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Sales began in the US high-tech sector

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On May 10, he just wrote that the S & P500 index rushing up, as at the end of the day it fell by 1.04%, to 4188.44. For S & P500 futures, the trading session is longer. The futures fell 0.99% to 4183. Asian traders continued to push down on Tuesday, dropping the index 0.69% to 4154. The Nasdaq shed 2.55%.

On expectations of inflation, investors gained record volumes of positions in commodities. Money flows into the real economy and cyclical companies. Nasdaq - The tech index is losing ground. Sales began in the US high-tech sector

Note that when the ES futures began to fall, the sellers in the crypto market were activated. Apparently they were sure that they would be able to activate protective stops along the long lines. Over the past 24 hours, eight crypto-exchanges have triggered $ 1.5 billion in liquidity, and $ 397.5 million in bitcoin.

The BTC / USDt pair dropped to $ 53,400. At the time of this writing, the price has recovered to $ 55650 and remains trading in the range of $ 52,500 - 59,650. The technical picture remains on the side of buyers. Another upward movement to $ 67,500 is still expected before the global correction. The collapse of quotations below 47 thousand will put an end to the bullish trend for a couple of quarters.

Summary: The fall in US indices had a negative impact on the crypto market. The BTC / USDt pair dropped to $ 53,400. Buyers were able to restore the price to $ 55,650. Bitcoin has been hovering around the $ 56,500 level for a long time. The market is ready for a new Bitcoin rally to $ 67,500. If buyers pass it easily, then aim at $ 77,500

Posted Using LeoFinance Beta