Bitcoin was in the range of 65441-67349 during the day, having worked out the priority version of yesterday’s Review.
At the time of writing the Review, the price of the main cryptocurrency was 65776
Market capitalization 2.34 trillion, dominance index 55.43%, fear index 69
Stock markets fell slightly yesterday. The S&P 500 closed at 5,555, down 0.16%, while the Nasdaq lost 0.35%.
Today stock indices may fall more significantly. Since the GOOGL report came out so-so, and Tesla is generally worse than expected.
Nvidia CEO is actively selling company shares; sold almost 400 million in less than 2 months. The tech giants that have driven the indices' growth in recent months are under threat.
And the markets are also being pressured by a Reuters story that Kamala Haris is supposedly ahead of Trump by a couple of percentage points in ratings.
It is clear that this is a lie. This Kamala did not show herself in any way during her work, she was responsible for the topic of borders and migrants and successfully failed this topic. In terms of mental abilities, she is slightly better than Psaki. And most importantly, she was vice president. This means he shares Biden’s anti-rating. How can people who are dissatisfied with Biden and all the trash he has caused in the country vote for his deputy, who participated in all of this?
So, as far as the rating is concerned, this is definitely a hoax. But the markets were already pricing in an easy victory for Trump. And such stuffing from Reuters may indicate that the Democrats want to repeat 2020 and paint the desired result for Kamala. Since the Trump team will be ready for this this time, events may develop very unpredictably.
Now futures for the S&P 500 are falling. Most likely, as markets open, indices will also fall. Data on GDP and the labor market, which will be released at 15-30 Moscow time, can turn the situation around. True, they can also intensify the fall. It depends what happens.
There is good news and bad news on the crypto market.
From the negative.
- Again the movements of mt.Gox. This time they are chasing 37,500 BTS.
Despite the good trading volumes for ETH-ETF, neither Ether nor the market grew yesterday.
- Grayscale can start draining Ether at any moment (following the same pattern as with Bitcoin. But at least Bitcoin is growing.
- The stock market today has a high chance of falling and dragging crypto with it.
From the positive.
- Despite all of the above, Bitcoin remains above 65500-65000. And this is the main positive, demonstrating the strength of the market.
- The Bitcoin 2024 conference in Nashville starts tomorrow. Trump will definitely be there, but there are rumors that Kamala Haris is also going to attend. He is clearly going to fight with Trump for the crypto audience. Which is quite good for the market.
- Factors of market growth and decline for this week are the same.
- Medium-term forecast for Bitcoin for 2024 too.
The priority option for today is Bitcoin in a range with a lower limit at 65500-65000 and an upper limit at 68200-68500
Alternative - fixation below 65000
