As mentioned here, it moved between 112K and 115K, and is now trading around 115400.
Market capitalization is 3.67 trillion, the dominance index is 62.97%.
The dollar index is above 98.8, futures on stock indices are up.
There is uncertainty in the stock market - on one hand, the labor market data that was released on Friday made a rate cut in September almost inevitable.
On the other hand, the data is quite murky, which has already led to the dismissal of the head of the Bureau of Labor Statistics.
Plus the tariffs that are being implemented this week. Of course, Trump will likely back down again. But if it doesn't happen as quickly as the market expects - it could be a reason for fund declines.
Especially considering that the stock market is at its highs.
No one has canceled the possibility of surprises in geopolitics. However, they can be both good and bad.
What conclusions can be drawn?
1. Once again we see how clearly capitalization levels work.
The market struggled for a long time to reach the 3.5-3.6 trillion level. Then it reached it, and this level became support; the decline has now stopped at this level.
The resistance level based on market capitalization is 4 trillion. It couldn't be taken on the first try, we are waiting for the next attempts. The market capitalization level of 3.6-3.5 trillion, which we previously struggled to overcome, now shows where the market bottom is.
2. There are objective reasons for which Bitcoin, Ethereum, and top assets have an upward direction for the next year to year and a half.
The main reason for this is the generation of money. Which is already happening and will continue, there is no alternative to this.
But the other reasons still apply.
There are current factors that may cause short-term corrections. These include Trump's latest antics, movements and sales of large volumes of crypto, and geopolitical tensions.
This was also the case last year - the German government was selling Bitcoin, then mt.GOX made payouts, then stock markets fell and dragged down crypto, just like it was at the beginning of August last year.
BUT all these events have passed, and now those who did something foolish during that time remember them. For example, selling assets at a loss, or moving into stablecoins, or even leaving the market altogether.
And Bitcoin has more than doubled since then.
The same is true now. Objective reasons indicate that plans for the year will be fulfilled.
And the investment goals for Ethereum and other top assets will be reached.
REGARDLESS of what Trump says now and where the stock market will crash.
3. Altcoins did not show strong declines, the dominance index is approximately where it was. Ethereum is holding above 3500, Solana above 160, and overall, the top assets are doing fine.
With Bitcoin returning above 115K, we could see a good growth in the top assets.
I expect Bitcoin today to be in the range with a lower limit of 112000-111500 and an upper limit of 115000-116000.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
