Bitcoin $0.000055 Although he started September by seeing the bottom of $ 107.256, he turned his direction up again. While the Altcoins have not yet seen the desired peaks, the stable decrease scenarios for BTC still do not find much buyers. So what’s the latest situation in ETF flow? What does the current situation in crypto currencies say to us?
Bitcoin (BTC)
Although the support point of $ 108,500 is violated BTC This key continues to protect the area. After a short -term violation, the recovery has not yet extended to support in $ 112,500. The stable rise scenario in the BTC graph may continue with the recovery of the thresholds of 112,500 and $ 118,000.
20 days have passed since the AC test of over 124 thousand dollars, and during this time BTC is doing lower hills. This is not a good image. The bulls must return to 112,500-113,500 dollars and end this sales wave.
The appearance for BTC on ETF channel began to improve. Yesterday we saw a net introduction of 332 million dollars. This is positive after Friday’s $ 126.7 million output. The evaluation of low prices by corporate investors indicates that the risk appetite continues.
Crypto Money Markets
In stock markets AlphabetWe saw some recovery with the earnings reports of earnings. Gold broke the new record of all time. Nasdaq 100 -term transactions increased by 0.7% because Google shares rose by 6 percent in pre -market transactions. Nvidia ends the decline at the end of the wavy course that has been going on for months.
Rise in the price of gold, the Fed will be increased by the interest rate cut decision. A positive development for these crypto currencies, but we have not yet seen the full results. FedThe probability of making a 25BP discount in September in September is more than 90 %at the Fedwatch.
Ethereum $0.000076 Things are not going great for. This is the main reason for the ongoing weakness in the subcoins. Although BTC recovered after the sales on Friday, ETH ETFs saw a clearer exit of $ 135 million yesterday. These outlets are not so awful because we saw hundreds of millions of dollars in the days we left behind, but the fact that ETH’nni has given up for now and that the BTC could not make the desired return yet indicates that September may not be nice for crypto currencies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.