After a very difficult fence of the month of August, cryptographic markets begin to September with a much stronger tone.
The purchase began in force when US merchants returned to their desks after three -day weekend, sending Bitcoin Up to $ 111,700 versus the level of $ 107,500 seen as September began.
At the time of publication, Bitcoin was changing from hands to $ 111,600, 2.5% more in the last 24 hours. Solarium and XRP They were ahead of similar amounts. Notably lag was August Ether Outperformer (Eth)more or less flat during the last day.
Stocks Shake Off Panicky Start
Probably helping cryptography tone was a strong rebound in stock markets. Reacting to the news of negative rates and a continuous increase in long -term global interest rates, the main US indices. UU. The month began with great losses, including the 2% decrease in Nasdaq.
However, buyers are intervening and approximately 90 minutes after the open, the shares have reduced their early losses halfway.
Barril economic data
The new month has already seen an important economic report, the ISM manufacturing index for August. Upon reaching 48.7, the number of economists lost the economist due to hair and showed a continuous contraction in the United States manufacturing sector. The prices paid by sub -survey in 63.7 remained cheerful, but was softer than the prognosis of 65.3 and 64.8 the previous month, which suggests at least some flexions in the price pressures.
This week’s great report will be the employment number in the United States on Friday. Strong data is likely to question the apparent Fed plan to cut interest rates when it meets at the end of this month. However, a one -week impression could put a 50 basic points cut in the table instead of the universally expected 25.
