The main cryptocurrency moves away from its historical record and accumulates a loss of 2.2% in the last week.
He Bitcoin (BTC) He continues with his bassist tendency and collapses to the strip of the US $ 113,000, moving away from his historical record of US $ 122,979.87 reached last July 14, while the Altcoins lose up to 6% this Friday, according to Binance.
Cryptocurrencies fall along with the main indices of Wall Street on a day marked by the hard ads in the field of tariff policy by USAwhich negatively impacted global markets.
Thus, BTC goes back 3% and falls au $ 113,483, while Ethereum (eth)the second most important crypto in market capitalization, 5.6% Au $ 3,545.45 is depreciated. At a weekly level, BTC falls 2.7% and ETH does it 3.6%.
In addition, Rippe (XRP) low 1.5% au $ 3,01, BNB (BNB) 4.4% AU $ S759.01 is contracted and Solana (Sol) It does 5.4% Au $ S165.69. The Dogecoin Memecoin (Doge) loses 3% au s0,2066 and Tron (TRX) 0.6% Au $ 0,326.
Bitcoin could start a deeper correction in August
A recent goodbit report stressed that the new US rates to countries without bilateral agreements intensified volatility in Wall Street, weakening the S&P 500 and strengthening the dollar, an impact that collaterally hit the crypto market.
Likewise, the text emphasizes that during the last week, BTC ended a period of 16 days of consolidation when falling below US $ 116,000, something that “suggests the possible start of a deeper correction.” “This technical movement occurred in a macroeconomic environment that, although it remains stable, presents a restrictive bias: The Federal Reserve (FED) maintained its interest rate in the range of 4.25 % –4.50 % for the fifth time, and the announcement of new US tariffs raised global volatility “.
At the same time, they emphasize that the US government disseminated an extensive report on digital asset policy, which was loaded with recommendations for the stock exchange and values (Secfor its acronym in English), the Treasure and bank regulators, aimed at clarifying the regulatory framework.
Facing August, they point out that it is a month “traditionally challenging for the main cryptocurrencies, with historically negative returns since 2021”and To invest the cycle, the market must see a support for the support of US $ 114,000 in BTC and US $ 3,500 in ETHas well as “positive flows to the ‘in-kind’ ETPs and progress signs in the implementation of regulatory recommendations.”
Source: Ambito
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