Bitcoin was in the range of 66559-68256 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 66760
Market capitalization 2.37 trillion, dominance index 55.66%, fear index 71
Stock markets were rising yesterday. The S&P 500 closed at 5,564 with a gain of more than 1%. The probability of a Fed rate cut in September is already more than 90%. Trump's likely election victory is also positive for the market. But we still have to live to see it (especially Trump).
Since yesterday evening, news has been spreading that Biden not only no longer wants to be president, but has actually died. The reasons are that no one has seen him for a long time, and all statements about leaving the election campaign and supporting Harris were made on social networks. In addition, it was announced that he transferred powers to Yelen and Blinken. Moreover, the flag on the Capitol was lowered. From which they concluded that Biden is done. That's all.
In fact, Sheila Jackson, a member of the US Congress, died. Although Biden was not shown to the people like that.
Bitcoin is holding above the support area of 66200-65500, but has been showing weakness over the past few hours.
Altos look even worse. The market is expecting today's ETH-ETF launch to be a disappointment and cause Ethereum to fall. In addition, movements on Mt.Gox began again, and Grayscale transferred 292 thousand ETH worth ~$1B to Coinbase Prime
Looks like someone really needs the market to fall. Objective reality is in favor of uncontested growth, but artificial (non-market) factors clearly provoke a short-term decline. And this is before the Bitcoin 2024 conference, where there will clearly be something worthy of attention, judging by the composition of the participants.
How can the launch of ETH-ETF go - I spoke yesterday. And this applies not only to Ethereum, but to the entire market. Even I start to want to open a short for something). That's why I won't do it. Because this desire is irrational).
The market growth and decline factors for this week are in force.
We'll see soon what the reaction will be to the combination of the ETH-ETF start and the drains from Grayscale in combination with the movements of Mt.Gox.
And at 23-00 Moscow time Alphabet reports will be released, and at 23-10 Tesla
The markets will already be closed, and the crypt may react if something significant happens. According to the Tesla report, the amount of Bitcoin on the company’s balance sheet is also interesting.
The priority option for today is Bitcoin in a range with a lower limit at 66200-65500 and an upper limit at 68500-68700
Alternative - fixation below 65500
