Day: September 20, 2024

Bull Market Hinges On This Indicator Reaching 45%

boss

Este artículo también está disponible en español. In a detailed post on X, crypto analyst Jamie Coutts outlined various indicators he monitors to gauge when the market might pick up bullish momentum. Crypto Market Might Be In The Final Stage Of The Bearish Phase Coutts, Chief Crypto Analyst at the financial knowledge and education platform RealVision, noted that the cryptocurrency market has gradually declined. The top 200 equal-weight index (EWI) shows that the leading 200 cryptocurrencies by market cap have experienced a 55% pullback over the past six months. Despite…

Sea of green in crypto as Reef, First Neiro on ETH, Solar lead

It was a sea of green in the cryptocurrency industry after the jumbo interest rate cut by the Federal Reserve. Bitcoin (BTC) led the gains, cruising above the important resistance point at $63,000 for the first time since Aug. 27.  Reef, First Neiro on ETH, and Solar (SXP) lead Most of the large gains occurred among smaller altcoins. Reef (REEF) went parabolic, soaring to a high of $0.0048, its highest point since March 12. It has been one of the best-performing altcoins this month, jumping by over 670% from its…

Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000

boss

Data shows the cryptocurrency sector as a whole has witnessed a high amount of liquidations following the volatility Bitcoin and others have gone through. Bitcoin Has Recovered Back Above The $63,000 Level Following the news of the US Federal Reserve cutting back on interest rates, Bitcoin has responded positively, with its price breaking above the $63,000 level. The chart below shows what the asset’s recent performance has looked like. The graph shows that after this 5% jump over the last 24 hours, the cryptocurrency is no longer far from reaching…

Is the Fed signaling a market crash? Why the 50 bps rate cut feels like 2007 all over again

Why did the Fed cut rates by 50 bps, the largest since 2020? What hidden dangers are they trying to prevent, and could this backfire on the economy? Fed drops a “bomb” On Sep. 18, the U.S. Federal Reserve made a move that turned heads across the financial world—it slashed its benchmark interest rate by 50 basis points (bps), marking the first cut since the pandemic hit in March 2020. This adjustment brought the rate down to a range of 4.75% to 5%, a larger drop than many analysts had…

Will Whale Shorts Trigger A Market Pullback?

boss

Este artículo también está disponible en español. As the broader cryptocurrency market experiences notable gains following the Federal Reserve’s rate cuts, Bitcoin (BTC) has reached a price of $63,670 on Thursday, marking substantial bullish momentum since late August. This surge has sparked increased interest from both retail traders and institutional players, leading to diverse positioning within the market. Divergence In Trader Strategies According to a recent post on social media site X (formerly Twitter) by technical analyst InspoCrypto, the recent price action on the Binance BTC/USDT perpetual futures chart highlights…

German Authorities Shut Down 47 Crypto Exchange Services in Cybercrime Crackdown

boss

German authorities have dismantled 47 exchange services involved in facilitating anonymous crypto transactions for criminal activities. These platforms bypassed anti-money laundering protocols, enabling cybercriminals to exchange digital currencies without identity verification. The takedown follows a series of other operations targeting major cybercrime networks. With seized user and transaction data, authorities are set to pursue further […] Source

Crypto Pundit Predicts Historical 9,468% Pump To $27

boss

Este artículo también está disponible en español. A new XRP price prediction by popular crypto pundit Egrag Crypto projects that the cryptocurrency could experience a historical price surge of about 9,468%. This predicted price gain would push XRP from its current price of $0.58 to $27, marking new All-Time Highs (ATHs).   XRP Price Forecasted To Pump To These Targets Egrag Crypto has taken to X (formerly Twitter) to express his bullish outlook on XRP, predicting the cryptocurrency could surge as high as $27. On Wednesday, September 18, the crypto analyst…