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Crypto Ahmet
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๐บ๐ฒ๐ฑFed meeting has started: What will be the interest rate decision? Critical moment for Bitcoin The meeting regarding the #Fed 's future interest rate decision began today. It is anticipated that the decision to be made at the meeting will keep interest rates constant. The decision will be announced at 9:00 p.m. and Powell will appear before the cameras at 9:30 p.m. and answer questions. According to economists, it does not seem likely that the Fed will make a total interest rate cut decision. The reason for this is Powell's messages. Powell had said before the rate cut that he saw more evidence that inflation was approaching the bank's target of 2 percent. According to FactSet, about 9 out of 10 economists point to September for the Fed's first interest rate cut since 2020. On the other hand, Powell is expected to give hints that the cut will begin in the evening. "The possibility of a cut is already strong and the Fed could probably use the July meeting to cover ground for a September cut," said Ryan Sweet, chief economist for the #US at Oxford Economics, in a research report published on Friday. The Fed is expected to discuss a rate cut for the rest of the year, according to the dot plot published in June. In contrast, markets expect more. According to CME FedWatch, the probability that the Fed will cut rates three times in September, November and December is priced at 64 percent in futures markets. On the other hand, inflation continues to cool. The Fed's monitoring data shows a decline. While Powell frequently emphasizes the increase in employment in the labor market, the three-month average was 177 thousand. This data is significantly lower than the three-month average of 275 thousand a year ago. Finally, the indexes started to decline with the start of the Fed meeting. The Nasdaq regularly lost more than 1. While the Dow Jones Industrial Average rose by 0.2 percent, the S&P 500 fell by 0.85 percent. In the same minutes, Bitcoin fell from $67,000 to $66,000 and lost 1.5 percent of its value. #BTC #binance
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๐ฑ๐๐2 Meme Coins with big breakout potential #DOGE : The Meme Coin With Serious Potential During Altcoin Season $DOGE , or Dogecoin, started as a joke but has grown into a popular digital currency. Itโs loved for its friendly Shiba Inu mascot and strong online community. Despite recent market dips, DOGE shows positive signs similar to the 2021 bull run. This coin is fast, has low fees, and is supported by many fans and celebrities. These factors make it an appealing choice in the current market cycle. The potential for gains is there, especially if the wider crypto market catches fire again. #WIF Coin Primed for Gains: Tech and Market Timing Align Perfectly $WIF Coin, a newer player in the crypto space, is making waves. Built on strong tech, it aims to revolutionize secure payments and data privacy. The coin's advanced encryption and blockchain integration set it apart. With a market still rebounding, WIF shows promise. It mirrors the 2021 patterns where altcoins surged post-dips. This could be the perfect time for WIF to shine. Its potential to secure and streamline digital transactions makes it highly attractive right now. #memecoins #altcoins
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๐ฑ๐๐2 Bullish Altcoins Predicted to Outperform Bitcoin in August 2024 Book of Meme Trades Above Resistance and Key Moving AverageOn Monday, the price of the Solana-based meme coin Book of Meme (#BOME ) broke above the upper line of its horizontal channel, which has formed resistance since June 29. Since then, its value has risen by almost 10%. When an asset breaks above the upper line of a horizontal channel, it indicates a bullish breakout. It signals increased buying pressure and a potential for a continued uptrend. Traders often interpret it as a signal that market sentiment has shifted positively and that further price growth is underway Also, $BOME โs price currently trades above its 20-day exponential moving average (EMA), which measures its average price over the past 20 days. When an assetโs price rallies above this level, it signals that its short-term trend is strengthening and buying pressure has outpaced token sell-offs. If this trend persists in the BOME market, its price may climb to $0.011, a price level it last reached on June 7 Bitcoin Cash (#BCH ) Enjoys Significant Bullish Bias The value of $BCH , the native coin of the peer-to-peer electronic cash system, Bitcoin Cash, has surged by 15% in the past seven days. During the intraday trading session on Monday, the altcoin climbed to a monthly high of $453.80 While BCHโs price has since corrected by 4%, positive sentiments continue to trail the altcoin. At press time, it exchanged hands at $436.11 BCHโs rising Relative Strength Index (RSI) confirms the bullish bias toward the altcoin. It is currently at 65.36, signaling that buying activity significantly outweighs selling pressure among market participants. Also, BCHโs Chaikin Money Floe (CMF), which measures the flow of money into the asset, is in an uptrend and above the zero line at 0.16. A combined reading of BCHโs price rally and its positive CMF confirms the possibility of further price growth. If the current trend is maintained, the coinโs price will rally to $453.10. #altcoins
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๐ฑ๐ฅRussia starts international payments with crypto: Official statement has arrived ๐ท๐บ With the beginning of the Ukraine war in 2022 and the Western sanctions that followed, Russia's perspective on cryptocurrencies has completely changed. This year, #Russia may make some international payments with cryptocurrencies. The statement came from the head of the Central Bank of Russia, Nabiullina. The head of the Central Bank of Russia, Elvira Nabiullina, stated that they will be able to make some international payments with cryptocurrencies by the end of the year. Speaking to the news agency Reuters, Nabiullina said that she expects the lower house of Parliament to approve the relevant law. Those who joined crypto with the war There was a serious opposition to cryptocurrencies in Russia until the Ukraine war that started in 2022. In particular, central bank head Nabiullina had many explanations in the past for banning cryptocurrencies. However, the Ukraine war and the West's seizure of Russia's assets and the imposition of heavy financial sanctions have made the country reevaluate its perspective on cryptocurrencies. While President Putin also made some positive statements about cryptocurrencies and even Bitcoin, it was noteworthy that Russian regulars changed their negative perspectives. Recently, large Russian companies have also been facing serious difficulties in making international payments under heavy Western sanctions. Russia has also been included in the SWIFT system under these sanctions. Despite all this, there is a great contradiction despite Europe's natural gas purchases from Russia. #Putin #binance #BTC
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๐ฑ๐๐They were not affected by the decline in Bitcoin: 5 prominent Altcoins! 1- Mog coin (#MOG ) MOG, the prominent name of the cat memecoin trend, increased by 10.80 percent in the last 24 minutes. MOG, which has been rising continuously for a while, has also started to be talked about frequently on social media platforms. If the movement in cat memecoins continues, demand for MOG may increase. 2- Bitcoin SV (#BSV ) BSV, one of the Bitcoin hardforks, increased by 8.78 percent in the last 24 hours. BSV, which is careful to stand strong after the halving, seems ready for the bull season. The sharp increases in BTC will increase the demand for BSV. 3- Book of meme (#BOME ) $BOME , which brought innovation to the memecoin category, increased by 4.25 percent in the last 24 years. Benefiting from the memecoin trend, BOME ranked third with this move. BOME, which made a breakthrough after a long break, may target even higher levels if it does not face intense selling pressure. 4- Mantra ($OM ) #OM , one of Binance's new Launchpools, has shown a performance of 3.08 percent in the last 24 hours. Standing stronger than most other Launchpools, OM can be read correctly as $1.50 if it stays above $1.20. 5- Maker (#MKR ) $MKR , an ERC20-based smart contract, has been on the move with the spot ETH ETF section. Increasing by 4.45 percent in the last 24 minutes, MKR has settled into fifth place in the listening. As long as Ethereum remains on the agenda, MKR may continue to be active.
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