Major coins rallied Thursday night as the global cryptocurrency market cap jumped 2.85% to $906.4 billion at 7:23 p.m. ET.
| coin | 24hours | 7 days | price |
|---|---|---|---|
| Bitcoin Bitcoin/USD | 5.3% | 12% | $18,870.89 |
| ethereum Ethereum/USD | 2.2% | 13.3% | $1,417.34 |
| dogecoin Doge/US Dollar | 3.9% | 12.65% | $0.08 |
| Cryptocurrency | 24 hour rate of change (+/-) | price |
|---|---|---|
| apartment (APT) | +21% | $6.40 |
| flux share (FXS) | +14.45% | $6.45 |
| immutable (IMX) | +9.4% | $0.54 |
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Important reasons: Bitcoin When ethereum The US consumer price index rose on Thursday after falling 0.1% month-on-month in December. Annual inflation is now at its lowest level since October.
Risky assets such as stocks performed well after the release of inflation data but struggled to find direction as the labor market remained tight. It added 223,000 jobs in the month, exceeding economists’ expectations of 200,000.
The S&P 500 and Nasdaq closed Thursday at 0.3% and 0.6% higher respectively. US stock futures are trading flat at the time of writing.
“Bitcoin has run towards $18,500 levels after six months of slowing inflation. It’s quickly disappearing,” he said. Edward MoyaSenior Market Analyst at OANDA.
“Bitcoin has failed to break the $18,500 barrier, which suggests the price may be stuck in a set trading range over the past few months,” said Moya. Benzinga said in a note he saw.
On-chain analytics company glass node More than $93 million in short-term bitcoin futures positions were liquidated in the space of one hour on Thursday, he said.
Michael van de Poppe He said he didn’t see the confidence he wanted to see in Bitcoin, so he closed his shorts. At this stage, I am not desperate,” said the trader.
Santiment said Bitcoin is about to break the $19,000 resistance level for the first time since November 8. [BTC] Transactions have recovered to November 2022 levels. ”
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