Bitcoin (BTC) continued to slide on Monday, wounded not only by a massive price action in most of the rest of the cryptography, but also when US actions fight to retire from their recent recession.
Falling around $ 93,900 as the shares closed, Bitcoin has dropped 1.9% in the last 24 hours. Ethher (ETH) is lower by 5.9% during the same period of time. The widest Coendesk 20 index has dropped 5.1%.
After the main decreases of last week, an attempt of rally for the main averages of US actions failed on Monday afternoon, with the Nasdaq closing another 1.2% and the S&P 500 0.5%.
The worst performance among the main crypts was that of Solana (Sun), almost 10% in the last 24 hours and 41% in the whopping of the last month. In addition to its role in what seems to be a madness of Memecoin that fades, Sol also faces tokens unlocks in March and a 30% increase in sun inflation due to the recent SIMD-96 implementation, which adjusted the structure of network rates. At $ 151 at the time of publication, Sol has now given more than his profits after the election.
“Trying to communicate with people who may be feeling complacency/denial that $ 95,000 Crypto coverage that specializes in the use of macroeconomic data for its trades, published on social networks.
Thompson estimated that there was a probability of 80% that Bitcoin does not make new maximums in the next three months and 51% chance that we do not see new maximums even for the next 12 months.
Regarding the economy of the United States, Neil Dutta, Chief of Economic Research of the Renaissance Macro Research, said the risks to the labor market are growing. The real income is slowing down, the real estate market is worsening, state and local governments are withdrawing spending. Occoriously, the market consensus does not see an economic slowdown in sight, with an average prognosis of GDP at approximately 2.5%.
“If 2023 was about surprising up, there is more risk in 2025 to be surprised by the inconvenience,” Dutta wrote.
“A passive hardening of monetary policy is the dominant risk and that has important implications for financial market investors,” Dutta continued. “It would anticipate a decrease in long -term interest rates and a sale of capital prices as a risk appetite decreases. For the economy, wait for conditions to deteriorate in the labor market.”
