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The market value of the Crabibo sector decreases by approximately 5% after the prices of Bitcoin-Btc and Ethereum-Eth fall

The Crapeto markets have seen in the last twenty hours of the liquidation of shopping centers in financial surveys, which exceeded $ 940 million, which made damage damaged by the part Bitcoin and Ethereum.

Crapeto markets experienced a severe setback this morning, driven by a strong wave of liquidation for speculators’ offers, as well as huge sales by “market whales” of Senior Bitcoin and Ethereum investors, to incur many battlefields using hundreds of millions of dollars.

After a party sold 24,000 Bitcoin currencies of $ 2.7 billion, the value of the currency was briefly for a period of 108,666.66 at dawn on Tuesday, for this huge sales process quickly reduced the main value of the sector to more than $ 4,000, while this entity maintains even more than 152,000 BTC currencies with a value of more than $ 17 billion.

Ethereum’s room, also, was also subject to a high sale of sale, which paid for its value to retreat from its summit recorded at the start of the week to set around $ 4,405 after having already recorded an unprecedented level almost $ 5,000, but it is still one of the most powerful currencies in recent weeks.

The market value of the Craibto sector decreases to $ 3.85 billions after a strong wave of sale which included the main currencies

Coinglass data showed the liquidation of speculative transactions using the leverage effect worth $ 941.8 million in the last 24 hours, including loss related to Ethereum money of $ 321.6 million, and another with a value of $ 261.6 million linked to the Bitcoin.

Although alternative currencies do not receive the wave of losses, while the price of the Solana-Sol part returned from around 6% to $ 189.20, the Ripple-XRP was lost more than 1% of its value to contact $ 2.91.

Due to the drop in the total value of all 4.5%digital currencies, recorded 3.85 billions of dollars, the sector abandoned some of its earnings which followed the comments of the president of the Federal Reserve Jerome Powell at the Jackson Hall last week.

In the annual policies symposium, Powell stressed that the federal reserve can tend to reduce interest rates in September due to the risk of low labor market and continuous inflation, to lead its indulgent declarations to the adoption of risk assets to a wave of net height which initially led by Bitcoin and Ethereum.

Analysts: Ethereum can lead the start of the following digital currencies despite the risks of the total economy

The atmosphere of uncertainty about customs definitions and political pressure has prompted certain economic analysts to expect the federal reserve to reduces interest rates in September, while the majority considers that the central bank will expect additional data from the expected reports of jobs and inflation, and market analysts also consider that expectations of expectations have contributed to increase the gravity of fluctuations.

On the other hand, Grace Chen, CEO of Bitget, suggests that the price of Bitcoin currency varies between $ 110,000 and $ 120,000 in the next two weeks, but it sees – at the same time – that the price of Ethereum is more powerful, should be a price between $ 4,600 and $ 5,200.

“The blockchain data currently shows the rotation of the capital, because it sells whales (major investors) Bitcoin to invest in Ethereum, which improves the momentum of the latter.” She added: “The expected cash facilitation factors and the continuation of boxes circulating on the stock market (ETF) by receiving investments and increasing the use of the part of Ethereum combined, indicating that the currency is in a position which allows it to excel in the predictable term.”

In total, analysts believe that although Bitcoin has the support of institutional demand, solid foundations, clarity of the organizational framework and continuous flows through ETF can give Ethereum the preference to direct the next step in the rise in the market.

The CRIPTO market value position decreases by around 5% after Bitcoin-BTC and Ethereum-Eth prices are first decreased on Arab Cryptonews.

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