May 20, 2024

Evening review of the markets 24.07.23.

Evening review of the markets 24.07.23.

Bitcoin was falling today and tested the strong support level of $29k. The cause of the fall is probablyupcoming Fed rate hike. However, the level of short positions is already +30% for the day. BTC=$29,128

Services Business Activity Indexin the US it came out worse than expected, but the markets continued to turn green. This week will be very volatile, with large companies reporting in the US and the Fed deciding what to do with rates on Wednesday.

The capitalization of the crypto market is $ 1.113 trillion, the Bitcoin dominance index is 49.89%.

@awex_news