Must read my all family for deeply understanding about latest market position
3rd September ko Bitcoin $58,000 se neeche chala gaya, jo ke aakhri saat dino mein chouthi baar tha jab yeh crucial level se niche gaya hai BTC/USDT 4-hour chart par.
Yeh range-bound se bearish price action August ki underwhelming performance ke baad aayi hai, jisme Bitcoin ne 8.6% girawat dekhi, Coinglass data ke mutabiq, jo July ke halkay gains ko mita raha hai. Flagship cryptocurrency ne Wednesday, 4th September ko girawat ko barhaya, Binance par $55,673 tak trade karta hua, U.S. aur Asian equity markets mein steep losses ke contagion ke saath.
“Magnificent 7 stocks ne aaj $550 BILLION ka market cap erase kar diya hai. Nvidia, $NVDA, April 2024 ke baad se apne sabse bade daily drop ke raaste par hai,” market commentary resources Kobeissi Letter ne likha.
Is beech, total crypto market bhi slump ke doran $2 trillion se neeche chala gaya – 4th August ke baad pehli baar.
Broad market rout ko Bank of Japan (BoJ) Governor ke comments se joda gaya hai jo aur zyada interest rate hikes ki taraf ishaara kar rahe hain, jisne global economy ke health ke baare mein fears ko dobara jagaya hai.
Cryptocurrency market ki decline jo bilkul identical hai
Is hafte ki crypto aur stock market ki sell-off August ke shuruat mein global market crash ke saath milti julti hai, jab BoJ ne July ke aakhri mein benchmark borrowing cost ko barhaya tha.
Dilchasp baat yeh hai ke market pullback ke bawajood, Crypto Fear & Greed Index aaj 27 par aa gaya hai jab ke pehle teen dinon mein yeh 26 points par barqarar tha.
Jabke September historically Bitcoin ka sabse kharab mahina hota hai, jisme average downside 4.5% hota hai, market participants ab bhi upar ki movement ki umeed kar rahe hain jo volatility ko inspire kar sake.
Macro volatility: BoJ, Federal Reserve ke interest rate decisions
Is mahine ke shuruat mein, 6th September ko expected nonfarm payrolls data ke saath US economic data ki ek naye lehar ki umeed hai, jo prevailing narrative ko strengthen ya undermine kar sakti hai.
July ka NFP report August ke shuruat mein US unemployment rate ko 4.1% se 4.3% tak barhane ka izhaar kiya, jo global markets par downward pressure daal raha hai.
US ke bahar, Bank of Japan ka policy decision ek aur factor hai jo nazar rakhne ke laayak hai. BoJ ka July ke aakhri mein interest rate barhane ka faisla, aur poor US jobs report for July ke saath, Fed ke rate-cutting efforts ke lagging concerns ko utha raha tha jo risk assets ko nuksan pohchata hai early August mein.
Is liye, 23rd August ko apne US economic outlook ke speech mein, Federal Reserve Chair ne kaha ke policy adjustment ka waqt aa gaya hai.
Expectation hai ke 18th September ko hone wale Federal Open Market Committee (FOMC) meeting mein 25-basis point cut kiya jayega. Agar yeh projection ke mutabiq hota hai, to yeh risky assets jaise crypto ke liye ek potentially favorable monetary environment create kar sakta hai.
Disclaimer:-
Before investing any coin research your own must ,I am not your financial advisor
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