Market Overview
BTC: $56,745
ETH: $2,342
Fear/Greed Index: 37 (fear)
BTC.D (Bitcoin Dominance): 57.24%
As we anticipated, Bitcoin didn’t manage to rise significantly, and now the next target for us is $52-53k. After that, we will likely see a small bounce, followed by unfavorable news regarding Federal Reserve interest rates, which could lead to a drop below $50k.
This scenario seems most likely to me, but as with any trader, I could be wrong.
Yesterday's debates were somewhat of a disappointment for crypto enthusiasts, as the candidates completely ignored the topic. Some are linking the current market drop to the fact that, according to a CNN poll, Kamala won the debate. I think that even that Trump and Harris didn’t discuss crypto might have affected the market.
