The assessment of the cryptocurrency sector oscillates on Thursday around 2.7 billions of dollars. While the Bitcoin price clings to the level of $ 85,000, the protocols DEFI and the altcoins of layer 1 seem to attract the most traction of the day.
Bitcoin (BTC) stabilizes about $ 84,000 when writing the time of the moment after having faced several refusals around the 200 -day exponential medium (EMA) at $ 85,000 since Saturday. Despite the feeling of risk due to the beautiful remarks of the American Federal Reserve (Fed) on Wednesday, the BTC remains relatively stable. Meanwhile, institutional demand shows a weakness, because it recorded on Wednesday nearly $ 170 million in Bitcoin Spot Exchange exchanged funds (ETF).
The COINDECKO COI1 CRYPTOGRAPHY INDUSTRY report emphasizes that the total market capitalization of cryptography fell 18.6% in the first quarter, annihilating $ 633.5 billion after dominating on January 18, a few days before the inauguration of President Donald Trump. This drop was accompanied by a drop in investor activity, the average daily daily trading volumes plunging 27.3% quarters. During the same period, Bitcoin (BTC) dropped by 11.8%, but its domination increased, and it was outperformed by gold and the American treasury bills.
