“It is not possible to win the Fed, but we listen to it, and play their games” – rise from interest presses Bitcoin, which reaches $ 20,000 and enters the ‘death zone’, but does not mean that you should ‘jump out’ from the crypto market. (Image: Shutterstock | Assembly: Julia Shikota)
THE Bitcoin (BTC) is negotiated around the $ 104,000 on the morning of Wednesday (18), with a drop of more than 1% and intensifying losses in the global market of cryptocurrency.
In the traditional scenario, Asian bags ended the day with mixed results, while the European market opened without a definite direction. Already the futures of Wall Street They had discharged in the early hours of the morning.
An important event in the early hours was the approval of the Genius Act, the bill that establishes a regulatory structure for stablecoinsassets backed by real goods by the Senate of United States.
Market analysts consider the regulation of StableCoins a strategic framework with the potential to unlock hundreds of billions of dollars in value.
Despite the optimism generated by the US regulatory advance, cryptocurrency prices did not have a positive reaction.
See the performance of the ten largest cryptocurrencies in the world today:
| # | Name | Price | 24h % variation | Variation 7D % | YTD % variation |
|---|---|---|---|---|---|
| 1 | Bitcoin (BTC) | US $ 104,776.82 | -0.81% | -4.03% | 12.19% |
| 2 | Ethereum (eth) | US $ 2,511.68 | -1.66% | -9.32% | -24.60% |
| 3 | TETHER (USDT) | US $ 1.00 | 0.00% | 0.01% | 0.21% |
| 4 | XRP (XRP) | $ 2.14 | -2.33% | -7.34% | 2.97% |
| 5 | BNB (BNB) | US $ 644.99 | -1.26% | -3.28% | -7.99% |
| 6 | Solana (Sol) | US $ 146.46 | -2.64% | -10.79% | -22.60% |
| 7 | USDC (USDC) | $ 0.9999 | 0.01% | 0.01% | 0.00% |
| 8 | Tron (TRX) | $ 0.2696 | -3.18% | -7.51% | 6.06% |
| 9 | Dogecoin (doge) | $ 0.1686 | -1.56% | -15.18% | -46.58% |
| 10 | Cardano (ADA) | US $ 0.6066 | -2.41% | -15.00% | -28.10% |
Source: Coin Market Cap.
Bitcoin (BTC) x Interest and War
The behavior of risk assets can be attributed to the persistent tension between Iran and Israel, which continues to press prices.
Yesterday (17), the US President, Donald Trumpsuggested a possible entry of the country in the conflict against Iran, a scenario that raises concerns due to catastrophic potential – given that both countries have nuclear weapons.
In addition, investors await the decision on interest in the United States, with the expectation that fees will remain in the range between 4.25% to 4.5% per year.
However, attention will be focused on the statement that will be released after the decision. At 3:30 pm, Jerome Powell, president of the Federal Reserve, will participate in the traditional press conference. Until then, the prices of risk assets are expected to remain under pressure.
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.
