Demand for BTC has decreased as a result of the market's risk-on sentiment, which increased at the beginning of the month. The global market experienced a wave of declines on August 5, with the onset of an economic recession in the United States. On that day, the largest cryptocurrency on the market reached a value of US$51,137, marking a decline of more than 15%. In addition, Ethereum also fell by 22%. Despite this, Tasso Lago, founder of Financial Move, believes that the fluctuation in Bitcoin can be interpreted as a “bullish flag”, an accumulation pattern that precedes a new wave of appreciation. “This transfer is crucial for the cryptocurrency market, especially for Bitcoin, as it helps to form a solid price base, establishing support levels that allow the asset to sustain itself at higher levels, such as US$100,000, with greater security”, he explains. With the US interest rate cut on the market's radar, Lago highlights that the event should significantly move the variable income market. However, he states that the rise will not occur immediately after the cut, as macroeconomic factors have impacts over time.#ETH #BTC #bnb #TopCoinsSeptember2024 #Binance

In my opinion, this is the right time to invest in these assets.

👉$BTC

👉$ETH

👉$BNB