🟢 The cryptocurrency market rose by 5.4%. The rapid change in market sentiment has contributed to increased volatility, with volatility expected to spike in Q3. During the prohibitive level of FUD, Smart Money was actively buying, which positively affected prices: BTC near $65,000, ETH above $3400. Currently, medium-term traders can form a portfolio with excellent returns for the end of this year.
🔴 The stock market went into correction. The S&P 500 fell 1.4% and the Nasdaq fell 3.1%. The reporting season has gotten off to a good start, but there is a risk of profit-taking from investors. Technology companies were under double pressure due to concerns over US export restrictions to China and Donald Trump’s stance on Taiwan. And also “pleased” with the large-scale disruptions in the IT sector. With the US election approaching, volatility will only increase.
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