Bitcoin fell from $36,696 and took about four hours to bottom at $34,800 at around 2:00 a.m., down more than 5% after the US inflation announcement. October came out lower than expected.
It’s almost Black Wednesday. Due to the early morning hours of the past, the market condition was heavily red and has just recently returned to some green mixed in the morning.
Led by Bitcoin’s sharp turnaround, around 2:00 a.m. it reached $34,800, and during that time more than 100,000 traders had their portfolios wiped out. Total value: 366 million dollars Mostly the long line or the side that opens a buy position.
Bitcoin’s fall came four hours after the release of monthly inflation numbers. October of the United States, which came out lower than the market expected. This makes hope that the Fed will enter a cycle of ending interest rate increases more clear. While the US stock market The Dow Jones Index closed up nearly 500 points.
Ethereum finally lost the key support near $2,000 that it held beautifully all week. But the big brother’s violent agreement made the overall investment sentiment inevitably affect the second brother in the market as well.
However, there are still 2 big coins that are increasing: BNB, SOL and MATIC. Prices increased 2%, 8.59% and 7.72% respectively in 24 hours.
Total Crypto Market Value $1.39 Trillion (-1.31%) Trading Volume $62.0 Billion (+23.56%) Bitcoin Market Cap Share 51.19% (+0.04%)
2023-11-15 01:24:00
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