BTC dominance decline may bring a more solid stance to altco | Crypto De Nostradame on Binance Square

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BTC dominance decline may bring a more solid stance to altcoins.[Not Investment Advice]
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🗣️Fed Chair Jerome Powell: •I can imagine scenarios ranging from zero rate cuts to multiple rate cuts this year, it will depend on how the economy develops. •We need more good data.

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🗣️Fed Chair Jerome Powell: •Second quarter inflation data increased our confidence. 🗣️Fed Chair Jerome Powell: •A rate cut may be on the table in September. -Reporter: Is the market expecting the Fed to cut rates in September? What do you think? And why aren't you cutting rates today instead of waiting? -Powell: We haven't made any decisions about September, but we can say that we are getting closer to our goal. If everything goes as expected, there may be a rate cut in September. That's not possible today.

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🗣️Fed Chair Jerome Powell: •The labor market has reached a better balance. •Recent data show the economy continues to grow at a crazy pace. •We are committed to reducing inflation to our 2% target. •We continue to want to remain in restrictive monetary policy. •Labor markets are slowly returning to pre-pandemic levels. •Our long-term inflation expectations appear well managed.

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Binance Decides to Delist Four Altcoins Including Cardano! Binance has announced the delisting of trading pairs such as ADA, AEVO, AST, and MANTA as of August 2. This change targets the decrease in liquidity and trading volume. Users can continue to trade other pairs instead of the delisted trading pairs. How does Binance affect the crypto market? Details and user recommendations here! Binance has announced that it will delist four trading pairs, including ADA, AEVO, AST, and MANTA, as it waits for the markets to recover. The exchange stated that it made this decision with the aim of improving trading quality and ensuring liquidity. Since crypto exchanges’ listing and delisting decisions change frequently, this can affect the momentum of tokens in the market. Binance Will Delist ADA and Other Trading Pairs Binance announced that it will delist the ADA/TUSD, AEVO/BNB, AST/BTC, and MANTA/BNB trading pairs starting August 2. The exchange stated that it took this step in line with the need to provide its users with better quality trading markets. Usually, such a decision is made due to declines in liquidity and trading volume. After the pairs are delisted, users can continue to trade ADA and other affected tokens through other pairs listed on the Binance platform. The exchange noted that trading bots will also be removed and users will be required to turn off their bots. Market Improvement Comments While many users are not in favor of the pairs being delisted, some believe that this step will contribute to improving the overall trading experience. Low liquidity can lead to price fluctuations and various issues for traders. The ADA community continues to trust the asset’s growing momentum and new partnerships on social media. On the other hand, Binance Labs continues to strengthen the crypto market by supporting new projects.

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🗣️Fed: •The decision to keep the policy rate unchanged was unanimous. •FOMC members will not cut rates until they are confident that the interest rate will reach the 2% target. •There has been some progress toward the 2% inflation target in recent months. 🗣️Fed: •The economy continues to grow at a solid pace. •Employment gains have slowed, unemployment has increased but remains low. •Inflation has declined but remains slightly elevated.

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