BTC, Drops to $92,000 in Afternoon Selling Pressure
Altcoins Record Average 2% Decline on the 24th
Bloomberg: "BTC Continues 'Digital Gold' Status"
Previously, on the 23rd, the cryptocurrency market surged in response to Trump's comments about easing trade tensions and resolving conflicts with the Federal Reserve Chairman.
Earlier, President Trump mentioned during a White House office speech on the 22nd that tariffs on China would would substantially lower". He also stated regarding his relationship with Federal Reserve Chairman Jerome Powell, "I have no intention of firing him" and "I hope he becomes more proactive about interest rate reduction ideas". <>
the market continued its upthe of the it declined due to profit-taking sell-off in the afternoon. Bitcoin dropped to $92,000, and Ethereum (ETH) fell by about 4.2%, with many altcoins declining by around 2%.
◇Bitcoin = At 4 PM on the24th, th, Bitcoin price on Upbit was 132,730,000 won. Bitcoin's dominance was 64.<36>
As Bitcoin showed a trend different from US tech stocks, Bloomberg expectations arose that Bitcoin would maintain its 'digital gold' status.
Bloomberg analyzed, "After President Trump announced plans for large-scale tariffs and risk assets generally declined, Bitcoin began showing a flow similar to gold,, out as asset in an uncertain market".".
◇Rising Coins = At 4 PM on the 24th, the cryptocurrency with the largest increase compared to the previous trading day on Upbit was Ardor (ARDR), rising by 35%.
Ardor (ARDR) is an open-source multi-chain BaaS (Blockchain as a Service) platform improved from the NXT by the Jelurida Foundation, also known as NXT 2.0.
The currency unit is the ARDR token, which it serves as the main chain token of the Ardor Network for new creation, network consensus, governance, and transaction fee payments.
<�◇Fear and Greed Index = asset Fear-Greedeedassett index provided by Alternative is 63 points, entering the 'Greed' stage. price volatvolume. The stage Greed stage is a section where prices rise, with a high possibility of short-term peak formation, requiring caselling.
The cryptocurrency Relative Strength Index (RSI) provided by Sigbit is 66.a 'neutral' state. The RSI determines the relative strength between upward and downward price pressures for a specific specific asset and indicates the overbought and oversold scale of a particular asset... br
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