Cryptocurrencies are mixed on Thursday, although Bitcoin and Ether could remain above meticulously monitored levels.
Bitcoin was down 1.5% at $ 21,348 and Ether was down about 5% at $ 1,119, according to Dow Jones Market data.
Other cryptocurrencies worked better. According to CoinDesk, Solana was up 13%, Cardano 6% and Tocaine 11%.
Although the two major cryptocurrencies, Bitcoin and Ether, were lower, the Federal Reserve’s move on Wednesday eased pressure on cryptocurrencies and may have triggered some negotiators, said Naeem Aslam, chief market analyst at AvaTrade.
Another factor is that both are close to major price levels. Bitcoin and ether have always been trading this week in eye-catching round numbers — $ 20,000 for bitcoin and $ 1,000 for ether. They are below those levels from December 2020 and January 2021 respectively. Being above the levels led to some optimism that those prices would be depressing enough to attract buyers, create a “site” and put an end to sales.
But despite the bargain, Mr. Aslam said the damage to the senses was so severe that $ 20,000 would not last long.
“Prices may continue to fall, and large auctions can now be seen approaching the $ 15,000 price,” he said.