The announcement of the increase in bank interest rates from March this year again generated fear in the cryptocurrency market, leading to a drop in the price of Bitcoin and the main cryptocurrencies this February 27.
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Bitcoin falls back to USD $36,600 this January 27
A new morning begins and we open our price report for this January 27 reviewing the evolution in the price of Bitcoin (BTC), digital currency that returns to the downside again and registers losses of 3.3% in the last 24 hours, trading at the time of publication at about USD $36,598 per unit.
This is reflected in data published in our section CryptoMarkets, where is appreciated as the price of Bitcoin managed to overcome and remain slightly above USD $38,000 per unit, but as of 2:00 pm (New York time) its price went down amid the fears and uncertainty that shook the market.
The new announcements of FED
On this occasion, the drop seen in the price of Bitcoin coincides with the new announcements made yesterday by the president of the US Federal Reserve (FED), Jerome Powell, who anticipated that from next March there will be changes in the current economic conditions to deal with the inflation that affects the US currency.
Among the changes announced by Powell, he especially highlighted the increase in bank interest rates starting next March. For many analysts, it was this aspect that maintained optimal conditions to guarantee liquidity within the cryptocurrency market, since investors had a greater amount of capital to allocate to other sectors.
Although Powell did not indicate how much the increase would be, he did anticipate that the percentage could vary in the future depending on what was agreed in the quarterly meetings that the team will hold. FED, and that this measure would also be accompanied by other actions such as reducing purchases of bonds and assets, something that it has been doing since last year.
After Powell’s announcement, both the stock markets and the crypto sector in general fell sharply, reflecting fear and uncertainty about a possible negative outlook at least in the short term.
Major altcoins are also down this January 27
As expected, not only Bitcoin was affected after the announcements of the FED yesterday, so a good part of the main altcoins also score lower for the morning of this January 27.
Such is the case of currencies such as Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), XRP, Solana (SOL), Terra (LUNA), Dogecoin (DOGE), Polkadot (DOT), Avalanche (AVAX) and many others, which capitalize losses between 3% and 6% at this time.
Winning Losing Cryptocurrencies This January 27
Finally, below we review the cases of the currencies with the most pronounced fluctuations for this January 27:
???? Winning Cryptocurrencies:$TFUEL Theta Fuel 31,93% (USD $0,17)$ALT Wings 26.59% (USD $29.79)$THETA Theta Network 14,79% (USD $3,08)$SAND The Sandbox 8,96% (USD $3,51)$HNT Helium 5,19% (USD $28,8)
— Diary฿itcoin (@DiarioBitcoin) January 27, 2022
Losing Cryptocurrencies:$AMP Amp -10,78% (USD $0,03)$WAVES Waves -10,56% (USD $10)$ OKB OKB -9,09% (USD $20,55)$ QNT Quant -9.03% (USD $ 97.49)$KLAY Klaytn -8,74% (USD $1,23)
— Diary฿itcoin (@DiarioBitcoin) January 27, 2022
To buy cryptocurrencies through DailyBitcoin
We understand that this is a complex and especially sensitive moment in the cryptocurrency market, but if you are one of the people who see opportunities with current prices, we remind you that our section CryptoMarkets already has buttons so you can buy your favorite digital currencies.
If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or want to get some Tether (USDT), you just have to access our page CryptoMarkets and click on the currency of interest. In addition to seeing its price, evolution and other market data, you will also find a buy button that will take you to a reputable exchange where you can do your trading.
We recommend everyone to be very attentive as this possibility will be incorporated soon for a greater number of digital currencies.
Fountain: CryptoMarkets, CoinMarketCap
Picture of Unsplash
WARNING: This is an informative article. DiarioBitcoin is a means of communication, it does not promote, endorse or recommend any investment in particular. It is worth noting that investments in crypto assets are not regulated in some countries. May not be suitable for retail investors as the full amount invested could be lost. Check the laws of your country before investing.
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