On Tuesday, September 28, bitcoin trading ended with a fall. The price fell by 2.66% to $41026. The cryptocurrency market was under pressure amid the dollar rally and falling stock indexes. The dollar index updated the maximum by 93.82 points. The dollar strengthened against the backdrop of higher US bond yields.

The S&P 500 index showed its worst result since May, falling by 2%, as concerns about the government shutdown grew after the refusal of Republicans in the Senate to suspend the debt ceiling. The stock sell-off had a negative impact on the Nasdaq 100 and the Dow Jones.

US stocks also sold off amid comments about Jerome Powell and the prospect of a US default. Senator Elizabeth Warren told the Fed chairman that she would not support him for a second term, criticizing his achievements in the field of financial regulation and calling him a “dangerous person.”

When the indices decline slightly, bitcoin can ignore the fall.

But when there is no positive news on the market and the drop in SP500 is more than 1.5%+, sellers actively start selling cryptocurrency.

On Wednesday, the BTC/USD pair declined to $40753 at trading in Asia. A sharp rebound to $42476 was followed by news from China. Chinese developer Evergrande announced that it will sell shares of Shengjing Bank for $1.5 billion to pay off debts. The value of the developer’s shares on the Hong Kong Stock Exchange soared by 15%, to 3.00 HKD.

At auctions in Europe, the yield of 10-year bonds is declining. SP&500 futures are trading in the black. The dollar is in a sideways trend. External conditions are favorable for the recovery of the bitcoin price. With the activity of buyers and the continuation of the correction of the dollar index, we can consider an increase to $ 43400. Support is at $40750.