The value of the main cryptocurrency reported a 1.1% drop at the close of trading on Tuesday, the asset ended the session at $47,400. Digital gold traded at $47,170 on Wednesday.
The leading altcoins of the crypto market willingly adopted the dynamics of the leader and showed a steady decline. So, Ethereum lost 0.5%, Binance Coin sank by 0.8%, and XRP collapsed by 4.1%. Only the Terra token reported a spectacular increase, which increased in price by 7% – to a new historical record.
However, the main star of the cryptocurrency market on Wednesday was undoubtedly the altcoin Will Smith Inu, whose value at the moment was growing by 1288% – up to $0.0000044. Over the past day, the coin has risen in price by 459%. The reason for the creation of the token was the scandal at the Academy Awards: actor Will Smith hit the host of the ceremony Chris Rock for joking about his wife.
According to the statistics of the popular Internet platform CoinGecko, which tracks prices for virtual assets, the total capitalization of the crypto market has decreased by 5% over the past 24 hours – to $ 2.2 trillion. The indicator of fear and greed sank by 4 points in a day – up to 56 points.
The day before, the value of the BTC began to decline before a strong resistance at the level of $48,000, which it could not slip in the first days of the week.
On Wednesday, experts of the analytical company CryptoQuant reported that large holders of digital assets (crypto-whales) have started sending bitcoin to exchanges. Traditionally, investors send virtual currency to exchanges for the purpose of its subsequent sale. By the way, over the past six months, crypto-whales have been confidently buying digital gold.
Analysts from CryptoQuant predict that in the near future the value of bitcoin will begin to decline actively.
It became known that Tesla CEO Elon Musk is thinking about creating his own social network with support for a virtual coin - the Dogecoin meme.