the Bitcoin (BTC) The stock is trading lower this Tuesday (11) after topping $106,000 the previous day. Cryptocurrency in Zone of uncertainty and cautionBecause whenever it drops to 100 thousand US dollars, it finds purchasing power, but the long positions are unable to take the asset above 107 thousand US dollars.
On the macroeconomic and policy radar, investors are waiting for definition within a range The project that ends the US government shutdown. The measure was approved in the Senate after an agreement between Democrats and Republicans, bringing optimism to the market, but it still needs approval from the House of Representatives before it can be approved by President Donald Trump..
The “shutdown” has already lasted 42 days, making it the longest in US history. With the closure of public services, the publication of many economic indicators has stopped. This makes it difficult to predict the future, with negative implications for risky assets, such as cryptocurrencies.
At 10:31 a.m. (Brasilia time), Bitcoin fell 1.9% in 24 hours, reaching $104,283, according to data from CoinGecko. Bitcoin fell by 2.5% to R$552,238, according to values provided by Cointrader Monitor.
Among altcoins, ether, a cryptocurrency on the Ethereum network, fell 1.7% to $3,553. Meanwhile, XRP, Ripple’s international payments token, fell 4.2% to $2.46; Solana (SOL) recorded a 3.6% depreciation to $163.25; BNB (Binance Smart Chain Token) suffered losses of 2.1% at $980.61.
The combined market cap of all cryptocurrencies in the world currently stands at US$3.61 trillion.
According to cryptocurrency analyst Beto Fernandez, the clear end of the “lockdown” in the United States has led to a rise in the price of Bitcoin, but part of the market is still not very optimistic.
“The reality is that even with the lockdown over, the market is still flying blind, just waiting for data from the North American economy. Depending on how these indicators turn out, any potential sense of recovery could be lost along the way and control of asset performance returned to those sold,” says Fernandez.
For advisory firm Vault Capital, the $104,000 support area has become the next relevant line of defense for Bitcoin. “Losing this area would open the way for wider corrections, with possible deviations of up to $100,000 and $98,000.. Therefore, it is important for buyers to emerge and defend the price in this range, avoiding an extension of selling pressure,” analysts say in a report.
However, the consulting firm estimates that the technical scenario still favors a breakout of the current resistance level at $107,476. “If the move is confirmed, Bitcoin could quickly move towards the $110,000 to $111,000 range, driven by the high volume of leveraged positions and concentrated liquidation zones in this region.“.
In exchange-traded funds Spot Bitcoin (ETFs) Which operates on the American stock exchanges, a Net positive balance of $1.2 million. The only person responsible for the influx of buyers was BITB, from Bitwise.
In Ether ETFs, the flow was zero in the last trading session. Finally, we are In Solana ETFs, the balance was positive at $6.8 million.
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