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Inflation Fears Intensifies Sell-Off, Forcing Bitcoin Below $27,000

Since the Fed’s recent rate hike, Bitcoin and the broader crypto market have faced increased pressure, forcing investors to turn away from equities and...
Inflation Fears Intensifies Sell-Off, Forcing Bitcoin Below $27,000 Inflation Fears Intensifies Sell-Off, Forcing Bitcoin Below $27,000

Since the Fed’s recent rate hike, Bitcoin and the broader crypto market have faced increased pressure, forcing investors to turn away from equities and cryptocurrencies’ riskier assets.

Sell-Off Worsens as Inflation Fear Rises

The initial impact of the rate hike saw the price of cryptocurrencies crash alongside equities. The first round of sell-off saw the price of Bitcoin fall 9% approximately after the Fed’s announcement.

However, the sell-off only worsened as the peg of TerraUSD (UST) broke. The crypto market was sent into total mayhem following the subsequent UST peg loss and Terra’s (LUNA) 99% fall.

Bitcoin Falls to 16 Months Low

The intense fear in the market sparked a sell-off, which has seen the price of Bitcoin fall by more than 30% in the last seven days.

The 7D price chart of Bitcoin. Source: CoinMarketCap

The price of Bitcoin has dropped from its recent high of $39.5K to as low as $26,350. The market crash has seen Bitcoin fall under $27,000 for the first time in 16 months, wiping out all its gains in 2021.

As Bitcoin fell under $27,000 in the last 24 hours, over 428,000 traders have lost a total of $1.22 billion.

On The Flipside

  • Despite Bitcoin’s plunge under the critical $30,000 level, whales have continued buying the dip, with a spike in exchange inflows.

Why You Should Care

Indications that the Luna Foundation Guard had been selling its BTC holdings added even more panic and selling pressure which drove the price of Bitcoin lower.

Continue reading on DailyCoin

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24-05-2022 01:54:20 (UTC+7)

EUR/USD

1.0694

+0.0134 (+1.27%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

EUR/USD

1.0694

+0.0134 (+1.27%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (4)

GBP/USD

1.2578

+0.0091 (+0.72%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (3)

USD/JPY

127.89

+0.04 (+0.03%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.7108

+0.0075 (+1.07%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2780

-0.0056 (-0.43%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

EUR/JPY

136.76

+1.75 (+1.30%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (5)

EUR/CHF

1.0325

+0.0029 (+0.29%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (6)

Gold Futures

1,856.04

+13.94 (+0.76%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Silver Futures

21.837

+0.163 (+0.75%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Copper Futures

4.3390

+0.0640 (+1.50%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

Crude Oil WTI Futures

110.24

-0.04 (-0.04%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (6)

Brent Oil Futures

110.65

+0.66 (+0.60%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

Natural Gas Futures

8.831

+0.653 (+7.98%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

215.58

-0.27 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Euro Stoxx 50

3,708.39

+51.36 (+1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

S&P 500

3,970.61

+69.25 (+1.78%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (6)

DAX

14,175.40

+193.49 (+1.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,513.44

+123.46 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Hang Seng

20,470.06

-247.18 (-1.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

1,795.60

+27.25 (+1.54%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (9)

IBEX 35

8,625.80

+141.30 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

BASF SE NA O.N.

49.735

+0.885 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

64.47

+0.73 (+1.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Allianz SE VNA O.N.

199.38

+3.80 (+1.94%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Adidas AG

175.48

+2.68 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.903

+0.051 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

Siemens AG Class N

116.70

+1.62 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.018

+0.656 (+7.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0694Neutral
 GBP/USD1.2578↑ Buy
 USD/JPY127.89↑ Sell
 AUD/USD0.7108↑ Sell
 USD/CAD1.2780Buy
 EUR/JPY136.76Neutral
 EUR/CHF1.0325↑ Sell
 Gold1,856.04↑ Buy
 Silver21.837Buy
 Copper4.3390↑ Sell
 Crude Oil WTI110.24Sell
 Brent Oil110.65Sell
 Natural Gas8.831↑ Buy
 US Coffee C215.58↑ Buy
 Euro Stoxx 503,708.39↑ Buy
 S&P 5003,970.61↑ Sell
 DAX14,175.40↑ Buy
 FTSE 1007,513.44↑ Buy
 Hang Seng20,470.06Neutral
 Small Cap 20001,795.60↑ Sell
 IBEX 358,625.80↑ Buy
 BASF49.735↑ Buy
 Bayer64.47↑ Buy
 Allianz199.38↑ Buy
 Adidas175.48↑ Buy
 Lufthansa6.903Neutral
 Siemens AG116.70↑ Buy
 Deutsche Bank AG10.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,890/ 6,990
(0/ 0) # 1,765
SJC HCM6,905/ 6,995
(0/ 0) # 1,769
SJC Hanoi6,905/ 6,997
(0/ 0) # 1,771
SJC Danang6,905/ 6,997
(0/ 0) # 1,771
SJC Nhatrang6,905/ 6,997
(0/ 0) # 1,771
SJC Cantho6,905/ 6,997
(0/ 0) # 1,771
Cập nhật 24-05-2022 01:54:22
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,856.59+10.770.58%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$109.82-0.12-0.11%
Brent$111.11-0.57-0.51%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 18:52:02 23/05/2022
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