Bitcoin during yesterday's day fell to reaching local lows below 30050. Then the strait was bought out, Bitcoin went up, reached 35400, and during the last 2 hours it fell to 34000 - 33800. At the time of this writing, Bitcoin is trading around 34,000. Market capitalization is 918 billion, dominance index is 68.7%.
American markets were down yesterday, with indices losing from 0.27% (Dow Jones) to 1.35% (Nasdaq). The S&P 500 shed 0.66% to close at 3799.61. Tesla shares are down more than 8%. Interestingly, the stocks of the companies that block Trump supporters suffered the most - Twitter lost 6.92%, Amazon 2.15%, Google 2.31%, Apple lost 2.45%, Facebook lost 4.1%. This is logical - it is obvious that after this situation, many people and companies around the world will reconsider their attitude to social networks and related services. Not because of Trump and his supporters, but because of the realization that their personal data and business development are completely dependent on the unknown who and in whose interests the managed structures.
On the crypto market, the forecast has generally worked out. Spilled lower than I expected, but the bottom at 30500 - 30600 was confirmed, after which it returned above 33K and now the boundaries of a new trading range are being set. So far, I see support at 31600 - 32200 and resistance at 35400 - 35800.
Exit down - retest the bottom at 30600 - 30500, exit up and consolidation above 36K - continued growth. The latter option is more likely. The bottom is still at 30500 - 30600, intermediate support has also formed at 33800 - 34000. TOP alts are moving to growth, Ether has confidently returned above 1000 and is approaching 1100, Light and BCH with XRP are next.
The market was pressed yesterday by the growing dollar index, which reached its highest since the beginning of the year and continues to grow, as well as the FUD from the British regulator FCA, which decided to warn crypto holders about the need to be prepared to lose all their money. In their place, I would be more worried about the holders of fiat, since those who receive a fixed income in fiat (salaries, social benefits, etc.) will pay for the banquet. And the cream will be skimmed by the holders of investment assets. In general, all kinds of regulators are evil and parasites on the body of the world economy, which spend huge resources on making it difficult for people and companies to manage their assets. In crypto, regulators are the main source of risks and financial losses.
I think that by the end of the week the market capitalization will return above 1 trillion. This option is almost inevitable if Biden successfully presents a new support package to legislators on January 14, which again refers to trillions of dollars.
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