Bitcoin is drowned to $ 115,000 after he recorded his latest record, as Macro is related to the Spark Liquidation wave star-news.press/wp

The encryption market fell to the start of the week, as the increasing total concerns raised more than $ 500 million in forced sale of long positions.

price Bitcoin The last time was 1.1 % at 116,394.87 dollars, after touching the highest new level ever last week-the fourth this year-at 124,496 dollars. At one point, it decreased to 114,706 dollars. ether 2.5 % slipped to 4,354.00 dollars after arriving at the spitting distance from his record about $ 4,800 last week. Both coins circulated after wholesale inflation data in July.

Achieving investor profits led to a wave of liquidation through the encryption market.

During the past 24 hours, the total sales of 123,836 merchants reached $ 530.79, according to Coin Glass. This number includes about 124 million dollars in the long Bitcoin qualifiers and $ 184 million in the long Atheer qualifiers. This happens when traders are forced to sell their origins at the market price to settle their debts, which leads prices to a decrease.

In addition to the disappointment Thursday clarification The head of the strategic bitcoin reserves created by Donald Trump will shorten in March, will be limited to Bitcoin, which was confiscated to the federal government, where he explores “neutral budget tracks to gain more bitcoin.”

Upper cryptocurrencies decreased by maximum market with blue coins, with Coindesk 20, which is a measure of the broader encryption market, a decrease of 1.2 %. The encryption stocks were trading from their lowest levels, some of which turned positively in the middle of the day. Indulgence He decreased by 5.4 %. Encryption ClimbWhich was made for the first time in trading last week, was 8.9 % less. Coinbase and Galaxy Digital 1.0 % and 2.2 %, respectively.

This week, investors are watching The annual economic symposium at the Federal Reserve in Jackson Hall, Wyoming To obtain evidence about what might happen in the remaining policy meetings of the central bank this year. Curd dealers will also see the unemployed requests for work on Thursday.

The Bitcoin and Eter Highs test surprised the merchants who expected a decline in August for encrypted currencies, and we expect the total concerns to steal the focus from the last momentum on Crypto’s institutional adoption and companies – especially in what has historically proven that it is a weak trading month for many markets – until the Federal Reserve meeting in September.

Many see that the decline of this month as a healthy and strategic slowdown instead of reactions to the crisis, thanks to this to a large extent to support them from Crypto ETFS as well as companies that focus on bitcoin accumulation and strongly. Although ETFS follows the price of Bitcoin and ETHER deployed net external flows on Friday, they recorded net flows of $ 547 million and $ 2.9 billion, respectively, for this week. For ETH funds, it was a record week of flows as well as the fourteenth week of flows.

Bitcoin hovers under the flat line for this month, while the ether still rises by 15 %.