$BTC
!!! Crypto Crypto Crypto
Today was full of movement in the market. Bitcoin dropped close to $87,000 after breaking important levels in the past hours, and there was a noticeable decline in most other currencies like Ethereum and XRP.
The main reason for the pressure is the expectations of interest rate hikes in Japan, and with the liquidity weakening, selling increased significantly.
There was an important news: Vanguard — which has always been against crypto — opened its platform for funds linked to digital currencies. A step that could change the market's shape in the upcoming period.
We also saw BitMine purchasing a massive amount of Ethereum for over $70 million, indicating that some people see the current prices as an opportunity.
In short: the market is pressured, but there are significant movements from institutions that could have a positive impact later.
