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Bitcoin decreased by 2 % to less than 82,000 dollars, while Ethereum fell 13 % to $ 1801 last week. The encryption market faces downward pressure, with great losses in Altcoins such as Avalanche and Polygon.
Bitcoin saw negative feelings in the market
Bitcoin price has decreased 2 percent over the past 24 hours, less than $ 82,000, according to Coinmarketca. The most popular encryption currency has continued to have weak momentum on the market by decreasing about 6 percent in the past seven days, which led to a loss of 1.18 percent in the maximum market to $ 1.62 trillion.
Ethereum has followed the trend of the encryption market as it decreased by 13 percent to $ 1801 in the past seven days, according to Coinmarketca. The market ceiling decreased to 217.34 billion dollars, decreased by 1.97 percent during the same period.
The COINDCX research team indicated that the encryption markets are facing tremendous pressure as bitcoin price and low support test decreased.
Meanwhile, the most important altcoins also face similar price procedures as Ethereum decreased to less than $ 1,800; She added that XRP is at the edge of a loss of $ 2, and the Solana price is trading around decisive support at $ 124.
Coinswitch Markets Office has confirmed the broader central currency market, as significant losses in cryptocurrencies such as Avalanche (Avax), Polygon (POL), near (near), and uniwap (UNI).
What do you expect after that?
The markets are expected to remain volatile this week, with events such as the Consumer Prices Index and unemployment in the European Union, the mutual definitions in Trump, the United States unemployment, the unaccounted salary statements, and the Speaker of the Speaker of the Models, said CoINDCX.
He added: “Meanwhile, California pays a bill to protect self -need rights for bitcoin and other digital assets.
Coinswitch Markets Desk said in parallel, “FDIC) announced a reflection of its previous policy that requires banks to obtain approval before engaging in activities related to the encrypted currency. This change is expected to encourage greater participation in traditional financial institutions in the encryption sector, which leads to the introduction of new encryption products and services.
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