In 24 hours, the price of BTC decreased by 4%, trading at $42 thousand. The cost of ETH reached a minimum of $ 2.1 thousand, after which it grew to $ 2.2 thousand. The price of SOL dropped to $ 66 and then began to rise to the level of $70. Also, against the background of the growth of the US dollar index, the price of gold decreased.
Greta Yuan, head of research at VDX, said in an interview that earlier this week there was a slight adjustment in the market as a whole due to higher-than-expected wages in the non-agricultural sector and a decrease in unemployment.
According to Coinglass, over $335 million worth of digital assets have been liquidated in the last 12 hours, while long positions have been liquidated by $300 million. BTC and ETH predictably lead in terms of liquidation volumes in the amount of $89 million and $74 million, respectively.
Lucy Hu, senior analyst at Metalpha, said that the recent minor correction in the market as a whole is part of a rational profit-taking process, since traders probably reached the target price level at the end of the year, taking into account the growth of BTC by 70% since October.
An important event of the current week will be the Fed’s meeting this week. According to analysts, the market may see a price correction for BTC up to $39.7 thousand.