BTC is currently below $63,000, ETH is below $3,000. To be fair, everything is falling now - from the S&P 500, DAX and Nikkei 225 to gold and silver, oil and gas. We looked at the charts - there is already noticeable oversold for the majority.
![](https://public.bnbstatic.com/image/pgc/202408/3be3f5d3d5583bdc8ad4864b7b3afb03.png)
![](https://public.bnbstatic.com/image/pgc/202408/94749695f678ea1163625abc3f1e9f1e.png)
![](https://public.bnbstatic.com/image/pgc/202408/5fd47e31e34904d6d88eca450d655168.png)
![](https://public.bnbstatic.com/image/pgc/202408/760007d5bb745ee1c34619a6e84cc92d.png)
![](https://public.bnbstatic.com/image/pgc/202408/1f128aded83d3e089a1e460c9ed13afd.png)
![](https://public.bnbstatic.com/image/pgc/202408/a6fd9507e207bfaf9a2e5d41f77acd04.png)
Gold and silver held on the longest on this list and fell in the final hours.
So it's not just about BTC and ETH Genesis Trading movements.
What's funny is that the US Dollar Index DXY is also falling.
![](https://public.bnbstatic.com/image/pgc/202408/f9b6a08ceadbb7d8d64818f79d972d66.png)
There is an opinion that this drop is caused by too bad data from the US labor market, which, without signals from the Fed on 100% readiness to lower the interest rate, raises another topic - the risk of a recession in the US. The fall of DXY against the backdrop of a fall in risky assets confirms this.
But why, against the backdrop of this fear (as well as any other, for example, a war in the Middle East), gold and silver fall as a store of value in “stormy times” is an open question for us.
The#BTCrate is preparing to update yesterday's price,#ETHhas already updated. But the difference between them is that in this correction, BTC may not yet have placed a wave A break. And#ETHis looking for a wave C break. A reversal from#ETHcan be expected earlier.
![](https://public.bnbstatic.com/image/pgc/202408/3197c3aeda234c6fc9760147650242db.png)
![](https://public.bnbstatic.com/image/pgc/202408/000399ad2b6b91bf181e0d99ecc02291.png)