Market preview
The total capitalization of cryptocurrencies increased by 2.5% in the last 24 hours, moving away from the lower limit of the local range. However, at 3.25 billions of dollars, the market remains almost unchanged from the previous week. Despite record heights in gold and Europe actions, as well as high performance in American titles, cryptocurrencies remain in disgrace with buyers.
The index for fear of cryptocurrency was on the limit between fear and neutral feeling. There was no rapid recovery and the absence of a drop in the fear area has dissuaded certain buyers from being active.
Bitcoin has exchanged below its 50-day mobile average since the beginning of February and has ceased to go up since mid-December, remaining in a long correction. A fall less than 92,500 could trigger a deeper sale. However, given positivity on other markets, there are signs that the decline attracts new buyers.
New context
According to Coinshares, global investment in crypto funds more than doubled last week at $ 1.26 billion, with Bitcoin investments up 407 million dollars, Ethereum increasing $ 793 million, XRP up 21 million dollars, Solana up $ 11 million, and more than $ 4 million.
Ethereum took the front of the stage last week when its price fell to almost $ 2,100, which caused significant purchases, according to Coinshares.
Tiger21 founder Michael Sonnenfeld said Bitcoin has become a capital preservation tool for rich investors. Among its network of ultra-rich investors, BTC Holdings generally varies from 1% to 3% of their portfolios. In the latest adjustment, Bitcoin’s mining difficulty increased by 5.61%, reaching a record of 114.17T. Barely two weeks ago, he saw his first drop since September 2024, led by a cold snap in the United States
The Nasdaq Exchange has filed the 19B-4 form to the SEC to launch ETF Spot of Coinshares based on XRP and Litecoin. With the new instruments, the European issuing company will expand its presence on the American market in the environment of a regulatory environment of planned softening.
