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The encryption market fell to the start of the week, as the increasing total concerns raised more than $ 500 million in forced sale of long positions.
price Bitcoin The last time was 2 % at 115,255.70 dollars, after touching a New at all Last week – the fourth this year – at 124,496 dollars. At one point, it decreased to 114,706 dollars. ether 4 % slipped to 4,283.15 dollars after arriving at the spitting distance from his record about $ 4,800 last week. Both coins are rolled after the expected higher July wholesale inflation data Questions were raised to reduce the federal reserve rate in September.
Achieving investor profits led to a wave of liquidation through the encryption market.
During the past 24 hours, the total sales of 133,643 merchants reached 576.35 million dollars, according to Coin Glass. This number includes about 124 million dollars in the long Bitcoin qualifiers and $ 184 million in the long Atheer qualifiers. This happens when traders are forced to sell their origins at the market price to settle their debts, which leads prices to a decrease.
Bitcoin briefly fell to less than $ 115,000, after it reached nearly $ 125,000 last week
In addition to the disappointment Thursday clarification that Bitcoin strategic reserves In March, President Donald Trump will be limited to Bitcoin, which was confiscated to the federal government, exploring “neutral budget tracks to gain more bitcoin.”
Higher cryptocurrencies decreased by maximum market with blue coins, with Coindsk 20 IndexA scale for the wider encryption market, a decrease of 3.7 %. In stocks related to encryption were under pressure. Indulgence 8 % decreased. Encryption ClimbThat made For the first time in circulation last week7 % less. circle and Coinbase It decreased every 2 %.
This week, investors are watching The annual economic symposium at the Federal Reserve in Jackson Hall, Wyoming To obtain evidence about what might happen in the remaining policy meetings of the central bank this year. Curd dealers will also see the unemployed requests for work on Thursday.
Last week’s Bitcoin and Ether Highs Test Test, traders who traders August is expected to decline For encrypted currencies, you expect the total fears of the last momentum about Crypto’s institutional adoption and companies – especially while historically proven a month of weak trading for many markets – until the Federal Reserve meeting in September.
Many see the retreat this month Healthy and strategy Instead of reactions to crises, thanks to the large support of the investment funds traded in Crypto as well as companies that focus on the accumulation of bitcoin and strongly. Although ETFS follows the price of Bitcoin and ETHER deployed net external flows on Friday, they recorded net flows of $ 547 million and $ 2.9 billion, respectively, for this week. For ETH funds, it was a record week of flows as well as the fourteenth week of flows.
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