Finance News

As investors prepare for key inflation data, Bitcoin, Ethereum, Dogecoin flat: Top analysts said this week that it is comparable to any “crisis” period, but you should be bullish – Gray Bitcoin Mini Trust ( BTC) No benefits of split fractions (ARCA: ARCA: BTC: BTC: BTC: BTC: BTC: BTC: BTC))

The leading cryptocurrency moved sideways key inflation data ahead of Sunday’s week.

Cryptocurrency Revenue +/- Price (recorded at 7:45 ET)
Bitcoin BTC/USD +0.32% $96,829.94
Ethereum ETH/USD
+0.77% $2,648.76
Dog Doge/USD -0.22% $0.2522

what happened: Bitcoin Merge between $95,000 and $97,000. The leading cryptocurrency fell to a chassis low of $94,745 before returning to $97,000.

Ethereum Swinging in the $2,600 area as the Bulls waited for a decisive breakthrough.

In the past 24 hours, cryptocurrency clearings have reached US$228 million, with long-term liquidation accounting for US$146 billion.

Bitcoin has had a slightly 0.36% open interest in the past 24 hours. According to the length/short ratio, more than 51% of Bitcoin futures traders are short coins.

According to the Crypto Fear & Greed Index, market sentiment remains in the “fear” area, indicating that further price correction may be needed.

Maximum bonus (24 hours)

Cryptocurrency Revenue +/- Price (recorded at 7:45 ET)
BITTENSOR (pottery) +6.67% $370.23
Litecoin (LTC) +6.27% $111.27
Artificial Super Intelligent Alliance (FET) +6.26% $0.7792

The global cryptocurrency market capitalization is $3.17 trillion, up 0.40% in the past 24 hours.

On Sunday night, stock futures were released on the screen. this Dow Jones Industrial Average Futures As of 7:45 pm ET, it rose to 68 minutes, or 0.15%. Futures and S&P 500 0.26% is obtained, while Nasdaq 100 Futures Increased by 0.38%.

The upside is ahead of crucial macroeconomic data this week, including Wednesday’s Consumer Price Index Report and Thursday’s producer price index.

See more: The best cryptocurrency scanner

Analysts note: Popular crypto analysts and traders Michaël Vande poppe The “strong week” of cryptocurrencies is expected to be consistent with the release of CPI and PPI data.

“This week is comparable to any previous crisis period,” Van de Poppe said. “During a crisis you want to be bullish, the biggest pain is upward, not downward.”

Another famous cryptocurrency researcher, Ali Martinez, Weighed the possibility of Ethereum rally.

Everyone’s eyes are $2,600! If this critical support level is reached, ETH can gain momentum from a bounce of $3,000 or even $4,000,” analysts expect.

Photo by Igor Faun on Shutterstock

Read the next article:

Market News and Data Benefits to You by Benzinga API



Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
×