According to analysts, this movement reflects the clear aversion to risk that was installed in the stock market due to concerns about the Chinese economy, the notice of Fitchy, and the opinion of the Federal Reserve (Fed) that sees upward risks in inflation.
He Bitcoin It has fallen sharply in the last 24 hours, falling more than 2% and trading at around US$28,000. Meanwhile, Ethereum loses ground until it touches US$1,800. This Thursday most of the cryptocurrencies They operate with falls of up to 5% led by Dogecoin, Polygon (-2.6%) and Ripple (-2.5%).
According to analysts, this movement reflects the clear aversion to risk that settled in the stock market due to concerns about the chinese economyFitch’s notice of a possible rating cut for large banks and the opinion of the Federal Reserve (Fed) that sees upward risks in inflation.
The minutes of the July meeting of the US central bank reflected the conviction of its officials that prices could continue to rise in the coming months, which would inevitably lead to further tightening of interest ratessomething that the market seemed to have already overcome.
Cryptocurrencies.webp
Cryptocurrency volatility falls to 2016 lows
The cryptocurrency has been operating for several weeks with complete inaction on price. According to a report by the Commodity Futures Trading Commission (CFTC), it reflects a notable increase in positions short versus long bitcoin futures positions. Since August 12, the leading cryptocurrency has fallen 18%.
The indicators that measure the fluctuations in the price of the original cryptocurrency, which is trading around US$28,000, have tended downward: 90-day volatility is the lowest since 2016, according to data compiled by Bloomberg.
This is an unusual lull for the stock, which over the years has drawn attention for its wild price swings.
Bitcoin has been “trading within a regime of historically low volatility, with various metrics indicating extreme apathy and exhaustion,” according to analysts at Glassnode.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
