Bitcoin (BTC) The thrust during the night towards new records met with profits on Monday, reducing prices to $ 118,500.
The setback left Bitcoin 2.8% discount at its maximum of the $ 12200 session, although the largest cryptography remained 0.4% in the last 24 hours.
Ether remained above $ 4,200, modestly more 0.8% during the same period, while the Great Altcoins Solana (SUN)Dogecoin
and the native token of sui (Sui) It slipped 3%-4%.
James Van Straten, a senior analyst at Coindesk, said that Bitcoin’s weekend rally left a gap in the CME futures market, which are negotiated only from Monday to Friday, between Friday’s closing at $ 117,430 and Monday open to $ 119,000. The story suggests that BTC could go back to visit and “fill” that void, he said.
Tuesday consumer price index in the United States (CPI) The report could be the largest catalyst for merchants, with the producer’s price index (PPI) Next data later in the week.
If Bitcoin’s impulse continues will probably depend on those US macroeconomic data reports, Bitfinex analysts said in a Monday market report.
“With the market sensitivity to the macro events that are executed, merchants must prepare for greater volatility and the possibility of a setback towards $ 110,000 in the short term,” Bitfinex analysts wrote.
“We believe that the conditions of scope and the oscillation between the ups and downs will continue, since the price moves constantly above and below the cost base of the new buyers that allow feelings loaded around the key macro data releases,” they added.
Read more: Care below: Bitcoin’s Weekend arises leaves cme gap
