Large coins were seen as global in the red at 20:55 Sunday evening cryptocurrency The market cap fell 1.75% to $1.1 trillion.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | -1.7% | 11.5% | $24,254.32 |
| ether ETH/USD | -1.2% | 10.7% | $1,671.60 |
| Dogecoins DOGE/USD | -2% | 6.4% | $0.09 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| stack (STX) | +82.8% | $0.72 |
| confluence (CFX) | +41.4% | $0.22 |
| Filecoin (FIL) | +12.8% | $8.70 |
See also: 11 Best Cryptocurrency Brokers February 2023
What happened: Bitcoin And ether were seen lower after shares ended last week on a mixed note. On Friday, the S&P 500 fell nearly 0.3% for the week, while the Nasdaq gained nearly 0.6% over the same period.
Investors continued to worry about inflation and its impact on interest rates. Senior Market Analyst at OANDA, Edward Moyawrote on Friday: “Not only are Fed expectations rising, but traders are expecting the ECB to send significantly higher interest rates. It looks like global growth will definitely be hit harder as monetary policy over the next few months becomes even more restrictive.”
Despite this, investor sentiment improved over the week. Last week, Alternative.me’s Crypto Fear & Greed Index flashed Neutral, but at the time of writing, it read Greed.
The Fear & Greed Index measures mood over time with scores ranging from 0 to 100, with the highest score representing extreme greed and 0 representing extreme fear.
Michael van de Poppe noted that “people are focused” on Bitcoin flipping the 200-week moving average. The trader tweeted, “However, the total market cap of [cryptocurrencies] broke through it and had a nice retest + kept it up as support. Most likely we will go from here with a 2x for the entire market.”
Justin Bennett warned…
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