$BTC 🖇️ $ETH 🖇️ $SOL
The General Overview!.
The crypto market is operating with caution and some red. Bitcoin (BTC) is struggling in the $88,900 - $89,100 range. Although it has had a slight drop of 1.04% in the last 24 hours,
What's happening exactly?
- FED Effect (January 28): Everyone in finance has their eyes on this Tuesday. The market is frozen waiting for the decision on interest rates. This uncertainty makes many prefer to wait in cash or gold before heavily buying crypto again.
- Competition with Gold: While Bitcoin takes a breath, gold and silver are soaring. In fact, silver ETFs have given returns of more than 25% in just these first 20 days of January, which has diverted some attention from the digital world.
- Cleansing of leveraged positions: The recent drop below $90,000 was accelerated by the liquidation of positions of traders who were operating with a lot of debt. This, although painful to see in red, helps the market to be more "healthy" for the next rise.
How do you feel seeing Bitcoin below $90k today, nervous or eager to take advantage of the offers?
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