Bitcoin continues to be priced around $24,000

While entering the last trading day of the week, Bitcoin, which recovered after the FED minutes yesterday and rose to $ 24,500 levels, could not continue its rise and completed the day in the region of $ 24,000. The stronger bears stand out in the bear-bull wars that took place at the $25,000 resistance. Extra data or news is needed to ensure the continuity of the ascension. At this point, the fact that both producer and consumer inflation in the USA is higher than expected creates the concern whether the FED is lagging behind in the fight against inflation. In this respect, it can be expected that the FED will become more hawkish in the coming period.

Bitcoin has been going up ever since the new year has come

In addition, the FED's warning of banks about cryptocurrencies after the last minutes stands out as another factor that reduces the risk appetite in the markets. A new warning from cryptocurrencies-related customers to be wary of any liquidity (cash) problems can be cited as the reason for the partial withdrawal experienced yesterday. In the light of these data, Bitcoin finds buyers in the $ 23,800 region in the morning, while Ethereum is priced at $ 1650. Bitcoin dominance below 44 keeps altcoins stronger, while Ethereum dominance is on the rise with 19.3. The total market capitalization of the cryptocurrency market accumulates in the region of 1.1 trillion dollars. PERP, AUDIO, PUNDIX and MDX stand out as the highest risers of the day in Bitay.