Bitcoin (BTCUSD) Price Forecast: September 21 The BTCUSD bullish pattern in play is close to the $72,777 price level as the crypto recovers modestly after taking a beating in the past few days. In a bid to recover some lost ground, the crypto showed signs of retracement today and may continue growing if the support…
EUR/USD: Rate Drops, Dollar Falls ● The United States Federal Reserve System (Fed) announced its decision on the benchmark interest rate following the two-day meeting held on September 17-18. The intrigue lay in the rate cut step—whether it would be the standard 25 basis points (bps) or twice as much. On the eve of…
Total3, an index that tracks the market capitalization of the top 125 cryptocurrencies, excluding bitcoin and ether (ETH), was trading 5.68% higher since the central bank’s announcement that it would slash the Federal Funds rate by 50 basis points, according to data on TradingView. Bitcoin’s market cap, by contrast, rose only 4.4%. Source link
Consistent with this pattern, bitcoin has already shown signs of recovery, gaining about $9,000 since the local bottom on Sept. 6, representing a 15% increase in value. This divergence between bitcoin’s (BTC) price and its hash rate started to shape up in July and then persisted into early September, when the computing power of the…
Stay up to date with the freshest updates from StealthEX and CryptoDaily! This week, we bring you the most important cryptocurrency news. Curious about what’s currently popular? Our summary offers easy-to-understand insights, fresh perspectives, and the latest happenings in the crypto industry. Keep yourself informed with our concise coverage, ensuring you’re always in the loop…
By Alex Kuptsikevich Market Picture Active buying continues in the crypto market, with its total cap rising 3.2% in 24 hours to $2.21 trillion, reviving the fight to break the previous local high of $2.27 trillion a month ago. The local low in early September was above the previous low, and a break of the…
Finance giant BlackRock is saying that Bitcoin (BTC) is a unique investment opportunity offering investors something much different than traditional assets. BlackRock, a firm with over $10 trillion in assets under management, says in a new report that Bitcoin could act as a hedge against the United States’ mounting debt and other macroeconomic concerns. “While…
The Bomb Bank Signal is a powerful indicator for MetaTrader 4, designed to identify the most relevant trends in the financial market. If you are looking for a tool that accurately anticipates movements, Bomb Bank is the ally you need. How it Works: This indicator combines three distinct methods – volume analysis, candle closes and…
Jade City, a project for DeFi tokenization of the $50 billion-plus jade market, released its white paper. According to the team: “The Jade City white paper outlines how the new platform will kick off a new era of RWA tokenization and DeFi market access when it launches later in 2024, detailing its supply and value…
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold…