Why did the encryption market decrease today? Bitcoin decreases to 82 thousand dollars, while traders flee risk assets amid macro fears

The prices of cryptocurrencies have seen a sharp decrease over the past few hours, as Bitcoin (BTC) has now decreased around 3 % over the past 24 hours, while the main altcoins has decreased including XRP, BNB and Sol between 4 % and 5 % during the same period.

The broader cryptocurrency market, represented by Coindesk 20 Index (CD20It lost about 3.3 % of its value during this period. The Harp decrease BTC’s performance decreases by 1.7 % for the week, while CD20 decreases about 5 %.

Over the past 24 hours, more than $ 300 million of long positions have been filtered on central cryptocurrency exchanges, while $ 38.8 million of short pants have been filtered on these platforms. Coinglass data.

This decrease appears to be part of a broader step on a large scale among merchants, as investors expect the effect of the mutual definitions of President Donald Trump, which is scheduled to enter into force on April 2. This step increased after the basic personal consumption expenditures (PCE) came more than expected on Friday.

Only this week, consumer confidence data decreased more than expected, while the future expectation index came in A. The lowest level in 12 yearsAnd much less than the levels associated with the recession.

This convergence of factors saw investors reduce their exposure to the origins of risk and sparked a journey to safety. The latest report by Stablecoin Data explains to Coindesk data that gold -backed cryptocurrencies have benefited from the risk step, as the market value of them It rose more than $ 1.4 billion in March.

In fact, gold -backed cryptocurrencies are facing the landmark of the market. While CD20 has decreased more than 3 % in the past 24 hours, symbols including PAXG and Xut increased by 0.7 % to more than $ 3100. These symbols have increased by more than 18 % on an annual basis, while BTC decreased by 12.5 % and CD20 28 % index so far this year.