The digital currencies did not succeed in resisting the harsh tone of the US Federal Reserve Chairman, Jerome Powell, only for moments before resuming the strong decline again after two days of rest, in which they tried to rise and return to the positive path, but the Fed’s strike was stronger than endurance and foreign currencies lost yesterday significantly. Strong, but several things happened that changed the course.
buy dip
Cryptocurrency traders always maintain an optimistic spirit for the future and a strong belief that it will inevitably rise, this appears in the statements of institutions supporting digital currencies and famous people who support the field of digital currencies, led by Cathy Wood and her company Arc Investment, which issued a research paper on Ethereum, in which she stated that: Ethereum will be valued at about one hundred and eighty thousand dollars in 2030.
Analysts say that the markets are now witnessing a recovery for Bitcoin and the majority of major altcoins thanks to the concept of buying the dip to take profits later, but this view is short-term, as technical analysts are divided about the future of digital currencies completely, between those who see this decline as a base to start again, Some others are of the opinion that the recent cryptocurrency sell-off continues and that the downside wave will prevail.
The technical analysis went to consider that the sentiment is negative at this time, and the most likely is the continuation of the decline.
Amazon story
In a development calculated for cryptocurrency, Amazon announced yesterday that Amazon store owners who sell their products to Elevate Brands manufacturers are now given the option to pay in crypto.
Elevate Brands, which owns a group of consumer products companies that focus on Amazon's product selling platform, is working with Coinbase high to offer the option.
“We have learned that Amazon sellers are already interacting with cryptocurrencies, so we are pleased to be the first company in the Amazon ecosystem to offer the option of coins or Coin,” said Ryan Jensen, CEO of Elevate Brands, in a press release.
Elevit has raised more than $370 million from institutional investors and owns more than 30 private brands. The company says it is one of the hundred best sellers on Amazon.
Amazon's selling partners in the US have sold more than three billion products and averaged more than two hundred thousand dollars in sales, an annual increase of about one hundred and seventy thousand dollars, according to the Amazon Small Business Empowerment 2021 Report, released last October .
Mask give up bitcoin
The latest Tesla Quarterly Report (TSLA) showed that the value of Bitcoin that Tesla bought last February with a value of 1.Five billion dollars has shrunk to 1.26 billion dollars.
The reason for the drop is not only due to Bitcoin's recent hard landing, but also to the fact that ten percent of Tesla's Bitcoin balance was sold in the meantime to test the cryptocurrency's liquidity, the company announced.
Cryptocurrency rates now
Bitcoin is now trading at $36,648 per symbol, up zero.87%, while Ethereum is down zero.86%, at $2,404 per symbol.
As for Binance Coin, it is up 4.19% and is now worth $385, in contrast to Cardano, which is down 2.94% and is trading at $1.0223.
Solana, Rebel and Doge Coin also decreased, in varying proportions, between 0.58% for Solana, which is equal to $89.117, and .Ninety seven percent to ruble at $0.598.
The biggest loser among the adults is LUNA, which is down more than 13% in these moments.
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