In stock markets, capital is redistributed in favor of the US dollar.
The US currency index rose to a seven-week high. The day before, he reached 104.68 points.
Digital currencies, by contrast, are faced with capital outflows. If bitcoin at the beginning of this week tried to gain a foothold at $ 25,000, then last Thursday it sat below $ 24,000.
On Friday night, February 24, the BTC rate dropped to $ 23,963. The ether ( ETH ) fell to $ 1652. Cardano ( ADA ), Polygon ( MATIC ) and Dogecoin ( DOGE ) fell 0.5% to $ 0.383, $ 1.35 and $ 0.084 respectively.
According to IntoTheBlock, the bicoin strong support zone has formed in the range from $ 22 659 to $ 23 325. In this area, 711,550 BTCs were previously bought 1.41 million addresses.
As you approach $ 25,000, the resistance will increase, and it is unlikely that bitcoin will be able to break it in the near future.
BTC rally is unlikely given that the Federal Reserve is likely to refrain from lowering the discount rate in 2023, analyst Dylan Leclair said.
In this case, the attractiveness of risky assets will remain weak.
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