General background:
Today is a day of uncertainty in financial markets, driven by several key factors. Yesterday's debate between Trump and Harris, as well as the expected release of US inflation data, are creating a tense atmosphere.
Cryptocurrency market:
Bitcoin: Demonstrates sideways dynamics in a narrow range, reacting to external events. Although the market capitalization has not yet reached the $2 trillion mark, the inflow of investments into BTC-ETF and ETH-ETF indicates the continuing interest of institutional investors.
Altcoins: Ahead of Bitcoin's breakout above $60,000, altcoins are showing passive dynamics. However, individual coins may show significant growth on the back of news events.
External factors:
Trump-Harris Debate: Harris's victory with her populist economic platform is viewed negatively by markets.
Inflation data: Inflation is expected to ease, which could support the market, but past experience suggests the reaction can be mixed.
Geopolitical situation: The mention of the Russian president during the debate, as well as news about the hack of a crypto exchange in Indonesia, create an additional background for FUD (fear, uncertainty and doubt).
Stock Market:
US: After yesterday's gains, the S&P 500 and Nasdaq indices are showing declines today, reacting to the results of the debate and awaiting inflation data.
Asian markets: Also showing negative dynamics.
Macroeconomic indicators: The decline in 10-year bond yields and the dollar index indicates expectations of lower inflation, but is not consistent with the decline in stock indices.
Forecast:
Bitcoin: Sideways momentum expected to persist in the $55,000-$58,500 range. A break above the upper boundary of the range could trigger a fresh rally.
Stock Market: Inflation data releases and further political developments will determine short-term trends.
Conclusion:
The current situation in the financial markets is characterized by a high degree of uncertainty. Investors are advised to exercise caution and carefully analyze incoming information.
Key risks:
Unexpected results from inflation data.
Escalation of geopolitical tensions.
Increased regulatory pressure on the cryptocurrency market.
There is also a reason for FUD.
- Another article on the topic of USDT scam.
The topic is not being pushed forward yet, but the possibility remains.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice.