On January 24, the price of bitcoin continues to decline and is already close to $33,000. In 24 hours, the price of the asset fell by 5.7%, and by 21.8% in a week, according to CoinGecko.
At the moment, bitcoin is trading in the region of $33,350. The total market capitalization is $1.6 trillion.
The past week for bitcoin is the worst in eight months. January 21, bitcoin quotes in the moment dropped below $37,700on Saturday – up to $ 34,000. When compared with November high of $69,000then the cost sank by 50%.
Together with the market leader, Ethereum also lost its position; over the past day, the coin has decreased in price by 10.1%. Now its cost is $2191.
TOP-10 assets by capitalization are now in the red zone. Solana lost the most — 17.9%. Service Coinglass records that liquidations in the futures market exceeded $384 million over the past 24 hours.
Now the entire financial world is preparing for the upcoming Fed meeting on January 26th. According to preliminary data, the members of the open market operations committee will inform about the readiness at a meeting in March, along with the final winding down of the quantitative easing program, raise the key rate by 25 b. P.
The reasons for the fall are the exacerbation of geopolitical risks. Now Eastern European stock indices are suffering big losses. The dollar-denominated RTS index, which tracks 43 Russian companies, plunged 8.4%.