Crypto Market Analysis | 30 September 2024

Crypto Market Analysis

BTC tested the key psychological support of $65k in the early hours of Monday as Japanese stock market index Nikkie 225 opened close to 2% lower than the previous close on Friday.  This indicates that even as the world seems to be running towards risk-on assets, Japanese are doing otherwise.

The data comes in as the Chinese stock market has risen more than 16% in the last week, with the news of China announcing a stimulus program, creating a post-Covid like scenario where risk-on assets showed a tremendous growth in a short period of time.

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment/financial advice from CoinSwitch. Any action taken upon the information shall be at the user’s risk.

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