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Profitangel
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Crypto can make you a millionaire. You just need to buy and hold the right coins then sell at the right time!🎯
#Binance
#BTC
#crypto2023
#BNB
#dyor
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U.S. Federal Reserve Lowers Benchmark Rate, Bitcoin Holds Strong Amid Fed’s Cautious Stance
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Bitcoin Primed for a Breakout as Key Indicators Align 🚀 Pro-Bitcoin President in Office Hash Rate and Difficulty at Record Highs Bitcoin is on the edge of a potential price surge, trading just below $75,000 during the European morning as markets await the Federal Reserve's anticipated rate cut. Meanwhile, Ethereum has led the market with an impressive gain of over 6% in the past 24 hours. The Bank of England has also cut interest rates further, now at 4.75%, following its August reduction from 5.25% to 5.0%. These moves are a response to decreasing inflation, which fell to 1.7% in September, below the Bank's target of 2%. According to CNBC, multiple analysts are predicting that Bitcoin could hit $100,000 before January, in time for Trump's inauguration. The stage is set – Bitcoin could be ready to soar! 🚀
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The BNB Foundation has just completed its 29th quarterly token burn, removing over 1.7 million BNB (valued at approximately $1.07 billion) from circulation—a substantial reduction. Why burn BNB tokens? BNB is designed as a deflationary token, meaning its supply gradually decreases over time to help support its value. To achieve this, periodic token burns are conducted to permanently reduce the circulating supply. Following this recent burn, BNB’s current supply stands at 144,099,981.1 BNB. An additional 43,533,387.84 BNB will be burned in future cycles until the scheduled burns conclude. Will this impact BNB's price? Price movements depend largely on supply and demand dynamics. When the supply of an asset decreases and demand remains steady or increases, prices tend to rise. Given Binance’s position as the top crypto exchange, demand for BNB is likely to stay strong. With the ongoing reduction in supply and sustained demand, this could positively impact BNB's price over the long term. #29thBNBBurn #16thBTCWhitePaperAnniv #NovCryptoOutlook #CryptoPreUSElection
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Why All Crypto Traders Must Watch Bitcoin’s Movement to Understand Market Dynamics
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If you entered a short at a right time then it's gonna pay out. It's not too late tho. We also trade the FUD. #BullRunAhead #CryptoPreUSElection #BTC67KRebound
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