In the stock markets, capital is redistributed in favor of the US dollar.
The US currency index rose to a seven-week high. The day before, it reached 104.68 points.
Digital currencies, on the contrary, faced capital flight. If bitcoin at the beginning of this week tried to gain a foothold at the level of $25,000, then last Thursday it sank below $24,000.
On the night of Friday, February 24, the BTC rate fell to $23,963. Ether (ETH) fell to $1,652.
Cardano (ADA), Polygon (MATIC) and Dogecoin (DOGE) fell 0.5% to $0.383, $1.35 and $0.084, respectively.
According to IntoTheBlock, the Bitcoin support zone has formed in the range of $22,659 to $23,325. In this area, 1.41 million addresses previously bought 711,550 BTC.
As we approach $25,000, resistance will increase, and it is unlikely that Bitcoin will be able to break it in the near future.
A BTC rally is unlikely given that the Federal Reserve is likely to refrain from cutting the discount rate in 2023, said analyst Dylan Leclerc.
In this case, the attractiveness of risky assets will remain weak.
