Bitcoin moved within the range of 68128-69526 during the day
Now the price of the main cryptocurrency is 68944.
Market capitalization 2.52 trillion, dominance index 53.93%, fear index 74.
At night there was a short-term drop below 68500, but the strait was quickly redeemed, and the price of the main cryptocurrency returned to its original level - where it had been all weekend, to the area 68800-69200.
Stock markets are looking good - the yield on 10-year bonds is falling, the dollar index is around 104.6, Asian indices are rising, S&P 500 futures are practically standing still.
There will be no trading on American markets today. Among the important data that will be released this week, I will note the Beige Book (05/29/2024), data on GDP and labor market 05/30/2024, and especially PCE Price index 05/31/2024
After the reports, the markets look strong, with indices hitting new highs several times. First of all, because money generation has begun again, the volume of liquidity in the system is growing. Starting in June, the process will become even more fun - the Fed begins buying bonds, which was announced in early May.
Bitcoin hit the resistance area at 69300-69500. Support at 68500-68300. I think moving in this range will be the priority option for today.
An alternative option is to consolidate above 69500.
Ethereum has already tried to go above 3940-3950 twice. So far without success, but everything is ahead.
The dominance index continues to decline, moving towards the altseason.
will definitely bring the alt season closer.
Now the leaders in daily growth are Jasmy, ENS, PEPE
LDO growth continues. Even the ARB comes to life.
