Founder of US Investment Company Announces Date for Bitcoin (BTC) to Rise!
How many dollars can Bitcoin reach after Donald Trump wins the election?
Michael Terpin, founder of American investment fund Transform Ventures, said that October and November are historically good months for the leading cryptocurrency Bitcoin (BTC). Terpin thinks that Bitcoin will exhibit upward movements in these months.
According to Michael Terpin, if Republican candidate Donald Trump wins the US presidential election, the Bitcoin (BTC) price will reach $ 100,000.
Michael Terpin emphasized that historically the leading cryptocurrency has lost value in the first six months after the halving and this fifth cycle is no exception. Terpin, who made a statement about the upcoming process, said the following:
“The bull market will continue in the traditional four-year cycle line for the next 60 days. Bitcoin will make a solid rise in October and November.”
According to the founder of Transform Ventures, the announcement by the Bank of Japan that it will not raise interest rates and Jump Trading's announcement that it has stopped selling crypto have made Bitcoin's chances of falling below $50,000 again zero.
According to Terpin, investors are once again convinced that Bitcoin is a medium- and long-term profitable tool, with the rapid recovery following the recent declines.
BREAKING NEWS: Elon Musk Shared Dogecoin's (DOGE) Dead Mascot Kaboso!
Elon Musk, one of the richest businessmen in the world, recently shared Dogecoin's (DOGE) mascot dog Kaboso. As of today, Kaboso passed away from leukemia and liver failure.
The gorilla in the picture actually has a story. For those who don't know and have forgotten...
“The killing of Harambe is the incident that took place at the Cincinnati Zoo and Botanical Garden on May 28, 2016, and the gorilla named Harambe was killed when a child entered his cage. A three-year-old boy climbed over the bars and entered a gorilla cage. Harambe, a 17-year-old western lowland gorilla, grabbed the boy and dragged him away. A zoo employee, thinking the child's life was in danger, shot Harambe to death. The images spread rapidly on the internet and created debate about whether Harambe should be killed or not. Primatologist and environmentalist Jane Goodall; "He stated that the incident was a result of the child falling into the cage and that he believes zoos need to have better security."
Source:Wikipedia Harambe coin rose 5% after this tweet.
Bitcoin Eyes Turn to Fed Chair Powell's Speech! Fed Chair Jerome Powell to comment on the US economy at 20.55 GMT
🗣️Fed Chair Jerome Powell:
•Risks are bilateral and decisions will be made in meetings.
•The US economy is in a solid position; we will use our tools to keep it that way.
•We have made good progress toward restoring price stability without a major increase in unemployment.
•The 50 basis point rate cut reflects growing confidence that appropriate policy readjustment can keep the labor market strong and inflation moving toward target.
🗣️Fed Chair Jerome Powell:
•Recent data suggests further progress toward a sustainable return to 2%.
•My colleagues and I have increased our confidence that inflation is on a sustainable path to 2%.
🗣️Fed Chair Jerome Powell:
•Working conditions are strong and the labor market is nearly balanced.
HOT DEVELOPMENT: Critical PCE Data Announced in the US! Is It Good or Bad for Bitcoin? The Personal Consumption Expenditure Price Index (PCE) data, which is monitored by the FED in the US, has been announced
As of today, it is seen that increases are dominant in the cryptocurrency sector. The fact that the leading cryptocurrency Bitcoin (BTC) managed to exceed $ 65 thousand has increased the activity in the market. Despite the recent increases, the much-anticipated major uptrend in the crypto market has not yet started.
In the past minutes, some important economic data were announced in the United States (US). The latest data could affect financial markets and the crypto sector Here are the US PCE data that the FED is also closely following:
US Annual Core Personal Consumption Expenditure Price Index (PCE):
Previous: 2.6% Expected: 2.7% Reported: 2.7% US Monthly Core Personal Consumption Expenditure Price Index (PCE):
Previous: 0.2% Expected: 0.2% Reported: 0.1% US Annual Personal Consumption Expenditure Price Index (PCE):
Previous: 2.5% Expected: 2.3% Reported: 2.2% US Monthly Personal Consumption Expenditure Price Index (PCE):
Previous: 0.2% Expected: 0.2% Reported: 0.1%
Although the latest PCE data released in the US brought an increase in the leading cryptocurrency Bitcoin (BTC), There is no significant detail in these data that would trigger increases (data was announced very close to expectations or in line with expectations).
BREAKING NEWS: SEC Chairman Gensler Talked About Bitcoin (BTC)!
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), gave a speech on CNBC live broadcast today. Gensler, who also mentioned the leading cryptocurrency Bitcoin (BTC) in this speech, emphasized that BTC is not a security.
Gensler, who has claimed that many crypto assets are securities to date, said the following in his last speech:
As we have said before, Bitcoin (BTC) is not a security. Thanks to ETFs in the US, Bitcoin (BTC) can be invested in.”
BREAKING NEWS: Critical Economic Data Announced in the US! Is It Good or Bad for Bitcoin?
As of now, critical hours have started again in the cryptocurrency sector and traditional financial markets. Economic data from the United States (US) in the past minutes may increase volatility in the markets.
In addition to the data from the US, the fact that FED Chairman Jerome Powell will also speak in 1 hour is drawing the attention of investors. Here are the latest important data from the US:
US Gross Domestic Product (GDP):
Previous: 1.4% Expected: 3.0% Accounted: 3.0% US Core Personal Consumption Expenditures:
Previous: 2.8% Expected: 2.8% Accounted: 2.8% US Unemployment Claims:
Market Experts Say, “Powell’s Speech Will Be Followed in Bitcoin (BTC) Today”! Today, FED Chairman Jerome Powell’s statements may affect the price of crypto assets.
As of today, a critical day will be experienced in the cryptocurrency sector and traditional financial markets. Some economic data from the US and the speech of US Federal Reserve (FED) Chairman Jerome Powell may affect the price movements of crypto assets.
QCP Capital, a successful analytics company, shared a report on the developments to be followed in the crypto market today and provided the following information:
“Bitcoin (BTC) continues to consolidate below the $ 64,000 level due to the lack of macroeconomic catalysts from the US. While BTC fluctuates between $ 62,000 and $ 64,000, ETH is traded below $ 2,600.
Overnight, presidential candidate Kamala Harris reiterated her support for cryptocurrencies for the second time this week, promising to position the US as a dominant force in “AI, quantum computing and blockchain.” Harris reiterated that digital assets will be included in her economic plan.
Key macroeconomic developments to watch today include US GDP data and Fed Chair Powell’s statements. The market will be watching closely for any changes in sentiment in Powell’s statements following the FOMC press conference held last Thursday.
As of today, Fed Chair Powell’s speech will begin at 16:20 GMT. Our readers should note that this speech could affect the price of crypto assets.
Are the Rumors That Donald Trump Will Launch a Memecoin True? The latest rumors that Trump will launch a memecoin have been found to be fake news.
The steps taken by US presidential candidate Donald Trump regarding the cryptocurrency industry are drawing the attention of investors. Trump, who is preparing to launch a decentralized finance (DeFi) project, declared himself as the cryptocurrency president at his last rally.
During the weekend, rumors that Trump will launch a memecoin were on the agenda of the cryptocurrency sector. However, it was determined that these rumors were false in a short time.
Wu Blockchain, a crypto newspaper based in China, shared the following information in its post on the subject..
Trump announced on social media that he will launch the first officially authorized commemorative silver coin, TRUMP COINS. This coin, whose price was set at $ 100, was designed by Trump. However, this coin will not be a legal tender or investment instrument.
Today, it was found that news that Trump will launch a memecoin was on the agenda of the cryptocurrency sector.
Donald Trump, who could launch a memecoin after winning the presidential election, seems unlikely to take such a step in the short term, contrary to recent news.
Market Experts Commented on the Latest Situation in Bitcoin and ETH After the FED Rate Cut! QCP Capital experts evaluated the FED rate cuts in their latest report.
QCP Capital, which has attracted the attention of cryptocurrency investors with the daily reports it has shared recently, continues its daily reports. As of today, it seems that the main subject of the report shared by QCP Capital is the FED's 50 basis point rate cut.
The FED, which lowered interest rates by 50 points last night, gave important signals for the coming months. QCP Capital experts mainly conveyed the following information in their latest report:
“The US Federal Reserve (FED) announced a 50 basis point rate cut last night and stated that it plans to make two more cuts this year and four more in 2025.
While Powell's uncertainty about the size and speed of the next cuts continues, all attention is turned to the upcoming labor force data. The US 2Y/10Y bond spread has been trading in the opposite direction since July 2022, a recession indicator, but has recently risen to +8 basis points.
This indicates market optimism and a possible shift towards riskier assets. The S&P 500 tried to reach new highs but closed in the red after the FOMC meeting.
In the options market, volatility decreased after the FOMC meeting. After the FOMC, BTC rose from $59,000 to $62,000, while ETH is trading around $2.4,000.”
Critical moments have started for traditional financial markets and the cryptocurrency sector. US Federal Reserve (FED) Chairman Jerome Powell recently appeared before the cameras and began commenting on the economy.
Jerome Powell's statements may trigger volatile movements in the markets. Here are Powell's statements about the US economy on live broadcast:
Today's interest rate decision reflects increasing confidence that the strength in the labor market can be maintained.
Consumer spending remains resilient.
The economy is generally strong.
Inflation has fallen significantly, but remains above our target.
Long-term inflation expectations appear solid.
The labor market is not the main source of increasing inflationary pressures.
The FED can protect the existing workforce with policy adjustments.
We have reaped the fruits of our patient approach, and inflation is now much closer to our target.
Upward risks to inflation have decreased, while downward risks to the labor market have increased.
Our estimates are not a plan or a decision.
We will adjust policy when necessary.
If the economy remains strong and inflation continues, we can withdraw policy more slowly.
If the labor market deteriorates, we can take action.
Attention Bitcoin Investors: 114 Economists Made Predictions Regarding the FED Interest Rate Decision! Here Are the Latest Reports… Today, Bitcoin and altcoins may experience sharp movements.
As of today, the cryptocurrency sector's agenda includes the interest rate decision to be announced by the US Federal Reserve (FED) this evening. Although it is considered certain that the FED will cut interest rates, the amount of this interest rate has not been clarified as of now.
QCP Capital recently shared a report. This report, compiled with the comments of many economists and experts, includes the following information:
“The FED is meeting today and the importance of this meeting cannot be ignored. The decision they will make will shape the path that financial markets will follow in the medium and long term.
Market participants expect a 33% probability of a 25 basis point cut and a 66% probability of a 50 basis point cut, according to FED Fund Futures pricing.
However, according to a survey conducted by Bloomberg, most economists see a 25 basis point cut as more likely; Of the 114 economists, 104 expect this outcome, while only 9 expect a 50 basis point cut.
It remains uncertain how markets will behave during and after the FOMC meeting, because there are multiple layers of uncertainty:
Interest rate decision (25 basis point or 50 basis point cut?) Dot plot projections Powell’s press conference after the FOMC However, we are certain that volatility will be high in the days following the meeting.
There could be large swings in the coming weeks as traders reposition their positions. This regime change could also signal the beginning of a strong macroeconomic trend.”
FED Will Cut Interest Rates Today! How Will It Affect Bitcoin (BTC)? There may be sharp movements in the cryptocurrency sector today.
The US Federal Reserve (FED) is expected to cut interest rates for the first time in four years today. This situation is leading investors to speculate about the score of the interest rate cut and its potential impact on risky assets, including Bitcoin.
According to the CME FedWatch tool, the probability of a 50 basis point cut has increased to 65% after the latest developments, and the probability of a 25 basis point rate cut has decreased to 35%. A few days ago, the market was giving two-thirds of a 25 basis point rate cut and one-third of a 50 basis point cut.
According to analysts, if the FED cuts interest rates by 50 basis points, the risk asset market, including the leading cryptocurrency Bitcoin, may react positively.
Bitwise European Research Head André Dragosch made the following statement on the subject in his latest statement:
“The recent relatively strong Empire State Manufacturing report suggests that the market reaction will probably be positive if the FED cuts interest rates by 50 basis points.
This leading indicator indicates that the fundamental economic momentum accelerated further in September and that a good period may begin for financial markets with low inflation, stable growth and encouraging monetary policy.
Richard Deitz, Economic Research Advisor at the New York FED, said, “Firms have become more optimistic that conditions will improve in the coming months, but capital spending plans were weak.”
The US Federal Reserve (FED) will announce its interest rate decision this evening at 21:00 GMT. Our readers should keep in mind that volatile movements may occur in the crypto market between 20:30 and 22:30.
Binance Founder CZ Could Be Released From Prison Next Week! Here Are the Latest Reports… Will Binance founder CZ be as active in the crypto sector as before after he is released from prison?
Changpeng “CZ” Zhao, the founder of the world’s largest cryptocurrency exchange Binance, was imprisoned a long time ago. Many cryptocurrency investors have been wanting CZ to be released from prison and take an active role in the crypto market again.
Although CZ will be released from prison soon, he will no longer be able to take an active role in the crypto market. CZ, who was also forced to leave his position as CEO at Binance, may be cut off from the crypto market by a court order in the US.
According to the latest information, CZ may be released from prison next week. China-based crypto newspaper Wu Blockchain shared the following information on the subject:
“According to the official website of the US Federal Bureau of Prisons, Binance founder CZ will be released from prison next week.
The official website shows that 47-year-old Chanpeng Zhao will be released on September 29, 2024, with registration number 88087-510.”
Some market experts claim that Changpeng Zhao’s release from prison will bring excitement to the crypto sector. This development could positively affect the prices of crypto assets.
Market Experts Explain the Reason for the Latest Drop in Bitcoin (BTC)! The second assassination attempt against Trump has had a bad impact on the crypto market.
QCP Capital, a successful analytics company, is on the agenda with its daily analyses it shares about the cryptocurrency sector. With the start of the new week, experts continued to share reports. In their latest report, analysts say that it will be an eventful week for the crypto market.
In the shared report, experts also compiled the events that cryptocurrency investors should follow specifically for this week, and provided the following information:
Bitcoin (BTC), which had difficulty exceeding the $ 61,000 level over the weekend, fell even further after the second assassination attempt against Trump.
This downward movement was further exacerbated by the liquidation of $ 70 million long positions during a period of weak liquidity before the opening of Asian markets.
Despite the recent declines, it should not be forgotten that BTC rose by 13.8% from $ 58,000 to $ 66,000 during the first assassination attempt against Trump on July 13. Could we see a similar rally in the crypto space this week?
It’s definitely going to be an eventful week for crypto. The Token2049 event is underway and the FOMC meeting is on Wednesday (September 18). Uncertainty continues over whether interest rates will be cut by 25bps or 50bps. As the first Fed rate cut of this cycle approaches, market tensions are rising and any unexpected macro data will have a bigger impact.
Bitcoin (BTC) Broke Critical Resistance in the Last Minutes! What Will Happen Now?
Will Bitcoin (BTC) be able to stay above the $60,000 level?
It is seen that the dominance of bulls has increased in the cryptocurrency sector in the last minutes. The fact that the leading cryptocurrency Bitcoin (BTC) has made a leap again has naturally increased the interest in the sector. BTC managed to gain 3% value today.
It is seen that Bitcoin's last leap of 3% is critical. BTC, which has been supported by the rising trend line for a long time but has not been able to overcome the resistance at $58,500, has overcome this resistance in the last minutes and approached $60,000.
What Might Happen in Bitcoin (BTC) in the Coming Days?
The leading cryptocurrency Bitcoin (BTC) is trading at $59,650 at the time of writing our news. BTC is expected to try $60,000 in the coming hours.
Although there is no technical resistance at the $60,000 level, it is known that this point is psychologically critical. BTC exceeding and staying above $60,000 will completely end the downtrend in the sector.
Bitcoin's staying above $60,000 may positively affect altcoins as well as BTC. Altcoins, which have not yet experienced a significant increase due to not exceeding $60,000, may exhibit bullish movements again with the break of this level.
BREAKING NEWS: Producer Inflation Announced in the US! Is It Good or Bad for Bitcoin? The US producer inflation data, which is closely followed by the FED, has been announced.
The United States (US), shown as the world's largest economy, deeply affects traditional financial markets and the cryptocurrency sector. As of today, all eyes in the money markets were again on the data to come from the US.
In the past minutes, producer inflation data in the US, which is also closely followed by the FED, has been announced. Here are the latest US PPI data:
US Annual Producer Price Index (PPI):
Previous: 2.1% Expected: 1.8% Reported: 1.7% US Monthly Producer Price Index (PPI):
Previous: 0.1% Expected: 0.1% Reported: 0.2% US Annual Core Producer Price Index (PPI):
Previous: 2.4% Expected: 2.5% Reported: 2.4% US Monthly Core Producer Price Index (PPI):
Previous: -0.2% Expected: 0.2% Reported: 0.3% US Unemployment Claims:
Previous: 228K Expected: 227K Reported: 230K
It was observed that the latest economic data in the US was announced in line with expectations or very close to expectations. There are no surprises for financial markets in the latest PPI data.
Matrixport: No Matter What Happens in the US Elections, Bitcoin (BTC) Will Rise!
Matrixport experts commented on the impact of the US presidential elections on BTC.
Matrixport analysts have published a forecast on the possible impact of the results of the presidential elections in the United States (US) on the price of Bitcoin (BTC). According to experts, the leading cryptocurrency Bitcoin will continue to rise regardless of the voting results of American voters.
Matrixport experts reminded that Bitcoin experienced strong rallies both when the Republican Party was in power in the US and when the Democratic Party was in power, and made the following remarks:
“No matter who wins the November 2024 presidential elections and who takes the White House, Bitcoin (BTC) will continue to rise.
Analysts say that the next US president will have more influence on the regulation of the cryptocurrency market in the country than the price of Bitcoin.
Matrixport experts, who underlined in their previous reports that $59,000 levels are very important for the leading cryptocurrency Bitcoin (BTC), think that BTC will exhibit bullish movements in the 4th quarter of this year.
Although Matrixport analysts see the US presidential elections as unimportant, the election of Donald Trump will positively affect the crypto market.