Furthermore,
Why cryptos market falls red:
The crypto world has seen its capitalization fall by 7.5% in one day, in a context of macroeconomic uncertainty. In addition, Unsurprisingly, the United States continues to influence the market.
If Bitcoin reached its last record on July 14, exceeding $ 123,000, it ends the month in a less glorious way. For example, The queen of cryptos lost 3% over 24 hours, running out of $ 115,000 this Friday, August 1. Therefore, She led to her fall the 10 most capitalized cryptocurrencies on the market. In addition, As such, Ether and XRP lose 5%, Dogecoin and ADA tumble 10%.
The global capitalization of cryptocurrencies has dropped 7.5% since yesterday, amounting to 3,830 billion dollars. Nevertheless, This fall in prices “led to a massive wave of liquidations on the market of Cryptos derivatives allowing to speculate upwards. downwards. More than 185,000 traders have thus seen their positions why cryptos market falls red closed automatically since yesterday,” said the local newspaper. Liquidations amount to nearly $ 759 million over 24 hours.
Weariness at Wall Street – Why cryptos market falls red
The week was hectic on the markets after the negotiation of trade agreements between the United States. its partners, certain countries being more sanctioned than others. In this context of uncertainties, investors got rid of certain risky assets, such as cryptocurrencies.
This has resulted in a weariness of the traders with regard to the Bitcoin Spot negotiated at Wall Street. these financial products which allow to be exposed to the queen of the cryptos. This week, traders have invested much less money in the Bitcoin Spot ETF than all the month of July.
In addition. the White House has published a report on the regulation of cryptocurrencies in the United States, which disappointed part of the community. Admittedly. the objectives of the Trump administration are there, as to clarify the why cryptos market falls red nature of cryptos – namely securities or raw materials to find out which federal agency is competent to regulate them or even allow the development of Dollars Stablecoins. But the Crypto community regrets the lack of clarity with regard to the Bitcoins Strategic Reserve in the United States. which is barely mentioned in the report while Bo Hines, the adviser of the American president said that the US government wanted to accumulate “as much as possible” of bitcoins.
“Beyond the daily movements. the long-term positioning of Bitcoin remains strong: it is a rare and decentralized active with a growing utility and increasing relevance in the current global financial environment”, tempers Rachael Lucas, Crypto analyst at BTC Markets, in the media The Block.
Further reading: Tech solution – Vini Fantini, a third Panamanian runner comes from transfers – Why the reform of the anti -corruption by Volodymyr Zelensky triggers demonstrations in Ukraine – ARD reacts to criticism of Tagesschau photo by Alice Weidel – End of the adventure in Zurich for Benjamin Mendy – All about the semi-finals.