According to analysts, altcoins also do not demonstrate noticeable growth of quotations. The broadcast decreased by 14% after a short -term update of the historical maximum, and XRP, Cardano and Dogecoin suffered two -digit losses.
“The fall of bitcoin below $ 110,000 with a correction of more than 13% of the historical maximum can be considered an important technical signal. The current price of short -term holders of $ 108 900 is now a key level. Sustainable trade below this value can increase pressure on the market, ”Bitfinex Alpha experts said.
Cryptocurrency buyers began to show more caution in the search for stronger fundamental catalysts. Cryptoes are ambiguously responded to statistics from the United States. In July, the consumer expenses of Americans increased by 0.5% – at the fastest pace in four months. The creation of jobs slowed up to 35,000 per month. This shifts market expectations in the direction of reducing the rate of the federal reserve system (Fed) in September, said Bitfinex Alpha analysts.
In their opinion, it is unlikely to expect the resumption of the first cryptocurrency, as well as the main altcoins, and the achievement of new historical maximums is unlikely.
Previously, the founder of the Strike payment service, Twenty One Capital CEO Jack Mallers, suggested that over time, the market capitalization of bitcoin could reach $ 500 trillion.
Source: Bits
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