Despite the volatility of the last days, September is projected as one of the strongest months for Bitcoin, with an approximate increase of 4% in the month that ends.
Cryptocurrencies record widespread increases on Tuesday. Bitcoin (BTC) advances 0.6% and seeks to close September above US $ 114,000while Ethereum (Eth) climb 1.2% and approximate U $ S4.200. The rebound occurs after a cupcaked week that liquemed much of the accumulated profits During September.
Despite volatility, September is projected as one of the strongest months for Bitcoin, with an approximate increase of 4% in the month that ends.
“We are observing a month that breaks with the historical narrative of weakness in September. The support in the U zone$ S111,000 It will be the key to evaluating a new attempt towards higher levels, ”said Pablo Monti, Brand Manager for Latin America and Europe of Bingx.
For his part, Monti warned that “Ethereum faces a crucial technical test. If the area of U $ 4,000 It fails to consolidate, the bassist risks are significantly amplified. ”
Among the Altcoinsthe profits are moderate. Crypto Assets as BNB and Tron They write down AUCTIONS BETWEEN 0.5% AND 1.2%. The most notorious casualties are concentrated in Dogecoin (-0.7%), Cardano (-0.8%), XRP (-0.4%) and BNB (-0.4%).
Stablcoins mark a milestone and defi reaches new maximums
Beyond volatility in BTC and EthStablecoins continue to consolidate their central role in the crypto economy. Stablecoins’s total supply exceeded U $ 300,000 million. This is “a historical record that reflects both the global adoption of these assets and their growing role of bridge between economies ON-CHAIN and Off-Chain“, according to Bingx.
The advances in the segment of Decentralized finance (DEFI). “The total Value Locked (TVL) reached a historical maximum driven by updates oriented to institutional adoption and regulatory compliance. Within this ecosystem, the Red Tron registered strong growth, with a TVL superior to those U $ 8.2 billion Thanks to new technological integrations and improvements in their governance, “they exemplified.
The possible “Shutdown” in the US also affects the crypto sector
Investors maintain fixed attention on the United States macroeconomic agenda. On Friday the September Employment Report will be publisheda key fact In a context where the Federal Reserve (FED) has been warning about the fragility of the labor market and several members of the organism are skeptical with respect to new rate cuts if employment continues to weaken.
At the same time, the markets continue with concern The possibility of a partial closure of the US government. If the Congress does not approve the federal budget before Wednesday, October 1, a “Shutdown” partial.
Although these types of situations are usually resolved at the last moment – as it happened repeatedly in recent years -, Trump already anticipated that a closure would imply massive dismissals of public employeeswhich would aggravate the pressure on the labor market, in addition to the delay in the publication of labor statistics.
Source: Ambito
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