Price Analysis 9/16: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT
Equity markets are seeing aggressive selling on increasingly bearish macro factors, adding selling pressure to stock prices. Bitcoin and altcoin.
Price analysis
The World Bank has warned of a possible global recession in 2023. In a Sept. 15 press release, the bank said the current pace of rate hikes and policy decisions is unlikely to be enough to bring the economy down. inflation at its previous level. pandemic levels.
Ray Dalio, the billionaire founder of Bridgewater Associates, said in a blog post on September 13 that if rates increased to around 4.5% in the United States, it would "produce a negative impact of around 20% on stock prices. ”
The negative outlook for stock markets does not bode well for cryptocurrency markets, as the two have been highly correlated in 2022.
Daily performance of the cryptocurrency market. Source: Coin360Macroeconomic developments appear to have cryptocurrency investors worried as they sent 236,000 bitcoins (BTC) to major cryptocurrency exchanges on the 14th September, according to data from Glassnode. The influx was the highest since March 2020.
Let's study the charts of the S&P 500 Index, US Dollar Index (DXY), and major cryptocurrencies to determine key levels that could signal the start of a trend move.
S&P500The S&P 500 (SPX) index attempted to bounce off the uptrend...
Equity markets are seeing aggressive selling on increasingly bearish macro factors, adding selling pressure to stock prices. Bitcoin and altcoin.
Price analysis
The World Bank has warned of a possible global recession in 2023. In a Sept. 15 press release, the bank said the current pace of rate hikes and policy decisions is unlikely to be enough to bring the economy down. inflation at its previous level. pandemic levels.
Ray Dalio, the billionaire founder of Bridgewater Associates, said in a blog post on September 13 that if rates increased to around 4.5% in the United States, it would "produce a negative impact of around 20% on stock prices. ”
The negative outlook for stock markets does not bode well for cryptocurrency markets, as the two have been highly correlated in 2022.
Daily performance of the cryptocurrency market. Source: Coin360Macroeconomic developments appear to have cryptocurrency investors worried as they sent 236,000 bitcoins (BTC) to major cryptocurrency exchanges on the 14th September, according to data from Glassnode. The influx was the highest since March 2020.
Let's study the charts of the S&P 500 Index, US Dollar Index (DXY), and major cryptocurrencies to determine key levels that could signal the start of a trend move.
S&P500The S&P 500 (SPX) index attempted to bounce off the uptrend...
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