The encryption shares stumbled with investors entering the risk mode

On Tuesday, encryption shares suffered, as investors fled technology shares and market corners more dangerous.

Between the exchange of encryption, Coinbase and etoro More than 5 % decreased for each Robinhood and Climb Both decreased more than 6 %. Crypto Financial Services Galaxy Digital 11 % decreased. In the increasing treasury companies, Strategy It has 7 %, Sharplink Gaming 8 % slide, Indulgence 12 % decrease and Defi Development 15 % fell. Source Stablecoin circle 5 %.

Meanwhile, price Bitcoin Pulling approximately 3 % to more than $ 113,000. ether More than 4 % decreased to the level of $ 4100, according to currency standards.

Investors appear to be in technology names on Tuesday. The sector had witnessed last week, as traders were weighing the possibility of more interest rate discounts. Also, Bitcoin touched the day, ever, near $ 125,000 last week.

Tuesday, Nasdak More than 1 % decreased, weighing a decrease in NVIDIA and other heavy technology weights.

The encryption market tends to be vulnerable to movements in technology shares due to the base of investors in growth, narration -based prices, and the nature of speculation and a tendency to prosper in low interest rates.

This week, investors are watching The annual economic symposium of the Federal Reserve in Jackson Hall, WyomingTo obtain evidence about what can happen in the remaining policy meetings of the central bank this year. If the head of the Federal Reserve Jerome Powell indicates that more dovish policy may be at the forefront, it may bounce Crypto.

“With Powell’s talk in Jackson Hall, we usually see the profits before his statements,” said Satraj Bambra, CEO of Hybrid Exchang Rails. “At any time of uncertainty in communicating from the Federal Reserve, you can generally expect some profits as traders sabotage their sites.”

The encryption shares have participated in recent months – thanks to the addition Coinbase in the S&P 500 standard Index, The successful public subscription for the department and Stablecoin genius framework To become a law. However, investors Expect a withdrawal in August During the Federal Reserve meeting in September, where they hope to see central policy makers implement price cuts.