The main cryptocurrency on the market, Bitcoin

BTC

tickers down

R$343,154

is quoted on the morning of Tuesday, 08/27/204, at R$345,718.47. Despite the drop to US$62,000, analysts believe that the bulls are strengthened and should seek a new test of the US$65,000 resistance this week.

Julio Andreoni, cryptocurrency specialist at Bitybank, says that this week, the crypto market deserves special attention after the events of last Friday. During the Jackson Hole symposium, the chairman of the Federal Reserve gave the biggest signal so far that interest rates could be cut soon. This is extremely positive for risk assets, especially cryptocurrencies. On Friday itself, the markets reacted well, with stock exchanges in the United States, such as the NASDAQ and the S&P 500, rising more than 1.5%. This movement could continue to reverberate throughout the week, especially with the release of two important macroeconomic indicators: the PCE inflation index and the US GDP. Depending on the results, the interest rate cut in September will become even more likely, which would be highly positive for the market," he said.$BTC