Crypto-Markets Education & Consultancy.

15/08/2022

Thoughts on the market on 15. 08. 2022.

Bitcoin moved in the range of $24,000 - $25,040 over the weekend and at the time of writing the review, its trading for $24,670.

Market capitalization $1.190 Trillion, BTC, ETH dominance index of 40.0% and 20.4% , fear index 45. Stock markets opened neutral - S&P 500 futures in a slight negative, Asian indices are growing, the dollar index is above 105.6. This is after hitting our 104.6 target we mentioned on August 2nd. (https://bit.ly/3bWfFQ2

August 17, the minutes will be published, which will be the main news of the week for the markets. Especially if there is something unexpected about the future plans of the Fed. For the European market, inflation data in Germany, which will be released on August 19, will also be important.

Yesterday it became known about the visit of the delegation of the US Congress to Taiwan. It is clear that this is a deliberate further escalation of the conflict by the United States. China is being placed in a situation where the only solution for it is a forceful solution of the issue with Taiwan. What do you think China will do if it learns that an American base will be set up in Taiwan, or that the US is going to make large arms deliveries? The economic meaning of creating centers of instability around the world is to undermine the economies of other countries and increase demand for the dollar.

In the meantime, Congress approved a package of laws for $430 billion. That is for the fight against climate change, lower drug prices and an increase in corporate taxes. The Biden administration referred to the package as the "U.S. Inflation Reduction Act." Fighting inflation by injecting new money is like treating alcoholism with vodka. In the short term, this is good news for the markets. New money is growth.

Today’s outlook for Bitcoin is in the range with the lower limit at $23,600- $23,400, and the upper limit at $25,500- $25,800. Ethereum is teetering around 2K and has been weaker than Bitcoin in the last 24 hours. This is understandable - after rising significantly, a consolidation is needed before the next wave of growth to $2,400- $2,500 or otherwise.

The top manager of Binance for Latin America said that the inflation of the national currencies of the countries of the region and their fall against the dollar encourages more and more people to go into the crypto.

In closing here are some major resistance levels to watch and some commentary:

👉🏾$24/26K market bulls trying to say something.
👉🏾$28/$32 CME gap and works as retracement targets as well.
👉🏾$36/40k first resistance line that ought to be reclaimed weekly = a bull bias sending a clear message looking to overcome.
👉🏾$45K/$47k. a resistance area and reclaiming it = bull market is here
👉🏾$50/55K. Reclaiming this level weekly = Bulls back to revenge
👉🏾$65K. weekly close = new ATH around $75K/83/95K

⚠️ On the contrary major support levels to watch as well:

👉🏾$21/19K trust support breakdown panic hits again.
👉🏾$17,500 /$15,500 Q3 support goes below will open hell gates.

👉🏾$13,000 - 82% for BTC from ATH (previous cycle dip)

👉🏾$9,500 old CME GAP (market )

👉🏾$5,500 (people disbelief)

👉🏾$3,200 (smart money comes) - Saylor's MicroStrategy out

👉🏾$1,500 Hope you will still be here.. As I will be still updating you.

The levels we mentioned above may make some people terrified, no one has the crystal ball, and we may be right or wrong. The point of mentioning these levels is to make you ready, not spread fears, the point is to make you stick with risk management, we do not tell you this is the bottom and you with X100 to easily, and not you as well. Stick with risk management and review your trading /investment plan.

As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own . .

06/08/2022

Thoughts on the market as of 06.08.2022.

Bitcoin during the day was in the range of $23,467 - $22,760 and at the time of writing the review, its trading for $23,202. Total crypto market capitalization is at $1.097 Trillion, BTC, ETH dominance index of 40.4% and 19.0% fear index 31.

American indices are practically in place, Dow Jones rose 0.23%, NASDAQ lost 0.50%, S&P 500 shed 0.16% to close at 4145. The dollar index rose significantly and closed at 106.42, resuming its upward trend.

Yesterday's strong data on the US labor market had a negative effect on the market, as it may lead to more aggressive actions by the Fed in September. Before the release of these data, the probability of raising the rate by 0.75% was estimated at 40.5%, after the release, the probability of such an outcome is already at 62%. Yields on 10-year bonds and the dollar index also rose, in general the markets reacted calmly to the prospects of a 0.75% rate hike. If there are no unexpected shocks in geopolitics, the S&P 500 will drop significantly below 3800. Despite the Fed’s loud statements, it will soon return to the usual policy of generating money, since they have no other choice.

Bloomberg suddenly discovered that most of the G20 countries are not eager to isolate Russia. (https://www.bloomberg.com/news/articles/2022-08-05/the-us-led-drive-to-isolate-russia-and-china-is-falling-short).

On the crypto market, everything is according to plan - for the weekend we left with Bitcoin above $23K, the market capitalization is growing and the dominance index is falling. Bitcoin is now in a large range with a lower boundary at $20, 800 - $21,200 and an upper boundary at $23,800 - $24,200. Inside this large range, there is a small range with an upper boundary at $23,400- $23,600 and a lower boundary at $22,400- $22,600, in which Bitcoin is likely to remain until Monday.

The dominance index is already extremely low. It will not stay at such values for a long time, everything should end either with Bitcoin falling to $20,800- $21,200 and a stronger fall of alts, or Bitcoin fixing above $24,200 with further movement towards $28K. We are more probability to steer sideways with a bias on a fall.

According to Glassnode, 65% of BTC supply has not moved in over a year. More and more people begin to understand the essence of the asset and act wisely. During such periods, the markets need those kinds of people. Crypto assets should be consolidated with the strong and confident. Those who like to sell an asset on a fall, and then wait for it below, should look at the growth that occurs without them and understand how much more work needs to be done on themselves. Regardless, find your sweet spot against your risk exposure.

As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

05/08/2022

Thoughts on the market on 05.08.2022.

Bitcoin during the day was in the range of $23,183- $22,400 and at the time of writing the review, its trading for $22,829. Market capitalization $1.080 Trillion, BTC, ETH dominance index 40.5% and 18.8% , fear index 31.

Stock markets closed in a mix yesterday, The Dow Jones declined 0.26%, the NASDAQ gained 0.41% and the S&P 500 shed 0.08% to close at 4151. Same story today only the Russell has seen a 0.55% raise today. The dollar index fell to 105.7, but has now bounced back to 106.9 as of this writing.

Oil is a promising asset in the medium term, the recent decline occurred against the backdrop of a falling demand due to the recession and the growth of inventories. With a probability to introduce restrictions on oil exports from Russia, then the price of oil may reach figures that are completely unusual for the eye, the price of gas, which, against the backdrop of the story with the Siemens turbine, has reached 2100, and has every chance of growing further. A stand-off over the return of a turbine that Russia says is holding back gas supplies to Europe showed no sign of being resolved on Thursday, with Moscow saying it needed documentation to confirm the equipment was not subject to sanctions. (https://www.reuters.com/business/energy/kremlin-says-gazprom-would-like-nord-stream-turbine-back-needs-documents-2022-08-04/) For the lack of full-fledged sovereignty and inability to protect their economic interests, EU countries have to pay dearly.

We have a possibility of a 4% Fed rate and a 0.75% hike in September. For now, market participants consider a 0.5% increase more likely. The market is still optimistic, but the growth of indices stopped yesterday and profit-taking is likely today before the weekend.

Coinbase has been doing poorly recently and its stock has been bottoming out. But yesterday on the back of the news of the partnership with BlackRock, the shares soared to 116, (nearly 44%), giving those who did not sell them cheap, to take a decent profit.

Considering the dominance index, if it leaves the range up, a rapid movement to $28K is possible, and if we leave for the weekend with Bitcoin above $23K, we will see a good growth of altcoins.

Our biased view as BTC may fail to hit $28K this time and we looking for a breakdown to $17,500 / $15,700 / $13,200 / $11,500 etc. If this happens directly then we think this might be the shortest downside cycle for BTC, as shared from back Jun 22nd 2022(https://t.me/decryptedge/1146)

As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

04/08/2022

Thoughts on the market as of 04.08.2022

Bitcoin was in the range of 23630-22725 during the day and at the time of writing the review, it's worth $23,072. Market capitalization $1.071 Trillion, BTC, ETH dominance index 40% and 18.5%, fear index 30.

Stock markets were up yesterday, the Dow Jones rose 1.29%, the NASDAQ gained 2.59% and the S&P 500 gained 1.56% to close at 4155. The dollar index rose and is now above 106.28

Oil fell below 97 (BRENT) against the backdrop of OPEC +'s statement to increase production in September by 100,000 barrels per day. President Joe Biden said that “there is no recession in the economy,” and Wikipedia even changed the definition of a recession for the United States and blocked further editing of the text, how about the independence of global information resources?

However, there is optimism in the markets. Stock markets are rising, the S&P 500 is approaching 4200, the yield of 10-year US bonds is falling. Market participants believe that the Fed will soon slow down with the tightening of monetary policy. The reason is that the peak of inflation has allegedly already been passed, the economy is shrinking, therefore, if the Fed raises the rate, it will not be so vigorous, and in 2023 it will begin to reduce it. Perhaps, market participants are right that the Fed will start generating dollars soon. The reason may be targeted assistance to combat price increases, the Russian or Chinese threat, the fight against monkeypox or another type of coronavirus. When there is no other way out, the cause will not be.

Everything is going well on the crypto market. A combination of external and internal negative factors (bankruptcies of companies and funds, the collapse of LUNA, mass liquidations and forced sales in the crypto market, taking place against the backdrop of falling stock markets) had a cleansing effect. Panic holders, deer and other weak and cowardly hands are freed from crypto assets, and the markets have become extremely resistant to negativity. Even the news about the sale of a significant part of Bitcoin by TESLA did not cause a market reaction.

At the same time, there is no euphoria and expectations of rapid growth in the market. The fear index has just moved out of the zone of extreme fear into the zone of normal. Some “influencers” are now starting to talk about Bitcoin at 12K or even below 10K and calling for short positions or waiting for Bitcoin at 2020 levels.

Expectations for the market today - https://t.me/decryptedge/1176

This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

03/08/2022

Thoughts on the market on 3.08.2022.

Bitcoin was in the range of $23,460-$22,650 during the day and at the time of writing, Bitcoin is worth $22,900. Market capitalization $1.059 Trillion, BTC, ETH dominance index of 41.2% and 18.9%, Fear index 34.

Stock markets fell yesterday, the Dow Jones fell 1.23%, the S&P 500 lost 0.67% and the NASDAQ lost 0.16%. Gold and silver also fell. The dollar index rose above 106. Markets fell due to geopolitical tensions between the United States and China as we mentioned yesterday. (https://t.me/decryptedge/1174 )Imagine how a “lady” should be pleased because of such an amount of attention, only online more than 3 million users watched her flight, not to mention the preparations on the ground - people, equipment and everyone are worried whether it will fly or not fly. There were no salutes, but maybe it was for the best. After landing, everyone exhaled and the markets began to grow, bitcoin at the moment showed a local maximum at $23,460, but then the Chinese side announced that it would conduct exercises near Taiwan (the island would be in a ring) and then everyone tensed up again and returned to their original position.

Today, most likely, everyone is already tired of such a price movement, but this is a market and the one who knows how to wait has success. Therefore, the expectations remains the same. For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000.

Interesting moves, Michael Saylor stepped down as CEO of MicroStrategy and will now take over as executive chairman of the company. Source (https://cointelegraph.com/news/michael-saylor-will-step-down-as-microstrategy-ceo-but-will-remain-executive-chair). was , scammers gained access to the assets of Solana network users - at the moment, more than 8,000 crypto wallets (Phantom, Trust Wallet and Slope) have been affected, from which SOL, USDC and SPL were withdrawn for about $ 10 million. If there is still an opportunity, then it is better to withdraw to exchange. Source (https://cointelegraph.com/news/ongoing-solana-based-wallet-hack-has-already-seen-millions-drained).

This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

02/08/2022

Thoughts on the market on 2.08.2022

Bitcoin was in the range of $23,500- $22,750 during the day and at the time of writing the review, Bitcoin is worth $22,900.

Market capitalization $1.054 Trillion, BTC, ETH dominance index of 41.6%, 18.3%. Fear index 31. Stock markets fell yesterday. The Dow Jones plunged 0.14%, the S&P 500 shed 0.28% and the NASDAQ shed 0.18%. Gold, silver and oil sank a little. The dollar index also fell slightly to 105.35.

This week, the key event for the market will be the publication of the July report on the US labor market, which will be on Friday. Analysts expect jobs to rise by 250,000 after rising 372,000 in June. Everything sank on the crypto market too, Bitcoin could not hold $23K and rolled back to the level of $22,750, but everything was range given last week. Stocks in China and Hong Kong opened down 3 percent. Ethereum is down 6% in the last 24 hours. U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan in next 24h could raise the risk of war between China and the U.S., causing turmoil in global capital markets.

The outlook remains the same as long as nothing significant has happened in the market. In the event the dollar index bounces back from 104.6 or thereabouts then we shall see further drain in crypto. With continued cool off, then sideways movement.

For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000.

From an interesting, sold $408.9 million worth of XRP in Q2 2022. Contrary of what one reads and at the same time encouraging . New York Attorney General Letitia James today issued an investor alert: New Yorkers who have been affected by the dramatic devaluations of the Terra and Luna virtual currencies and the account freezes on cryptocurrency staking or earning programs, such as Anchor, Celsius, Voyager, and Stablegains, are strongly encouraged to contact OAG’s Investor Protection Bureau. Lastly, SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme – . The alleged Fraudulent blockchain scheme spanned multiple countries including U.S., Russia and . https://www.sec.gov/news/press-release/2022-134

This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

Press Release SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme Alleged Fraudulent Blockchain Scheme Spanned Multiple Countries Including U.S., Russia FOR IMMEDIATE RELEASE 2022-134 Washington D.C., Aug. 1, 2022 — The Securities and Exchange Commission today charged 11 individua...

01/08/2022

Thoughts on the Crypto market on 1.08.2022.

Bitcoin was in the range of $24,670- $23,230 over the weekend and at the time of writing the review, it is worth $23,350.

Market capitalization 1088 billion,
BTC, ETH, dominance index of 41.0% and 18.9%
Fear index 33.

Stock markets opened in a mixed format. Asian indices show growth, the dollar index is falling and is already at 105.645, futures for S & P 500 are in the red by 0.45%, gold, silver, and oil also show a negative.

Markets may be affected by the situation in Serbia and Kosovo, which are now on the verge of a military conflict. Yesterday there were many statements from one side and the other, but now everything seems to have calmed down and all movements have been postponed until September. It all started because the Kosovo authorities wanted to launch a military operation against the Serbs living in the north of the partially recognized state and block the entry of everyone who does not have Kosovo documents, and will also forcibly re-register Serbian car numbers to local ones.

On the crypto market, everything is within the review which was given last Thursday (https://t.me/decryptedge/1169). For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. In this case, the most likely option is an increase to $27,000- $28,000.

If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800-$21,000

As reported by , Binance is said to have lost 90% of customers after implementing KYC, losing billions in revenue. However, the data shows that its trading volume is still huge, even more than other cryptocurrency exchanges combined.

This is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

30/07/2022

Thoughts on the market as of 30.07. 2022

Bitcoin was in the range of $24,440- $23,410 during the day and at the time of writing the review, it's worth $23,800.

Total crypto market capitalization of $1.098 Trillion,
BTC, ETH dominance index of 41.5% and 19.0%
Fear index 42.

Stock markets were up yesterday. The Dow Jones rose 0.97% to hit a monthly high, the S&P 500 rose 1.42% and the NASDAQ rose 1.88%. The dollar index continues to decline and has already fallen by 0.51% to 105.70. Oil, gas, gold, silver and other commodities also showed growth. The growing tension between the US and China may overshadow future prospects. If a conflict starts over Taiwan, then for the markets it will be a repeat of March 2020 or even worse.

Nothing much has changed on the crypto market, the outlook is the same - the resistance area still holds, Bitcoin is still in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000. Chances are we shall maintain the range over the weekend, and any exit above will be a false breakdown.

The trial between Elon Musk and Twitter has been scheduled for 17 October. Elon Musk looks like he deliberately brought the case to court in order to get information on the number of bots through it, and if the figure turns out to be more than the one provided by Twitter, then the parties will change places right there. In any case, Musk's purchase of the social network will be a good incentive for Bitcoin and the entire market.

FTX received Dubai's first virtual asset service provider mvp license, The guys are developing at full speed. The MVP “Minimum Viable Product’ programme is to deploy regulated crypto derivatives products, trading services and NFT market to Qualified Institutional Investors across the region. Miles across, Apple posted an associate creative director of content vacancy for a Web3 specialist, there will be interesting news from the company soon. We shared yesterday that the US White House will have a blockchain adviser role.

As we come to the end of the month, important dates for BTC, but first results for Previous dates :
19th July: After 35 days for the first time BTC passed $23,300.
23th July: Mixed Day fake, price action and price went down by -8% after that!
27th July: Big green candle +8% for BTC, to date price is +15%!

Incoming Dates :
30th July Today!
4th, 15th and 21th August.

As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

29/07/2022

Thoughts on the Crypto Market on 29.07. 2022

Bitcoin was in the range of 24200-22580 during the day, and at the time of this writing, it’s worth $24,100.

Market capitalization $1.1 Trillion,
BTC, ETH dominance index of 41.5% and 19.0%,
Fear index 39.

Stock markets were up yesterday. The Dow Jones rose 1.03%, the S&P 500 rose 1.21% to close at its highest in almost seven weeks, and the NASDAQ rose 1.08%. Gold, silver and oil also showed growth. The dollar index fell 0.25% to 106.06. US GDP for the second quarter decreased by 0.9%, although growth was expected, which means that the country has entered a recession. For some reason, market participants believed that such events could force the Fed to stop its aggressive rate hikes in the future.

The crypto market is also doing well, Bitcoin is growing for the third day in a row. Currently at a high of $24,199.72 (Binance), the last time such a peak was registered was on July 20.

Altcoins are jumping following suit, Ethereum was approaching $1784 and Ethereum Classic was already $44, showing almost a 70% gain in a week. After switching ETH to POS, miners will switch to ETC and many will diversify their risks.

For today's expectations, it remains yesterday's. For further growth, Bitcoin needs to overcome the resistance area at $23,800- $24,200 and gain a foothold above. In this case, the most likely aggressive option is an increase to $27,000- $28,000.

If we do not take these resistances, we remain in the range with the upper limit at $24,000- $24,200 and the lower limit at $20,800- $21,000, with spikes to $19K.

Nirvana, an algorithm stablecoin protocol based on Solana, is suspected to have suffered a flash loan, with a funding gap of $12 million. The price of its stablecoin NIRV once fell from $1 to $0.09; ANA token price once fell from $8.9 to $1.5, a drop of as much as 85%.

Lastly, a U.S. bill to boost computer chip manufacturing that’s heading to Joe Biden’s desk will also establish a crypto advisory role inside his administration. https://www.coindesk.com/policy/2022/07/28/us-tech-bill-creates-white-house-blockchain-adviser-role/

As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

Bipartisan legislation approved by Congress to help out computer-chip manufacturing will also establish a new digital assets expert to advise the president.

28/07/2022

Thoughts on the market on 28.07.2022

Bitcoin was in the range of $23,460- $21,040 during the day and at the time of writing the review, Bitcoin is worth $22,966.

Market capitalization $1.052 Trillion,
BTC, ETH dominance index of 41.8% and 18.8%.
Fear index 32.

Stock markets were up yesterday. The Dow Jones rose 1.37% to hit a monthly high, the S&P 500 gained 2.62% and the NASDAQ gained 4.06%. Gold, silver, oil and gas are also showing growth. The dollar index fell 0.68% to 106.31. The markets are positive and I must say thanks to the US Federal Reserve for raising the rate by only 0.75%, now its range is 2.25-2.5% per annum. Jerome Powell did not frighten anyone with his speech and did not say anything new.

The key points Powell said at the press conference: inflation is too high, the Fed will continue to reduce the balance sheet, another serious (big) rate hike is possible at the next meeting, if inflation continues to rise, they can raise the rate by 100 bp. In 2023, they may also continue to raise the rate.

We are waiting for more reports on US GDP today, which will show a recession in the US or not, although Powell assured in his speech that there is no recession in the country and he does not believe in its onset.

The crypto market is growing after the stock market, Bitcoin at the moment rose to $23,460 and is now trying to gain a foothold at 23K. Altcoins pulled after Bitcoin, even slightly ahead of it, Ethereum not only returned to its recent high, but also exceeded it, approaching almost $1,700 per coin. For Bitcoin’s further growth, it needs to overcome the resistance area at $23,800-$24,200 and gain a foothold above. In this case, the most likely option is an increase to $27,000- $28,000.

If price does not take out the resistances, it's likely to remain in the range with the upper limit at $24,000-$24,200 and if rejected the lower limit at $20,800-$21,000 all the way to $20/19K.

Interestingly Cathy Wood Ark Invest Fund sold (https://www.coindesk.com/markets/2022/07/27/cathie-woods-ark-invest-offloads-over-14m-coinbase-shares-as-coin-price-falls /) 1.4 million Coinbase shares. Apparently, Katie realized that she smelled fear and decided to throw off shares and go into bitcoin. All the same, Coinbase went slightly negative. This SEC investigation at the end will not lead to good. Perhaps Cathy knows something and she is out of the woods, even so happy with Bitcoin.

The Biden administration is considering declaring a public health emergency over monkeypox. We talked about this topic a while back and it would be blown up. Biden, who is already controlled remotely, is going to run in the elections in 2024. WHO is thinking about how to rename monkeypox. This comes from a New York Health Commissioner Ashwin Vasan who approached the World Health Organization (WHO) with a proposal to rename monkeypox. The idea to change the name was born out of tolerant considerations, so as not to injure representatives of the LGBT community and black people. That's all you need to know about where the world is heading.

Lastly, the IMF is intimidating the Crypto markets warning of a possible strong drop and stablecoin problems. Sighting that crypto markets could see further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, told Yahoo Finance in an interview. “There could be further failures of some of the coin offerings — in particular, some of the algorithmic stablecoins that have been hit most hard, and there are others that could fail.” If a recession ensues, crypto would drop even further, says Adrian.

Still on IMF matters closer home(Kenya), the international body has recommended special safeguards for M-Pesa and banks from unfair competition by the planned digital shilling by the Central Bank of Kenya (CBK). The proposed Central Bank Digital Currency (CBDC), which is currently under public discussion, is seen as a competitor to mobile money down the road, especially in its ability to lower transaction costs. As reported by The Nation newspaper, CBDC’s may also pose some relative threat to banks because it will enable customers to bypass lenders, with the CBK taking on a new role of keeping track of holdings, transactions, and settlements. Interesting times ahead!

As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.

26/07/2022

Thoughts on the Crypto market on 26.07.2022

Bitcoin was in the range of $22,660- $20,850 during the day and at the time of this writing is trading for $21,096

Market capitalization $971 billion,
BTC, ETH Dominance index of 41.7% and 17.9%
Fear index 26.

The stock market ended trading in different directions. The Dow Jones rose 0.28%, the S&P 500 gained 0.13% and the NASDAQ lost 0.43%. Oil, gas, gold and silver showed growth. The USD index fell 0.29% to 106.31.

The market is waiting for the next meeting of the Fed and the publication of statements of the largest companies in the technology sector ( , , , , ). The Fed meeting will take place today and continue tomorrow, and market participants expect the Central Bank to raise the base interest rate by 75 basis points to 2.25-2.5%, but the option of raising it immediately by 100 bp is not ruled out.

In a word, there will be many events, and they will set the direction of the market for the next couple of weeks. On the crypto market, everything is according to the plan outlined yesterday. Bitcoin fell below $21K to a low price of $20,856. The capitalization of the entire market again fell below a trillion, everyone is waiting for news from the Fed and data on the report, as mentioned above.

The situation with Coinbase could also have influenced, yesterday it was reported that the SEC launched an investigation into the exchange due to trading in unregistered securities. And the most interesting thing is that this FUD comes from Bloomberg, on which CZ (the owner of Binance) filed a libel suit and requires apologies, monetary compensation and the removal of fake articles about the exchange and BNB. The defamation lawsuit filed by CZ highlights Bloomberg Businessweek’s 250th issue about CZ. The cover of the issue was misleading and was titled “Changpeng Zhao’s Ponzi Scheme.” The lawsuit also cites the 250th issue along with social media posts on Facebook and Twitter.

For today. Bitcoin is in the range of $20,000 - $22,000. Our bias take is bearish to a $20,096 and $19,070 price tag for tomorrow.. Those ahead of the curve and wanted to sell before the news and meetings have already done so. With little trading volume present, price spikes will be erratic.
As always, this is not investment advice, and ought not to be considered as a financial recommendation. Must always do your own research.