Bitcoin moved within the range of 59600-64117 during the day
At the time of writing the Review, the price of the main cryptocurrency was 62317
Market capitalization 2.21 trillion, Bitcoin dominance index 55.54%, fear index 66
The S&P 500 fell again yesterday; the closing occurred at 5011. This is the minimum since February 22. By the way, I spoke about the probability of the S&P 500 moving towards 5000-4800 back in March.
The dollar index is again above 106, but the decline in 10-year bond yields is a good sign for the markets.
This morning Israel struck Iran. It seems that the blow was purely symbolic, and was intended for a domestic audience (of the “we took revenge” type). It is not clear whether missiles were used or just drones. The result of the strike is also not clear - either they simply didn’t hit anywhere, or the air defense worked, there is no objective control data.
The US was quick to say it was aware but not involved or supportive.
What happens next now depends on Iran’s position. If they hit back, there will be escalation with a possible transition to a big war. In this case, the markets will collapse, and oil and gold will go up.
If Iran limits itself to statements, then there will be no special reaction from the markets, they may even grow.
Now futures for the S&P 500 are falling, the dollar index is above 106, and Asian indices are breaking through the bottom.
Whether the S&P 500 will bounce up from the psychological level of 5000 or go lower depends primarily on news from the Middle East. Since no other important news on the US market is expected today (except perhaps a speech by Fed Speaker Goolsbee at 17-30 Moscow time, but he is unlikely to say anything unexpected).
Bitcoin fulfilled the forecast yesterday and even tested the upper limit of the range above 64K. Then it confidently held around 63400-63500 until news from the Middle East appeared. On the news, there was a spill to 59600 (slightly lower than 17.04, but did not reach the minimum of March 5), after which Bitcoin returned first above 60K, and then above 62K.
Thus, we have worked out both the upper and lower limits of the range from yesterday’s Review.
Bitcoin halving is expected today.
She told me how this event could affect the price.
Also today there will be a speech by Pavel Durov at TOKEN2049. They promised powerful announcements both on TON and on crypto in Telegram in general. Considering that he will be performing in tandem with Paolo Ardoino (founder of Tether), perhaps we will talk about issuing USDT on TON. I also do not rule out that this could be bad news for TRON.
Alts reacted to the Bitcoin strait, but without fanaticism. The airwaves did not reach the minimum on April 13, and others did not have time to merge much.
Daily growth leaders - TON, NEO, TIA
The worst situation is in CORE, MKR, CHZ
To the question - should I buy TON right now?
In the medium term - yes. I think we will see 10 of them before March 2025.
In the short term, anything can happen.
Some funny things:
JPMorgan CEO Jamie Dimon said Bitcoin is a scam and a pyramid scheme.
At the same time, JPMorgan is an authorized participant in the spot BTC-ETF from BlackRock.
Is Daimon stupid?
It’s unlikely, although he made similar statements in 2017, and then changed his shoes in the air, now a relapse has occurred).
Rather, he wants cheap Bitcoin.
But no).
