bitcoin and ethereum fall, on a day of reduced liquidity due to a holiday in the USA By Estadão Conteúdo

2023-11-23 23:10:11

© Reuters. Cryptocurrencies: bitcoin and ethereum fall, on a day of reduced liquidity due to a US holiday

Cryptocurrencies fell this Thursday, 23, in the late afternoon, in the wake of news involving the largest crypto broker in the world, Binance, on a day of reduced liquidity due to a holiday in the United States. Investors continue to monitor the agreement involving a billion-dollar fine between the company and the United States Treasury, and are also following the expectation of an end to interest rate hikes in the largest economy in the world.

According to Binance, at around 5:30 pm (Brasília time), it fell 0.01%, to US$ 37,287.98 (R$ 182,979.58), while it fell 0.67%, to US$ 2,063.16 (R $10,124.34).

For Ayron Ferreira, chief analyst at Titanium Asset, the balance of the latest events involving Binance is positive for the cryptoactive scenario, as the broker agreed to pay the US$3.4 billion fine proposed by the US Treasury Department.

“This makes the market even more ready to grow in the coming years, at a slower speed,” he says, and believes that this gives greater consistency to the sector.

The analyst also says that the minutes of the Federal Reserve (Fed, the North American central bank) on Wednesday, despite sounding hawkishwas not enough to change the market’s conviction that the interest rate hike cycle had come to an end.

Meanwhile, Julius Baer observes the crypto market with a little more resistance, and points out that the main effect of the Binance news was that almost a billion dollars in customer assets left the exchange.

The broker is responsible for most of the world’s crypto trading, and 25% of Binance’s customers are from the United States, so the company’s withdrawal could make access to the crypto market difficult for millions of people.