Daily review
- Capitalization of the crypto market: $0.944 trillion (-$1 billion);
- Dominance: BTC - 39.5%, ETH - 17.3%;
- Index of fear and greed: 21 (extreme fear) against 22 the day before.
Bitcoin Thursday, September 30, 0.95% to $19,592. Yesterday there was a correlation with the stock market. Trades were held in the range of Wednesday. In the first half of the day, the BTC/USDt pair fell synchronously behind S&P500 futures. In the American session, American indices continued to fall, while bitcoin recovered amid a weakening dollar in the global Forex market.
The US market continues to thrive on fears of high inflation, rising interest rates and a bleak economic outlook. As a result of the day, the S & P500 index fell by 2.14%, Nasdaq - by 2.84%.
Today in the US there will be a block of statistics on income and expenses, inflation expectations and consumer confidence. If the figures come out a little better than expected, the stock market may slightly cheer up. Statistics will be released at 15:30 GMT+3.
Bitcoin is hovering around $19,500. The trend line from the top of $69,000 passes through $19,885. Since the consolidation lasts 8 days, its false breakdowns are possible. Buyers need to break to $22,800. Without actively trying to move up, they risk falling into a bear trap. It remains to hold out until Monday. From September 30, the growth phase for Bitcoin and the S&P500 begins in cycles. The first half of October should be positive for all risky assets.
Posted Using LeoFinance Beta