Bitcoin (BTC) fell 2.3% in the last 24 hours, falling to $57,000. BTC, which briefly exceeded $59,000 on Thursday, fell due to selling pressure from bitcoin wallets belonging to the German state of Saxony. 📉📈
The core CPI of 3.3%, which showed a lower-than-expected increase for June, was seen as a bullish signal for risky assets such as cryptocurrencies. However, since this situation was predicted by many people and prices had risen in the previous days, it turned into a 'buy the news, sell' event.
There were also declines in major tokens. Ether (ETH) and BNB Chain's BNB fell 2.2%, while Solana's (SOL) and Dogecoin's (DOGE) losses were up to 5%.
Only XRP remained in the green zone, up 5% in the last 24 hours. This increase comes after CME and CF Benchmarks announced the release of indices and reference rates for XRP on Thursday.
Market participants were “waiting on the sidelines” and Mt. Price stagnation is thought to continue due to selling pressure from Gox and the German state of Saxony.
When do you think this situation will change? We are waiting your comments! 💬💭