As noted by RBC, the market situation resembles the summer of 2022, when the Terra crypto project collapsed, the indicator of "fear and greed" is at a minimum.
A week ago, bitcoin was worth about $95,000, but on Monday, February 24, it began to decline. The reason was the news about the possible imposition of duties by Donald Trump in relation to Mexico and Canada. By February 27, BTC had updated the minimum several times, approaching $82 thousand.
At 13:30 Moscow time, the BTC exchange rate is hovering around $86 thousand. It fell by almost 3.5% in a day, and by more than 10% in a week. The share of bitcoin in the cryptocurrency market is 60.83%.
Photo: ru.freepik.com
The capitalization of the entire crypto market decreased by 3.8% per day, to $2.97 trillion. The total trading volume in 24 hours was $192 billion.
Bitcoin and other cryptocurrencies continue to fall due to investor concerns about the global political situation and capital outflow from exchange-traded funds. The market remains tense, and participants are waiting for further developments.
