cryptd.in

Alternatívna sieť LinkedIn pre talenty podporujúce kryptografiu

Zcash (ZEC) Dumps Below $1K, Bitcoin (BTC) Struggles at $74K After CPI Reading: Market Watch

-

podľa

cryptd.in
na stránke

The higher-than-expected CPI numbers for October resulted in another major leg down for bitcoin yesterday, with the asset plunging below $73,000, thus charting a near-three-month low.

The altcoins shed tons of value once again, and ZEC leads the pack. The privacy token has tanked the most over the past 24 hours, dropping below $1,000 for the first time since early September.

BTC Keeps Struggling

It was just a week ago when the markets rebounded from the midterm election shock, in which the Democrats won decisively on numerous fronts. Bitcoin had dropped from $78,000 to $75,600 before it skyrocketed to $81,000 as the uncertainty seemingly vanished.

However, that rally was short-lived, and the bears were back in control less than 24 hours later. The so-called Thursday crash drove Wall Street and crypto south hard, with BTC plummeting from almost $81,000 to $75,200. It dipped further on Friday to $74,800 before it recovered some ground during the weekend and remained close to $76,000.

Monday began with another nosedive, taking BTC to $73,600. All eyes turned to the US CPI on Tuesday, with bitcoin remaining close to $74,000 ahead of the announcement. Once the MoM data came out higher than expected, bitcoin crashed further to under $73,000 for the first time since mid-August.

Although it has rebounded by a grand since then, it still struggles below $74K. Its market cap is well below $1.5 trillion on CMC, but its dominance over the alts has increased slightly to 60.5%.

BTCUSD November 11. Source: TradingView
BTCUSD November 11. Source: TradingView

ZEC Leads the Pack

Zcash is the poorest performer over the past 24 hours. The privacy coin has tanked by 13% and sits below $1,000 as of now. Its main rival, on the other hand, is up by 5.6%. As a result, XMR sits above $575. BTW is the other big gainer today, surging by 10% to $1.08. AVAX has added another 4% of value and trades close to $8.7.

In contrast, most other larger-cap alts are in the red. ETH has defended the $2,000 support, but it’s still 1.6% down on the day to $2.055. BNB is down to $680, while XRP has tanked to $1.06. SOL, DOGE, HYPE, UNI, QNT, and RAIN have posted losses as well.

The total crypto market cap has declined by another $40 billion in a day, and it’s down to $2.450 trillion on CMC.

Prehľad trhu s kryptomenami. Zdroj: Zdroj: QuantifyCrypto
Prehľad trhu s kryptomenami. Zdroj: Zdroj: QuantifyCrypto

 

Príspevok Zcash (ZEC) Dumps Below $1K, Bitcoin (BTC) Struggles at $74K After CPI Reading: Market Watch sa objavil ako prvý na CryptoPotato.

Komentáre

Pridaj komentár

Vaša e-mailová adresa nebude zverejnená. Vyžadované polia sú označené *

Najnovšie kanály

Obľúbené kategórie

sk_SK Slovenčina
sk_SK Slovenčina en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sl_SI Slovenščina sv_SE Svenska

Vyhľadávanie na webovej lokalite

Populárne príbehy

Značky

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BVšetko, čo potrebujete (1) #BracebridgeCapital (1) #BRC20Tokeny (1) #BTCakvizícia (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) 1TP5DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Finančný vplyv (1) #FinancieSúkromie (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investície (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #Právny vplyv (1) #Legislatíva (1) #LightningNetwork (1) #M Analýza trhu (3) #M Monitorovanie trhu (1) #M Predpoveď trhu (1) #M Predpovede trhu (1) #M trhová projekcia (1) #M MarketSupport (1) #MVolatilita trhu (1) #M manželstvo (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #M Pranie peňazí (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzPredpoveď (1) #PriceMilestone (1) #PcenaPredpoveď (2) #Prieskumná otázka (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #Regulačný tlak (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Technická analýza (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XR Cena (1) #XRPupswing (1)

Užitočné odkazy

Odkazy, ktoré som našiel užitočné a chcel som sa o ne podeliť.