Month: September 2022

Why Bitcoin Price Could Bounce After Today’s FOMC Meeting

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The Bitcoin price has been moving sideways over the past few days bound solely to macroeconomic factors. The benchmark cryptocurrency was rejected north of $20,000 after “The Merge” and seems poised to face volatility over today’s trading session. At the time of writing, Bitcoin (BTC) trades at $19,200 with sideways movement in the last 24 hours and a 5% loss over the past week. As the market moves past “The Merge”, crypto has returned to its correlation with global markets and the most important factors driving the price action: inflation…

Top Reasons BITCOIN Changing Hands (Massive Shift IN Crypto Markets)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is a massive Crypto Shift underway? In this video, we will discuss the price of Bitcoin, Ethereum, and the top altcoins. We’ll take a look at the cryptocurrency markets and the latest crypto news. 99% of coins are already dead, and this saying that the bear market is what will kill them is WRONG. We’ll explain why, and what that means for the rest of the market. Topics We Discuss: 6:57 Crypto Market News 17:30 Expert Trade Analysis 32:50 BTC Whales 40:30…

Reef Finance (REEF) Breaks Out Of Long Isolation, Is This A Fake Rally?

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REEF looks bullish on a lower timeframe Price reclaims 50 exponential moving average (EMA) on the daily timeframe  REEF price gets rejected by 200 EMA acting as resistance on the daily timeframe.  Reef finance (REEF) has had a tough time recently but has shown great strength bouncing up in a lower timeframe. Reef finance has struggled to remain bullish as the price fell from an all-time high of $0.3 to $0.0048, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data…

Tether says new court order to produce USDT reserve backing is a ‘routine discovery matter’

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On Wednesday, Tether (USDT), the issuer of the U.S. dollar-pegged USDT stablecoin, said that a recent order by a U.S. judge to provide evidence of USDT backing is part of routine discovery in court cases. The firm said that the decision did not substantiate any of the claims listed in an ongoing lawsuit:  “We had already agreed to produce documents sufficient to establish the reserves backing USDT, and this dispute merely concerned the scope of documents to be produced. As always, we look forward to dispensing with plaintiffs’ baseless lawsuit…

U.S. House Legislation Looks To Place Two-Year Ban On UST-Like Stablecoins

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Are stablecoins in the sights of U.S. regulators? The decline of Terra Luna and it’s UST (and correlating LUNA) token earlier this year brought along plenty of fanfare. It’s full damage and implications, however, have clearly yet to be established; a new draft of a U.S. House bill is proposing a two-year ban on stablecoins similar to Terra’s UST stablecoin. UST depegged and caused major ripples throughout defi earlier this year. Let’s look at what the legislation could potentially bring to the market. Stablecoins Under Scrutiny? According to a report…

Next Crypto market cycle top will be 2025? (+ retiring on HEX in 2026)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Follow @RHMaximalist on Twitter — Check out full interviews with guests @ @a Million or the Moon — Learn and grow in Crypto with interviews & content focused on a healthy form of RH maximalism. We lean into objective discussions for products like HEX, PulseChain and PulseX as well as community innovations, health, wealth, wisdom & the big fundamentals Bitcoin and Ethereum. I buy Richard Heart stock, but I’m also a first principals thinker. That means I can promote his products, while…

XRP Remains Close to 4-Month High, as LTC Rebounds on Wednesday – Market Updates Bitcoin News

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XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token was above $0.4000 for a second consecutive session, which happened for the first time since June. Litecoin also edged higher, after prices rebounded following recent losses. XRP continued to trade close to a four-month high on Wednesday, as bullish sentiment remained strong within the token. Following a low of $0.3774 earlier in today’s session, XRP/USD raced to a peak of $0.4215 on hump day. The move comes after the token…