Bitcoin and cryptocurrencies COLLAPSE during US session. Have the FUNDAMENTALS changed? Analysis by numbers

When there are just over 2 days left until halving, Bitcoin is undermined again by the performance of the stock markets USA, although these still performed better than the crypto market. At the time of writing, Bitcoin is in a fight to stay above the $60,000triggered by a strongly negative sentiment especially during trading hours in the United States.

Negative sentiment which however does not seem to be limited to the crypto market. In fact, after having recovered during the Asian session and having touched the $64,000Bitcoin first loses something during an otherwise good European session, then instead it commits another mini-disaster during US trading hours.

A situation that perhaps is not what many expected during such a special week and which our readers are also discussing animatedly on our Telegram channelin which we invite you to also take part to receive exclusive news and further insights.

The halving week is going downhill: Bitcoin struggles around $60,000

Bitcoin continues to fight to stay above the $60,000, a quota that is both technical and symbolic, with a net negative movement that started in the middle of a US session which, at least for the stock market, had opened on a positive note. The significant drop in US stock markets has contributed to making a sky that hasn’t shone for a few days cloudy, for what is a difficult march towards Saturday, when the long-awaited halving will take place.

We have talked here about the halving, and there’s also a free PDF to download!.

Inventory data also contributed to pushing the stock markets down fuel and the related imports, which at least in principle would signal a slowdown in the industry which would anticipate less than brilliant data – which we do not yet have – on the US economy.

All this within the week that also saw a return to conversation Jerome Powellin rather tones hawkishwith whom he reiterated once again that the priority of Federal Reserve it is and will remain the fight against inflation, whatever the costs and above all by keeping rates at these levels for as long as necessary.

News that arrived within a week that at least in the USA was experienced with a certain concern also in terms of geopolitical risks which, however, seem to have been defused for the moment.

Tomorrow’s most important data will come from the job market and from public appearances Bowman And Williamswhich could, in the midst of the US session, shake the markets again, without it being possible to identify a clear direction for now.

For the rest, the bullish case of Bitcoin, at least starting from a fundamental analysis, appears identical at least to today. For the next few days we will update ourselves on any changes in conditions, for what is a decline which, for now, should not be a source of great concern.