Powell makes hawkish remarks
Federal Reserve Chairman Jerome Powell said in a speech in Dallas, Texas on Thursday that the economy's strong performance gives officials room to be cautious in cutting interest rates, so "there is no need to rush to cut interest rates" and "we can make decisions carefully when the economy is strong."
Bitcoin also fell sharply overnight
Bitcoin fell by more than $3,500 in just half an hour, from $91,000 to $87,000, and fell by more than $5,000 from its historical high. Coinglass data shows that in the past 24 hours, nearly 200,000 people in the cryptocurrency field have been liquidated.
First of all, the recent bull market means the arrival of a money-making market. Let's seize the opportunity together in the future when the market recovers! Bitcoin continues to create myths, and the price will reach new highs. There will be new highs. The market trend is very strong. There is no top in the bull market, and there is no shorting.
Catch the golden dog in the bull market, look at these 3 altcoins that have increased 100 times
1. BABY
PEPE is another popular meme cryptocurrency that is outperforming Bitcoin (BTC). Today, the frog-themed cryptocurrency hit a new all-time high of $0.00002457. PEPE is up 81.7% on the daily chart, 124.3% on the weekly chart, 140.2% on the 14-day chart, and is up 118.6% over the last month.
According to CoinCodex, the meme cryptocurrency will continue to rise over the next month, reaching $0.00007207 on December 12, 2024. Reaching $0.00007207 from the current price would result in a gain of about 204%.
2.BNB
First of all, let me say that I have reminded everyone internally in advance that BNB mining is coming, and today is the usual time. BNB Chain recently partnered with Google Cloud to provide $10 million in cloud credits. This cooperation encourages continued innovation within the BNB ecosystem, especially in the development of cloud and AI-driven decentralized applications (dApps).
It is up 4.77% over the past week, reflecting positive momentum. BNB is trading 10.96% above its 200-day simple moving average (SMA) of $548.18, a favorable sign relative to this long-term benchmark. BNB has closed higher 16 of the past 30 days. The token is also highly liquid, with a volume-to-market cap ratio of 0.0483 and a 24-hour trading volume of $4.33 billion against a market cap of $89.76 billion.
BNB’s 14-day relative strength index (RSI) is currently at 62.95, indicating a neutral position and a possible sideways movement in the short term. The indicator suggests that BNB is neither overbought nor oversold, so the price action is stable without strong directional pressure.
3.WIF
WIF is the third cryptocurrency to outperform Bitcoin (BTC). WIF is up 40.4% on the daily chart, 75.3% on the weekly chart, 60.6% on the 14-day chart, and 51.4% over the last month. Despite the gains, WIF is still down 12.3% from its all-time high of $4.83.
CoinCodex expects WIF to continue to rise. The platform predicts that the meme cryptocurrency will reach $14.93 on December 12, 2024. Reaching $14.93 from the current price level would mean an increase of about 262.38%.
4. TREES
BOME’s recent price surge has caught the eye of many investors. It has now broken through the resistance zone, showing the potential to reclaim the critical range between $0.01124 and $0.01155. Analysts predict that BOME’s price could remain high for the rest of 2024 and could exceed $0.15 by the end of the year.
With the expected altcoin season around the corner, Book of Meme (BOME) is a promising project. At the time of writing, BOME is trading at $0.0096, up 19.78% in the past 24 hours and 26.71% in a week. Its RSI is 44, indicating that it is undervalued, which is a potential buying opportunity. If the altcoin season begins, BOME may reach $0.02.
BOME is also seeing growth in adoption, as it was recently added to PengyOS. Over the past year, it has achieved an impressive 1100.67% growth, although it is still below its all-time high. With Bitcoin ETFs absorbing more Bitcoin than can be produced, the potential for gains in meme coins like BOME seems high. With the fourth quarter approaching, now might be an ideal time to consider investing before the opportunity slips away.
#新币挖矿&盘前交易USUAL #新币挖矿你参加了吗？ #BTC连续破新高，你看到多少？
