(Image: Freepik/PVPproductions)
On the morning of Monday (19), the Bitcoin (BTC) He started the day with a fall of almost 1%, remaining above the psychological level of $ 103,000. The low movement also extended to the main cryptocurrency from the globe.
In the traditional marketto the scholarship Asian closed in the negative, while the European markets and the future of Wall Street were falling in the morning.
The current scenario contrasts with last Sunday (18), when Bitcoin approached the $ 108 thousand In a brief rally in the afternoon. However, the impulse lost strength with the opening of Asian markets at dawn in Brazil and the beginning of negotiations in major global bags.
As a result, according to coaching data, about $ 675 million in future contracts have been settled in the cryptocurrency market in the last 24 hours.
Before continuing, see the performance of the ten largest cryptocurrencies in the world today:
| # | Name | Price | 24h % variation | Variation 7D % | YTD % variation |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | US $ 102,845.31 | -0.94% | -0.96% | 10.12% |
| 2 | Ethereum (eth) | US $ 2,417.60 | -3.34% | -4.70% | -27.43% |
| 3 | TETHER (USDT) | $ 0.9999 | -0.02% | 0.01% | 0.19% |
| 4 | XRP (XRP) | US $ 2.32 | -2.72% | -5.32% | 11.70% |
| 5 | BNB (BNB) | US $ 639.85 | -0.83% | -5.86% | -8.72% |
| 6 | Solana (Sol) | US $ 162.10 | -5.09% | -6.94% | -14.33% |
| 7 | USDC (USDC) | $ 0.9997 | -0.02% | -0.02% | -0.03% |
| 8 | Dogecoin (doge) | $ 0.2170 | -2.34% | -10.54% | -31.24% |
| 9 | Cardano (ADA) | US $ 0.7280 | -3.67% | -11.88% | -13.72% |
| 10 | Tron (TRX) | US $ 0.2637 | -3.21% | -2.30% | 3.75% |
Source: Coin Market Cap.
Bitcoin (BTC) and the traditional market
The investor’s reaction today is related to the decision of the Moody’s Risk Assessment Agency, which, last Friday (16), downgraded the US credit note from “AAA” to “AA1”.
Moody’s pointed to the debt of US $ 36 trillion and the increase in interest as the main risk factors for the country.
It is important to remember that the elevation of fees exerts pressure on the debt Public, raising the cost of issuance of credit and maintenance of debt.
For the present week, with a relatively less busy agenda, investors remain alert to possible statements by the president of United States, Donald Trumpabout the developments of the trade war.
Source: Moneytimes
I am an author and journalist with a focus on market news. I have worked for a global news website for the past two years, writing articles on a range of topics relating to the stock market. My work has been published in international publications and I have delivered talks at both academic institutions and business conferences around the world.
