Bitcoin (BTC) The night push towards new records met with profits on Monday, overthrowing prices at $ 118,500.
The withdrawal left Bitcoin to 2.8% reduction on its $ 122,200 session, although the largest crypto was up 0.4% in the last 24 hours.
Ether maintained more than $ 4,200, slightly up 0.8% during the same period, while the soil of Major Altcoins Solana (GROUND)Dogecoin
And the native token of suis (Sui) Slipped by 3% -4%.
James Van Straten, principal analyst at Coindesk, noted that the Bitcoin weekend rally had left a gap on the market for future CMEs, which is only negotiated on weekdays, between the end of Friday at $ 117,430 and the open Monday at $ 119,000. History suggests that the BTC could go back to review and “fills” this gap, he said.
Tuesday American consumer price index (ICC) The report could be the biggest catalyst of the week for merchants, with the price index of producers (PPI) Data later later in the week.
The fact that the Bitcoin momentum continues will probably depend on these American macroeconomic data reports, Bitfinex analysts said in a market report on Monday.
“With the sensitivity of the market to high macro-events, traders should prepare for increased volatility and the possibility of a retracement around $ 110,000 in the short term,” Bitfinex analysts wrote.
“We think that the conditions of variation and the oscillation between the reach of reach and the stockings will continue, because the price moves constantly above and below the cost of fresh buyers allowing feelings invoiced around the main versions of macro-data,” they added.
Read more: Be careful below: The overvoltage of the Bitcoin weekend leaves CME GAP
