On Thursday, the whole encrypted market rebounded, bitcoin repositioned at $62,000, and it went up in parallel with the Taifung, XRP and Solana. Along with the recovery in prices, the amount of clean-up on the Internet over the past 24 hours has risen to $602 million, with empty space taking the bulk.
Bitcoin is back in position.
Bitcoin rose to $62,078 that same day, for the first time in over a week, to $62,000. Earlier this week, bitcoin fell $58,000, touching 21 months low. Based on the most recent offer in the amount of US$ 61,808, as described, bitcoin rose by about 3 per cent in the daytime and by about 4 per cent in the past week.
The increase was close to 5 per cent in the same day, with prices rising to $1,701 and $81 respectively. XRP increased by more than 3 per cent in the day, reporting $1.09. By week, Solana was the most significant increase in the top 10 encrypted assets, with a cumulative increase of over 22 per cent in the past week.
Empty liquidation takes the majority.
The CoinGlass data show that the total value of the encrypted market liquidation over the past 24 hours amounted to $602 million, of which some $400 million, which is significantly higher than many.
In terms of sub-asset, the value of the Taifeng settlement was approximately $187 million, slightly higher than $184 million in bitcoin, making it the highest asset in the current round. This means that during the price rebound, the drop in bets was consolidated and the short-line fluctuations were further amplified.
Macro-data-driven risk recovery
The round rebounded after the latest macrodata release in the United States. The report mentions that Federal Reserve Chairman Kevin Warsh did not make it clear on Wednesday whether the interest rate would increase this year, and that the market’s judgement about the path to the subsequent interest rate is still swaying.
CME Fedwatch data show that interest rate traders currently predict that the probability of maintaining interest rates and increasing interest rates at the September meeting of the Fed is approximately close; by the October meeting, the market expected some form of interest rate increase to be 64 per cent.
At the same time, the United States Bureau of Labor Statistics announced on Thursday that the number of new jobs in June was only 57,000, lower than the market forecast of 115,000 and lower than the 1.29 million that was revised in May. When employment data were weaker than expected, the U.S. equity performance was divided, with a drop in the scale 500 and nin and an increase in the piping.