Bitcoin: New Low? Understand the Scenario
On Sunday night, January 26, 2024, Bitcoin recorded a significant drop. This movement can be attributed to macroeconomic factors and the behavior of investors in the global market. Let's understand the reasons:
1. Opening of the American Stock Exchange
The drop coincided with the beginning of the movements in the US stock exchange, when large companies begin to disclose their quarterly results. These reports can influence global markets, including the cryptocurrency market.
Why?
Investors often adjust their allocations between different assets, migrating from Bitcoin and other cryptos to stocks when they believe that the traditional market offers more stability or potential for gains.
2. Impact of Marketing and Strategies of Large Companies
Large companies can use financial reports as marketing strategies to attract capital to their shares, generating volatility in risky assets such as Bitcoin.
3. Political and Economic Scenario in the US
On Wednesday, President Donald Trump is expected to announce the interest rate for the first year of his new term. More than 50% of investors believe there will be no changes, but any surprise could trigger volatility in global markets, including the cryptocurrency market.
4. Investor Behavior
When Bitcoin faces significant declines, it is common for investors to migrate to safer assets, such as stocks and bonds. This reaction could intensify the fall in the short term.
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Will Bitcoin Fall Even Further?
There is a risk of further falls, especially if:
The results of American companies exceed expectations, attracting even more capital to the stock market.
The interest rate announcement diverges from market expectations, generating uncertainty.
Investors maintain a conservative stance in the face of possible economic instability.
