Solana, XRP Lead crypto slide in front of us rest
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Cripto Markets fell on Monday, because traders locked the profits and sought new catalysts to determine positioning while the US watched the president’s day.
Solana (Salt) And XRP slid 4% to keep losses among the main cryptocks, with Bitcoin (Btc) Discharge 1.1% and BNB BNB chain is 0.5% in the last 24 hours. Dogecoin (Exaggerate) Lost 3%. And Cardano’s Ada and Ether (El) It rose 2% from noon in Europe.
Jupiter’s JUP slide 9% to run losses among Midcap tokens, winding from its obvious connections with a controversial cash coin. Libra in the last week briefly picked up Argentina Miley as a project that could help small businesses, but instead collapsed shortly after the issuance now faces a legal heat.
Widely based COINDESK 20 (CD20)The liquid index monitoring the largest market capitalized tokens fell 1.29%.
“Without significant crypto-specific catalysts, the action of the price Macro is made especially because the correlation between BTC and capital is largely intact,” KCP capital said in an issue in the broadcast. “However, it is interesting to note that despite the macro uncertainty (tariffs, debt, inflation, etc.) and unpredictable Trump, Cripto implies, cripto, still trading its lowest falls.
“BTC has shown that recent macro data and OI are not recovered after the January month’s expiration. This suggests that the Martela is just waiting for changes to concrete policies,” Singapore-based company added.
OI, or open interest, whether the number of outstanding options are not closed contracts. The stingy open interest represents more money running on the market options.
The call option to $ 110,000 listed on deribit is the most desirable game options this month, as CoindeSk analysis He noticed earlier Monday, while Bitcoin remains limited in the narrower band below $ 100,000.
Traders say the preferred for BTC came mainly from its attraction among institutional investors.
“While many Altcoyni reduced 40-60% during the last month or, Bitcoin’s price showed surprising resistance, holding about 96-97k. It is probably because its base was carried according to institutional investors, and that is likely to continue, “Jeff Mei, Coo in Taiwan Cripto Chipto BTSe told COINDESK in the telegram message.
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2025-02-17 14:51:00