Bitcoin (BTC) and other important tokens lost more than 3%, since Thursday’s rally met earnings during the Asian morning hours on Friday, in line with expectations.
The general capitalization of the Cryptoe market fell 3.2% in the last 24 hours, with BTC sliding from $ 86,000 to less than $ 84,000, Ethher (ETH) falling below $ 2,000 and Solana Sol falling 5%.
XRP showed constant decreases that brought 10% peak on Wednesday to a gain of 4.8% weekly, while the BNB of the BNB chain continued to exceed, which raised the weekly profits to more than 8%.
At the time of publication, Trx and Ton de Tron were the only important chips in green, increasing 2% each.
Trx was floated in Solana for the first time on Thursday night in an attempt to expand its user base. Ton saw the retail demand after the Troncoin Foundation said that risk capital companies now have more than $ 400 million in the asset after new investments.
The meeting of the Federal Open Market Committee (FOMC) on Wednesday delivered a brief rise that the catalyst markets had been waiting, promoting BTC beyond $ 85,000 since no cut cuts were announced.
However, the Fed said it would reduce its “quantitative adjustment” program from April, that merchants probably interpreted as a cut of indirect rates, the QCP capital based in Singapur pointed out in a telegram transmission. The options markets have begun to position themselves accordingly.
“The possibility that BTC reaches over $ 100K for June 30 has increased from 20% to 30% in the last 24 hours,” said Dr. Sean Dawson, head of research on the Ochain Options Derive.xyz platform, to Coindesk in an email.
“While the probability that ETH remains above $ 2000 before June 30 is now a currency change, it was 40% 24 hours ago. Almost 60% of the ETH options negotiated in Derive.xyz in the last 24 hours were bought, indicating a bullish feeling. For BTC, 34% of the entire volume was bought, reflecting the demand for protection downward,” Dawson added.
Alex Kuptsikevich of FXPro, who looks at the support level of $ 80,000 as a critical area to observe a support break, maintained a cautious tone.
“It is important to keep in mind that the encryption market has not yet been broken above its 200 -day mobile average, which is currently about $ 2.9 billion. A strong rally above this level could trigger an active purchase phase, but there is also a risk that the bears establish a trap, as they have done several times before,” Kuptsikevich said in a telegram message.
“For Bitcoin to maintain the impulse, stay above this key level is crucial. If he does, he could arouse a renewed interest in buying a variety of currencies that have been in a correction phase for a while,” he added, referring to the largest markets of Altcoin and Memecoin.
