Cripto News today: Bitcoin collapsed, Altcoins bleeds – what is behind today’s collapse?

The Cripto market has just taken a brutal hit, almost 3% of the total value as panic investors is spilled. Bitcoin fell under $ 95,000, while Etherum crossed $ 2,500, labeling fresh weekdays in Wake from the latest testimony of Jerome Powell Jerome Powel.

Fed Shoad Witnesses of Jeroma Powel in the Banking Banking on Tuesday, 11. February, served only to feed the bears who have since forced the crypto industry to switch to 3.15 trillion dollars in the last 24 hours.

While submitting a semi-annual report on the Committee Monetary Policy, Powell conveyed A message of cautious optimism It has affected many investors.

He claimed that the Federal Reserve does not rush to reduce short-term interest rates, although low and inflation unemployment rates are slightly above 2% goal. He claims that too rapidly facilitating policies facilitated the winnings in inflation control.

Cripto market reacts negatively to Powell’s Sentimen

Powell’s testimony has occurred immediately after Trump raised tariffs on steel and aluminum importsS, which launched panic on the crypto market. They fed a bear trend that has been engaged in the market last two weeks, sent upper coins to roll over to the local bottom and forced the disproportional liquidation of long trades.

At the time of pressure, Bitcoin lost a close to 3% high high and up to $ 94,875 – his lowest point in the last seven days. This effectively deletes all gains made since 3 February three market.

Ethereum’s price in the last 24 hours dipped for a 3% claim of $ 2560. News now has, but fight, Altcoin trading near monthly orders in the amount of $ 2,600. And if Record a short at the Etom position that open currently Is anything to pass, the market does not expect to set a significant moment soon.

Ripple, Solana and Cardano reacted to news with values ​​of value between 4% and 6%. It is important to note that three has released impressive winnings In the last two days after sex admitted to receipt of their ETF applications.