Bitcoin failed to stay above $24,000Bitcoin broke above $24,000 in the middle of the week. The coin was trading at its highest values since last August.
However, it failed to break resistance around $25,000.
The BTC surge was the result of a sharp improvement in sentiment in the camp of traders. The increase in appetite for risk is evidenced by the jump in the crypto-fear and greed index to 62 points.
Investors were expecting more impressive performance from bitcoin in the coming days. However, after the resumption of selling in stock markets, the negativity returned to the cryptosphere as well.
Bitcoin failed to hold its position above $24,000 and began to decline. At the time of publication of this review, BTC was trading at $23,759.
Altcoins are also losing value. Ether has fallen to $1645. Cardano (ADA), Polygon (MATIC) and Dogecoin (DOGE) fell 1.5% to $0.397, $1.46 and $0.086 respectively.
CEO of Galaxy Digital Mike Novogratz believes that the Federal Reserve will be able to create conditions for the growth of stock markets in the near future. To do this, it needs to abandon its tight monetary policy.
If the stock markets begin to grow, bitcoin will also strengthen. The businessman doesn't rule out the possibility that BTC will reach $30,000 by the end of the first quarter.
