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This coin is definitely moving towards its high now. It has already crossed its lowest RSI position. A very good opportunity for those who have patience and trade for longterm. Start trading now.
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$BTC Bitcoin (BTC) is currently trading at around $106,084.57, with a 0.94% decrease in the last 24 hours. The cryptocurrency's market capitalization stands at approximately $2.11 trillion, with a 24-hour trading volume of $30.99 billion. BTC's price has fluctuated between $106,028 and $108,952.38 in the past 24 hours. *Key Statistics:* - *Current Price*: $106,084.57 - *Market Capitalization*: $2.11 trillion - *24-hour Trading Volume*: $30.99 billion - *Circulating Supply*: 19.86 million BTC - *Total Supply*: 19.86 million BTC - *All-Time High*: $112,087.19 *Recent Trends:* Bitcoin's price has been volatile, influenced by factors such as Middle East tensions and institutional investment. Spot BTC ETF inflows have grown significantly, with MicroStrategy buying 10,100 Bitcoin for $1.05 billion, bringing their total holdings to 592,100 BTC.
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#FOMCMeeting The Federal Open Market Committee (FOMC) meeting has a significant impact on the trading community, particularly in the stock and cryptocurrency markets. Here's what you need to know: *What is FOMC?* The FOMC is a branch of the Federal Reserve Board that determines the direction of monetary policy in the United States. Its decisions on interest rates and quantitative easing can trigger immediate market reactions, often leading to sharp reversals in stock prices ¹. *Impact on Markets* - *Stock Market*: FOMC decisions can cause significant volatility in the stock market. Higher interest rates can hurt growth-oriented stocks, while lower rates can boost them. - *Cryptocurrency Market*: FOMC meetings can catalyze significant moves in crypto markets. A dovish stance can lead to rallies, while a hawkish tone can result in sharp corrections. - *Forex Market*: The value of the US dollar is closely tied to the Fed's interest rate decisions. Higher rates can strengthen the dollar, while lower rates can weaken it ². *Trading Strategies* - *Trend Following*: Identify and capitalize on market trends that emerge after FOMC announcements. - *Mean Reversion*: Profit from temporary price distortions caused by FOMC-induced volatility. - *Options Trading*: Use options to gain exposure to significant price movements with limited risk ¹. *Key Factors to Watch* - *Powell's Press Conference*: Fed Chair Jerome Powell's tone and comments on inflation, liquidity, and forward guidance can set the market's direction. - *Market Reaction Post-FOMC Statement*: Watch the initial market reaction and subsequent movements in the days following the announcement. - *Potential Crypto-Specific Updates*: Regulatory updates or announcements related to digital assets can impact the crypto market ³. *Conclusion* The FOMC meeting has a profound impact on the trading community, and understanding its implications is crucial for making informed trading decisions.
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$BTC Bitcoin is experiencing a significant downturn, with its price currently trading at around $104,995.14. This represents a 2.38% drop in the last 24 hours. Several factors are contributing to this decline ¹: - *Market Volatility*: The crypto market is known for its volatility, and Bitcoin is no exception. Price swings can be triggered by various factors, including changes in investor sentiment, economic indicators, and global events. - *Economic Data*: The release of U.S. economic data, such as higher-than-expected JOLTS job openings and robust ISM Services PMI, has led to concerns about potential interest rate hikes. This can negatively impact high-risk assets like cryptocurrencies. - *Liquidations*: The crypto market saw significant liquidations, with $331 million worth of long positions liquidated in 24 hours. This can exacerbate price movements and contribute to market instability. - *Technical Patterns*: Bitcoin broke below its upward channel, breaching critical support at $97,204. This shift in momentum has traders eyeing the $92,500 level as a potential demand zone. *Key Support and Resistance Levels:* - *Support Level*: $92,500 and $91,947 - *Resistance Level*: $96,080 and $98,856 *What's Next for Bitcoin?* The Relative Strength Index (RSI) at 34.76 indicates oversold conditions, raising the possibility of a short-term rebound. However, sustained recovery depends on Bitcoin reclaiming $97,204 and breaking above resistance. If current trends continue, BTC could see further declines in the coming weeks, potentially dropping to $75,600 or lower
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#IsraelIranConflict Iran-Israel Conflict: Market Impact The ongoing tensions between Iran and Israel have significant implications for global markets. Here's a brief analysis: *Market Volatility:* Escalating conflicts can lead to increased market volatility, affecting various asset classes, including: - Oil prices: Iran's role as a major oil producer and Israel's potential responses can impact global oil supplies. - Stocks: Market uncertainty can lead to sell-offs, particularly in sectors like energy, defense, and finance. - Currencies: Safe-haven currencies like the US dollar may strengthen during times of conflict. *Regional Impact:* The conflict can also affect regional markets, including: - Middle Eastern economies: Countries like Turkey, Egypt, and Saudi Arabia may experience economic instability due to their proximity to the conflict zone. - Global trade: Disruptions to shipping lanes and trade routes can impact global supply chains. *Investor Sentiment:* Market participants closely watch developments in the conflict, adjusting their strategies accordingly. Investors may seek safe-haven assets or diversify their portfolios to mitigate potential risks. The Iran-Israel conflict has far-reaching implications for global markets. Understanding these dynamics can help investors and businesses navigate the complexities of geopolitical events and make informed decisions.
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