Bitcoin fell back below $19,000 on Thursday (13) following new comments on US inflation. According to Bloomberg, the Fomc’s projection is for the interest rate to be raised by 4.75% by the end of the year.
The expectation of further interest rate increases have generated a wave of withdrawal among cryptocurrencies. This morning, both Bitcoin and other cryptocurrencies were trending lower in the market.
In Brazil, the price of BTC accumulated a 2.3% drop, being sold in the range of R$ 98,000.
Accompanying the downward trend in the market was also Ethereum, with a drop of 4.4%. According to CoinGecko, the price of Ethereum was R$6,500.
The Huobi cryptocurrency, on the other hand, followed an opposite trend to the market and rose 10% in the last 24 hours. The current price of HT is R$36 and has appreciated more than 70% in the last week alone.
Price of the main cryptocurrencies today
According to CoinGecko, among the major crypto economies in the market, the one that suffered the least was BNB. According to the figures for the past 24 hours, BNB recorded only a 3.6% drop, selling for around $1,300 this morning.
Meanwhile, major coins such as XRP, Cardano (ADA) and Solana (SOL) have registered around 8% in decline over the last day. The meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), on the other hand, recorded declines of 5.9% and 7.4%, respectively.
Also according to CoinGecko, other coins such as Polygon (MATIC), Polkadot (DOT), Avalanche (AVAX) and UniSwap (UNI) were also down between 5% and 8%.
Among DeFi coins and gaming tokens the drop was even steeper. According to CoinGecko, tokens such as AXS, MANA, SAND, FLOW, CHZ, STEPN and APE registered a drop of around 9 percent.
The value of the global cryptocurrency market was trading at $915.55 billion, falling more than 3 percent in the last 24 hours. However, total trading volume jumped nearly 20% to $58.48 billion.