Bitcoin, Ethereum trade at weekly lows as market anticipates FOMC interest hike
Bitcoin (BTC) prices were the lowest in the last seven days of early trading hours on July 26, with the industry’s market capitalization per CoinMarketCap below $ 1 trillion. data..
according to dataBitcoin has lost more than 4% of its value in the last 24 hours and has traded at the lowest price of $ 20,913 in the last 7 days.
Meanwhile, some analysts predict that current price performance could once again push coins up below the $ 20,000 region.
#BTC It is back to the old range. 19k needs to be revisited.
If the stock price falls again within the next two weeks, BTC may see 14k again. If not, it cuts through the bottom of about 20k and at some point tries a new rally. pic.twitter.com/WhZozv1GXF
— BitcoinEcon (@BitcoinEcon) July 26, 2022
July 25 Glassnode report The sale may have ended due to “extreme demand” for $ 20,000-level flagship digital assets from “price-insensitive” investors.
The Glassnode report added that coins may require a “longer recovery time”.
Ethereum for less than $ 1500
The recent Ethereum (ETH) rally was also canceled despite renewed interest in institutional assets.
Weekly CoinShares report On July 18, it was revealed that assets recorded a total inflow of $ 8.1 million. Ethereum investment products recorded an inflow of $ 120 million last week.
However, despite the return of these positive sentiments, Ethereum has fallen by more than 8% of its value within the last 24 hours and has traded at the lowest price of $ 1,380 in the last seven days.
I have coins Liquidation Position of $ 111 million at the time of press.
Other digital assets
The other top 10 digital assets have also posted red candles as they have lost a significant portion of their value in the last 24 hours.
Cardano (ADA) has lost about 7% of its value and is currently trading at $ 0.45. Solana (SOL) sells over 8% and sells for $ 35.
Others like Ripple (XRP), Binance Coin (BNB) and Dogecoin (DOGE) each lost an average of 4%.
Avalanche (AVAX) has traded just above $ 20 after dropping more than 7% of its value.
Coin glass data Indicated That $ 243 million has been liquidated in the industry in the last 24 hours.
Red DeFi tokens too
NFTs and decentralized financial tokens also participated in rutting as their value plummeted significantly.
Decentraland (MANA) has reduced its value by only 5%, but DeFi-linked tokens such as Lido Finance (LDO), Synthetix (SNX), Curve (CRV), and ApeCoin (APE) each have at least 10 Lost the value of%. The last 24 hours.
