The Bitcoin (BTC) rate again fell below $ 95 thousand. In the evening of February 11, the price of the first cryptocurrency in the moment fell to $ 94.9 thousand, after which it adjusted up, but did not return to the level of about $ 98 thousand, which was traded a day ago writes RBC Crypto.
At 12:30 Moscow time, the bitcoin exchange rate ranges about $ 96.1 thousand per day. The first cryptocurrency fell 2.4%.
On February 11, a fall in the price of BTC coincided with the performance of the head of the US Federal Reserve (Fed) Jerome Powell in the US banking committee of the US Senate. Powell said that the Fed does not see the need to rush with a further decrease in the basic interest rate.
Whereas a decrease in the key rate could strengthen the interest of investors in risky assets (including cryptocurrencies), the preservation of this indicator at the same level forces the market participants to use safer options for maintaining funds.
The total capitalization of the cryptorrhist in the last 24 hours has fallen by 4.7%, to $ 3.26 trillion. The total trading volume of digital currencies over the past 24 hours amounted to $ 118 billion.
Ethereum (ETH) in a day fell by 3.5%. On February 12, the host Altcoin is trading about $ 2.61 thousand.
The largest cryptocurrency in capitalization from the first dozens showed a fall, except BNB (BNB) from Binance, the price of token ranges at the same level as a day ago. Dogecoin (DOGE) – by 4.9%.
Of the first hundred cryptocurrencies, only the Jito (JTO) token, it rose 2.2%. She descended in price more than other Ethena cryptocurrency (ENA): by 12%.
The index of fear and greed in the cryptocurrency market sank per day from 47 to 46 points out of 100. From the neutral mood zone, the indicator sank into the range of “fear”. This suggests that the market participants have killed the appetite to risk and are inclined to sell cryptocurrencies.
On the evening of February 12, the United States published data on the consumer price index for January. The negative report on inflation will most likely have a positive effect on risky assets, including bitcoin, said Coindesk Omkar Godbol analyst.
Despite Powell’s statement, the indicators are likely to increase the expectations of a further decrease in the percentage rates of the Fed, which can lead to a decrease in the profitability of treasury bonds and weakening the dollar, which will ultimately increase the demand for more risky assets, the analyst believes. Godbol noted that the growth of the bitcoin course is possible, but those who “expect a bull fireworks” may be disappointed.
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Source: Cryptocurrency
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