Another working week is coming to an end. Unemployment in the US was 4.2% (expected 4.2% / previously 4.3%). This data managed to improve sentiment slightly, but not the overall trend of the week.
🔴 The cryptocurrency market fell by 5,39%. The decline slowed down compared to last week. BTC is hovering around $ 55,000, which is a serious support level. There has been a sharp rise in bullish positions in BTC options and a particularly strong increase in the number of large bullish option trades. Traders are actively betting on an increase in the rate next month, which is historically the strongest.
Altcoins kept up with BTC, with their capitalization falling by 3,07%. Given the news calm, a sideways movement is expected by September 20. Most altcoins are now in the “underbought” zone.
🔴 The US stock market fell sharply. The S&P 500 fell by 4,01% as resistance near the ATH was too strong. The index closed its worst week since March 2023. The Nasdaq lost 5,71%. September began with a sell-off in stocks. Semiconductors, led by NVDA, were among the top losers. The latter
On September 3, the latter lost $279 billion in capitalization — the largest loss of capitalization in the history of the US stock market in one day😱 Insiders accelerated stock sales, and global executives raised their assessment of the risk of a US recession to 39%
