In the seven days leading up to September 25, its price rose by 8.2%, from $59,886 to $64,816. However, the resistance level at $64,500 proved more challenging than expected and was last tested on August 25. Weak macroeconomic data reduced investors’ risk appetite, which also contributed to the Bitcoin price decline on September 25.
The median new home sales price in the U.S. fell 4.6% annually in August after the fastest increase since early 2022, according to Yahoo Finance. Home prices have fallen for seven straight months, the longest period of decline since 2009. Also of note is the fact that 467,000 completed homes are now available for sale. Another source of concern for global investors is China’s interest rate cuts and the opening of a $142 billion credit line to individuals and businesses. Nomura analysts said these measures were “not enough to stop the worsening economic slowdown,” and called for fiscal measures.
Warren Buffett-led Berkshire Hathaway has further reduced its holdings in Bank of America, totaling $8.9 billion in three months. This has raised concerns in financial markets as the S&P 500 hit an all-time high on September 25. Bitcoin investors are wary that a possible stock market correction could negatively impact the cryptocurrency’s performance.
In addition to concerns about a global economic downturn, Bitcoin investors are also closely watching the US presidential election in November. Alex Svanevik, CEO of blockchain analytics platform Nansen, said Democrats have created a “relatively hostile environment for crypto.” Svanevik predicts that Kamala Harris will continue the current administration’s crypto policies.
Bitcoin bulls are supporting Donald Trump as they hope for a Republican victory in the upcoming election. Trump defended Bitcoin miners during his campaign and spoke at the Bitcoin 2024 conference in Tennessee. He also appeared at a bar and restaurant in New York that traded in Bitcoin, where Bitcoin was used to buy a hamburger.
As the BTC price approaches its highest levels since August, investors are taking a cautious approach. The weakening risk appetite is also reflected in the behavior of leveraged traders. According to the futures premium, the main indicator of Bitcoin derivatives, there has been a lack of enthusiasm for price growth in recent weeks. Since September 2, the Bitcoin futures premium has been neutral, indicating a lack of confidence among bulls. For example, on July 30, the BTC futures premium had risen to 11% after a 25% price increase in three weeks. Current data shows that sentiment in the derivatives market has remained stable despite Bitcoin’s 20% gain between September 6 and September 24.
Bitcoin’s underperformance on September 25 can be attributed to weak macroeconomic data, fears of a stock market correction, and the uncertain impact of the US presidential election on the cryptocurrency world.
FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.
Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who can benefit?
Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.
I EXPLAIN IN DETAILED.
My brothers and sisters who have become Binance members without a reference, please listen carefully;
When you do what I say in order, you will receive 10 USDT.
Go to the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.
The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.
It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.
WHEN WILL THE REWARD COME?
Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.
You can share this post with your friends in need so that they can also benefit from it.
IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.
