$BTC $SOL $XRP #bajista #corrección #Oportunidad #cryptoculture Strong falls in cryptocurrencies due to fear of a tougher-than-expected Fed

The central bank could postpone its interest rate cut.

Notable falls in cryptocurrencies in the last 24 hours. Bitcoin (BTC) loses a little more than 4% and falls to $42,000 from the highs set this past Sunday at $44,000, while Ethereum (ETH) falls more than 5% and falls from the peak reached in $2,376 to $2,230. This drop represents bitcoin's biggest single-day decline in more than a month.

The strong declines of the largest cryptocurrencies on the market have been noted in the market capitalization of the market, which has decreased by 4% in the last day and now stands at 1.57 trillion dollars. However, this level is similar to that reached in the spring of last year 2022.

Data from Coinglass shows that at the start of Asian trading, more than $335 million in liquidations had occurred in the last 12 hours, with $300 million in long positions liquidated. The drop also erased about $1.2 billion of open interest in BTC, which is currently around $17.9 billion. Bitcoin and ETH led liquidations in the digital asset space, with over $89 million in bitcoin positions liquidated and $74 million in ETH.

This index measures six key indicators (volatility (25%), market momentum and volume (25%), social media (15%), surveys (15%), bitcoin dominance (10%), and trends (10%)) to measure market sentiment each day. A downward reading of this reference can indicate "extreme fear" which can be interpreted as a sign that investors are too worried and is usually understood as a buying opportunity. Conversely, a broad sentiment of "greed" may indicate that the market is about to undergo a correction.