US stock markets started the day with sellers. US futures, which remained in the negative territory by more than 2% during the day, were signaling this decline.
US Stock Exchanges
When we look at the latest situation in the US stock markets, which opened as of 17.30, we see that Dow Jones started the day with 0.5%, Nasdaq 2.5% and S&P 500 started the day with 1.5% loss.
Gold and Commodities
While there is a 0.5% pullback below the $1800 support, we observe that the sales have increased in silver and other commodities.
US 10 Years Positive
While red is dominant everywhere, US 10-years continue to trade at 1.83 with a 3% premium on a daily basis. It is stated that the selling pressure in other products is due to the sharp movement in US bond yields.
Bitcoin and Altcoins
When we look at the Bitcoin side, we observe that the correlation in the global markets continues.
Bitcoin, which fell below $ 37,000 again during the day, continues to be traded at $ 36,700.
When we look at altcoins, we see that the selling pressure continues.
We see that there are only 2 altcoins that are among the top 100 cryptocurrencies and have shown a serious rise in the last 24 hours. These were Immutable X and Quant, which announced new collaborations today.
The continuation of the pullback in the US stock markets will increase the pressure on the Bitcoin side.
At this point, it will be followed whether there are bottom buyers after the opening. If the US stock markets make up for the daily losses, we can see an attack on the Bitcoin side again above $ 37,000.
*Not Investment Advice.