Virtuals Protocol (VTUAL): increased by 5 %to $ 1.33.
- SONIC (S): 5 %rise to $ 0.4666.
- FTX Token (FTT): It increased by 5 %to $ 2.02.
- Onyxcoin (XCN): decreased by 9 %to $ 0.02112.
- Ethena (ENA): 9 %dropped to $ 0.4337.
- Jasmycoin (JASMY): 6 %loss fell to $ 0,02185.
