Global economic uncertainty and high central bank interest rates are causing crypto investors to become less active. The rates of major cryptocurrencies have been under “bearish” sentiment for a long time. Among other things, statistical data from the United States added negativity for the market of digital currencies, writes Coindesk.

It is noted that the ISM index of business activity in the services sector in the States at the end of August exceeded analysts’ expectations of 52.5 points, reaching 54.5 points. “This news was further confirmation that the U.S. economy continues to stabilize, which obviates the need for the Federal Reserve to consider easing monetary policy”, – follows from the message Coindesk.

On September 6, bitcoin’s chart showed a sharp pullback and a quick recovery of 2% to almost $27,000. The reason for this rebound was the approval of the US Financial Accounting Standards Board (FASB) to record crypto assets on companies’ balance sheets. However, the rally quickly fizzled out and the exchange rate returned to a “sideways” movement to the $25,700 level. By 12:30 Moscow time, bitcoin is holding at $25,734 (+0.07%).

Ether completely followed the bitcoin chart and “landed” to the level of $1,630. At the moment, the rate of Ether is up to the level of $1 632.35 (+0.14%), follows from the data of Coindesk.

Analysts of the portal BeInCrypto note that the price of Litecoin may be in danger of a “bearish” reversal towards below $50. “The recent price rally triggered by a favorable court ruling in the Grayscale case has not helped Litecoin stay afloat,” BeInCrypto reports, adding that cryptocurrency sales by miners are putting additional pressure on Litecoin’s price. By 12:30 Moscow time, Litecoin was trading at $63.11.

By Linda

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