bitcoin retreats, still adjusting after recent rally; ethereum advances By Estadão Conteúdo

by time news

2024-05-10 21:26:10

Bitcoin fell this Friday, the 10th, still with limited momentum after the rally at the beginning of the year, driven by the halving and the approval of index funds (ETF) in the United States. , on the other hand, advanced, interrupting recent weakness.

At around 4:30 pm (Brasília time), bitcoin fell 2.43%, to US$ 60,692.15 (R$ 313,171.50), while ethereum advanced 1.32%, to US$ 3,028.20.

Navelier considers that bitcoin has recently suffered from the rise in interest rates on Treasuries. According to the investment manager, the cryptocurrency was sustained above US$63,000, but there was a movement of losses after the advance in bond returns, with reassessments on the persistence of inflation and the stance of the Federal Reserve (Fed, the central bank north -American).

Among leaders, today the stance shown in statements was to “wait and see” the direction of inflation, with caution before any decision on cutting interest rates.

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