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With macro scenario and tragedy in Turkey, bitcoin loses level of US$ 23 thousand

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The job creation data in the United States, released on Friday, which came in well above estimates, overlapped with the expected rise of 0.25 percentage points in the country’s interest rate and caused new uncertainties regarding the monetary tightening of the Federal Reserve (Fed, the US central bank).

Accompanying the stock market, the main cryptocurrencies operate in a fall, with bitcoin losing the level of US$ 23 thousand.

At 11:50 am (Brasília time), bitcoin (BTC) was trading at US$ 22,840, down 1.5% in the last 24 hours, according to data from CoinDesk. The low of the period was $22,644 and the high of $23,203. In Brazil, at the same time, bitcoin was quoted at BRL 118,766, a negative variation of 0.9%, according to Cointrader Monitor.

Main and largest altcoin by market cap, ethereum (ETH) was trading at $1,624, down 1.8%. The high of the last 24 hours was $1,657.

In New York, stocks opened lower. The S&P 500 and Nasdaq, the indices to which cryptocurrencies are correlated, are down close to 0.5%.

On Friday, the US Department of Labor announced the creation of 517,000 jobs in January, well above the projection of 187,000. The indicator is one of the main ones evaluated by the Fed to define monetary policy and may lead the authority to increase the size of the interest rate adjustment and the period in which it will be in effect.

“Global markets dawned with a cautious bias in the beginning of the second week of February”, observes Ayron Ferreira, chief analyst at Titanium Asset. “The main drivers of the year so far, the Fed’s monetary policy decision and speech, brought more clarity about the posture in the face of the current stage of the monetary cycle and made the market cheer up in the moments following the event”, he says.

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