The cryptocurrency market continues to fall, despite the increase in stock indices. In the last day, Bitcoin (BTC) lost 0.14% of the cost, falling to $ 95.525. Ethereum (ETH) decreased by 1.96% and trade at $ 2.674, while Dogecoin (Doge) fell by 2.19%, reaching $ 0.2515.
During the day, the flagship of cryptocurrency has updated a minimum of two -week range, falling to $ 93.388. The total elimination of market positions reached $ 344.95 million, of which more than $ 278 million came from traders who put the increase in the value of assets. The index of fear and greed returned to the "fear" zone, which can strengthen the short positions of investors.
Despite the overall decline, Santiment analysts believe that the reduction of Ethereum commissions is a positive signal for medium -term and long -term price dynamics. Low transaction costs can contribute to the return of users and increased activity in Ethereum blockchain.
Stock markets, unlike the cryptocurrency sector, show positive dynamics. The S&P 500 index increased by 0.24%, updating the historic maximum of 6.129 points, and NASDAQ rose 0.07% to 20.041 points. Investors are waiting for the report of the US Federal Reserve meeting, which will help evaluate the future regulator policy on interest rates.
The cryptocurrency analyst Ali Martinez noted that the nearest level of resistance for Bitcoin is at $ 97,000, where 1.88 million BTC is located. At the same time, the $ 94,500 support levels look weaker because it holds only 695,000 BTC. This can affect the further movement of the price in the coming days.
