🔴 This week, the cryptocurrency market has suffered dramatically and went downward. For example, over the past 24 hours, the price of BTC has fallen to $25,000. Analysts see two reasons for this at once:
- A change in market sentiment amid the Fed’s key rate cut.
- Sales of part or all of the bitcoins by Elon Musk’s SpaceX company for $373 million.
On such downgrades, calls to “buy the dip” have grown to a 4-month high amid BTC’s plunge. And if buyers activate, the market will slowly recover very shortly.
🟡 The stock market is also down and there is some calm. The reporting season is ending, so no big volatility is expected, just on the news. For example, Tesla announces a reduction in the cost of some car models — and immediately its shares fall. Then the news comes out that it has not corrected the autopilot, because of which people died — and the shares fall again.
🟢 But soon September is the time of meetings and important decisions of governments, which means that the markets will start to move and volatility.
Download the App
