The cryptography market has taken a blow today, most major tokens with heavy losses. Bitcoin fell below $ 117,000, Ethereum dived from $ 25.17% to $ 3,650, and other altcoins like Solana and XRP followed the same trend.
The sale came after a surprise outing of $ 130 million from ETF Bitcoin, breaking a sequence of 12 days of stable entries. Prices reaching recent peaks, some traders also locked profits, adding to pressure.
Another factor weighing on feeling is the future speech of the president of the Fed, Jerome Powell, who could influence the prospect of interest rates. Many investors hold back until they hear what Powell has to say.
Not yet overheated: the market always has room to breathe
Although prices decrease, things do not seem disastrous. According to data on the channel, the market is not in panic mode.
The cryptocurrency analyst Axel Adler Jr notes that Bitcoin is still negotiating in what he calls the “growth area”. This is the beach between the median of investors prices at $ 92,000 and the threshold for media threshing at $ 139,000.
“We are not in the danger of excessive speculation,” said Adler on X.
In simpler terms, this means that people hold or buy gradually, not chasing wild gains or the sale of panic. It is generally a good sign for market stability.
The advanced feeling index is located about 64%, which shows a positive perspective, but not on excessive confidence. If Bitcoin can stay above the $ 92,000 mark, it is likely to keep the support of long-term holders. This creates a solid base, even if prices remain volatile in the short term.
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What to look at
With the Powell Tuesday speech to come, all eyes are on what the Fed will then point out. If interest rates remain high longer, crypto could face more pressure. On the other hand, any signs of softening could bring a new wave of purchase.
However, given the current feeling and chain strength, there is room so that Bitcoin gradually climbs, as long as things are not too overheated.
Even after today’s net decline, Bitcoin does not show signs of panic or irrational media. As long as it holds above the key support levels, the rally can simply take a break, endless.
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Faq
Analyst Axel Adler defines it as a beach between $ 92,000 and $ 139,000, where investors’ interests are strong but not overheated.
Yes, its tone on interest rates can influence the feeling of risks, which has a direct impact on the volatility of cryptography.
Not necessarily – the data on the chain show that investors are still accumulating and the feeling remains positive.
