Bitcoin fell 0.9% in the past week, finishing at around $ 38,700. Yesterday the decline continued, taking the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other major altcoins in the top ten show contrasting dynamics over the 24 hours: from a 3.8% decline (XRP) to a 3.3% increase
According to CoinMarketCap, the total cryptocurrency market cap fell 14% in 24 hours, to $ 1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%.
The FxPro analyst team pointed out that the cryptocurrency’s fear and greed index added 2 points in one day to 23 and remains in “extreme fear” conditions.
In the first half of last week, the first cryptocurrency tried to strengthen, testing five-day highs near $ 42,600. Subsequently, BTC lost all gains, again being pushed back to support near $ 38,000. Pressure on all risky assets continues to be exerted due to the situation in Ukraine.
One of Apple’s founders, Steve Wozniak, said bitcoin will hit $ 100,000, which will be facilitated by the general interest in cryptocurrency. At the same time, he has a negative attitude towards altcoins and non-fungible tokens (NFTs).
The US Securities and Exchange Commission (SEC) again rejected requests from NYSE Arca and Cboe BZX exchanges for the creation of bitcoin spot ETFs due to non-compliance with US foreign exchange law.
El Salvador has announced that it will postpone issuing bitcoin bonds in relation to events in Eastern Europe. The funds received were to be used for the construction of the “Bitcoin City”.
By visiting the UAE, the Russians are massively selling cryptocurrency worth billions of dollars. Earlier, FBI Director Christopher Wray pointed out that the US has extensive experience in tracking cryptocurrencies and Russia will not be able to use them to circumvent sanctions.