Why the market today can’t confidently go up?
Today, the crypto market is being held back by several factors at once. The main one is the rise in US bond yields and expectations of a tougher monetary policy from the Fed, which makes investors more cautious about risky assets. Additional pressure is created by high oil prices and geopolitical tensions, which amplify inflation concerns. (Reuters) Bitcoin is also facing resistance around key levels after its strong rally in August. Historically, September is often a difficult month for BTC, so traders may take profits. (Phemex) For a new powerful upward move, the market needs steady demand, positive ETF inflows, and an overall improvement in investor sentiment. As long as uncertainty remains high, sharp swings and temporary pullbacks are still possible.
Today, the crypto market is being held back by several factors at once. The main one is the rise in US bond yields and expectations of a tougher monetary policy from the Fed, which makes investors more cautious about risky assets. Additional pressure is created by high oil prices and geopolitical tensions, which amplify inflation concerns. (Reuters) Bitcoin is also facing resistance around key levels after its strong rally in August. Historically, September is often a difficult month for BTC, so traders may take profits. (Phemex) For a new powerful upward move, the market needs steady demand, positive ETF inflows, and an overall improvement in investor sentiment. As long as uncertainty remains high, sharp swings and temporary pullbacks are still possible.