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The Fed did what was expected, cutting interest rates by 25 basis points🇺🇲
The U.S. Federal Reserve (Fed) acted in line with market expectations and cut interest rates by 25 basis points. As a result, the organization completed the year 2024 with a total cut of 100 basis points.
The Federal Reserve (Fed) did not surprise the market and continued to cut interest rates by 25 basis points. Inflation remains higher than expected, the growth rate of the U.S. is around 3%, and a strong labor market could not prevent this organization from cutting interest rates.
As is known, headline inflation in the U.S. has also increased again over the past 3 months, rising from 2.4% to 2.7%. Core inflation has also exceeded 3% for 43 months.
Due to these circumstances, many analysts and even some former and current Fed branch presidents have stated that it would be more reasonable to raise interest rates or at least not cut them. Ultimately, Esther George, former president of the Kansas Fed branch, said: 'At the very least, there should be no interest rate cuts.'
However, all these comments did not slow the organization’s progress. The Fed completed the year with a total cut of 100 basis points after cutting 50 basis points in September and 25 basis points in November.
The probability of 'holding steady' in January is 90 percent.
On the other hand, the Fed's dot plot is interpreted as 'hawkish'. Expectations for monetary expansion in 2025 in the swap market have decreased. The decision to cut interest rates was passed with 11 votes in favor and 1 against. The President of the Cleveland Fed disagreed and said: 'Let’s keep interest rates stable.'
#binancesquares #BTCUSDT
The U.S. Federal Reserve (Fed) acted in line with market expectations and cut interest rates by 25 basis points. As a result, the organization completed the year 2024 with a total cut of 100 basis points.
The Federal Reserve (Fed) did not surprise the market and continued to cut interest rates by 25 basis points. Inflation remains higher than expected, the growth rate of the U.S. is around 3%, and a strong labor market could not prevent this organization from cutting interest rates.
As is known, headline inflation in the U.S. has also increased again over the past 3 months, rising from 2.4% to 2.7%. Core inflation has also exceeded 3% for 43 months.
Due to these circumstances, many analysts and even some former and current Fed branch presidents have stated that it would be more reasonable to raise interest rates or at least not cut them. Ultimately, Esther George, former president of the Kansas Fed branch, said: 'At the very least, there should be no interest rate cuts.'
However, all these comments did not slow the organization’s progress. The Fed completed the year with a total cut of 100 basis points after cutting 50 basis points in September and 25 basis points in November.
The probability of 'holding steady' in January is 90 percent.
On the other hand, the Fed's dot plot is interpreted as 'hawkish'. Expectations for monetary expansion in 2025 in the swap market have decreased. The decision to cut interest rates was passed with 11 votes in favor and 1 against. The President of the Cleveland Fed disagreed and said: 'Let’s keep interest rates stable.'
#binancesquares #BTCUSDT
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Share #binancesquares and join #btc to gain more speculative opinions in the near future. Please follow me so you don't miss important news. While you sleep, I may be reading the news for you. 😋, so don't forget to tip me if you get useful information, thank you, I'm zekingvn . 😎
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Update $BTC :
As of today, September 26, 2024, the price of Bitcoin is around $65,400. Over the past 90 days, the price of Bitcoin has fluctuated between $53,508 and $68,608. Technically, the current trend is showing a positive recovery, with predictions that the price could rise to $74,000 in the short term.
#binancesquares #Write2Earn! #btc
$BTC
As of today, September 26, 2024, the price of Bitcoin is around $65,400. Over the past 90 days, the price of Bitcoin has fluctuated between $53,508 and $68,608. Technically, the current trend is showing a positive recovery, with predictions that the price could rise to $74,000 in the short term.
#binancesquares #Write2Earn! #btc
$BTC
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#BitcoinKeyZone
Vietnam ranks 4th in cryptocurrency ownership rate with global awareness reaching 93%
Vietnam is currently ranked 4th globally in cryptocurrency ownership, with about 21.2% of the population participating in this market. According to 2023 statistics, nearly 20.95 million people own cryptocurrency. The countries ranked above Vietnam are India, China, and the USA.
Several factors have driven the popularity of cryptocurrency in Vietnam. First, the accessible mindset and the desire to increase assets through airdrop programs have attracted more participants. Second, the absence of a clear legal framework has led to cryptocurrency investments in Vietnam being untaxed, facilitating easier ownership of digital assets for the populace without many obstacles. Furthermore, investing in cryptocurrency is viewed as a way to counteract inflation, alongside traditional investment channels such as gold or real estate.
Vietnam is also one of the fastest-growing markets in the cryptocurrency sector, showing rapid increases in the adoption and investment in these digital assets.
🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳
#binancesquares #binance2024
$BTC $ETH $BNB
Vietnam ranks 4th in cryptocurrency ownership rate with global awareness reaching 93%
Vietnam is currently ranked 4th globally in cryptocurrency ownership, with about 21.2% of the population participating in this market. According to 2023 statistics, nearly 20.95 million people own cryptocurrency. The countries ranked above Vietnam are India, China, and the USA.
Several factors have driven the popularity of cryptocurrency in Vietnam. First, the accessible mindset and the desire to increase assets through airdrop programs have attracted more participants. Second, the absence of a clear legal framework has led to cryptocurrency investments in Vietnam being untaxed, facilitating easier ownership of digital assets for the populace without many obstacles. Furthermore, investing in cryptocurrency is viewed as a way to counteract inflation, alongside traditional investment channels such as gold or real estate.
Vietnam is also one of the fastest-growing markets in the cryptocurrency sector, showing rapid increases in the adoption and investment in these digital assets.
🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳🇻🇳
#binancesquares #binance2024
$BTC $ETH $BNB
🚨 CRYPTO ALERT. Don't Panic. Here's Why:
📈 Bitcoin's Resilience:
$BTC Bitcoin faced a weekend sell-off but found support near its all-time high. This is good #news, showing strong buyer interest.
🔄 Halving Impact:
Historically, Bitcoin doesn't shine right after halvings. But patience could pay off as the cycle progresses.
📉 Altcoin Struggles:
While altcoins face challenges, Bitcoin has outperformed major assets this year. It's up 58%, beating gold and stock indices.
🔄 Market Cycles:
After halvings, Bitcoin often goes sideways or slightly down before rallying. Central banks' dovish policies could boost Bitcoin further.
🛒 Smart Investing:
Buy during bear markets and be cautious during bull markets. #DCA ( Dollar-cost averaging) shows consistent growth, proving Bitcoin's long-term potential.
🔔 Stay Informed:
Knowledge is power. Use resources like #binancesquares to understand the crypto market better.
Remember, in crypto, it's about the long game. Stay calm, informed, and patient for the best results!
📈 Bitcoin's Resilience:
$BTC Bitcoin faced a weekend sell-off but found support near its all-time high. This is good #news, showing strong buyer interest.
🔄 Halving Impact:
Historically, Bitcoin doesn't shine right after halvings. But patience could pay off as the cycle progresses.
📉 Altcoin Struggles:
While altcoins face challenges, Bitcoin has outperformed major assets this year. It's up 58%, beating gold and stock indices.
🔄 Market Cycles:
After halvings, Bitcoin often goes sideways or slightly down before rallying. Central banks' dovish policies could boost Bitcoin further.
🛒 Smart Investing:
Buy during bear markets and be cautious during bull markets. #DCA ( Dollar-cost averaging) shows consistent growth, proving Bitcoin's long-term potential.
🔔 Stay Informed:
Knowledge is power. Use resources like #binancesquares to understand the crypto market better.
Remember, in crypto, it's about the long game. Stay calm, informed, and patient for the best results!
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The United States (US) central bank, the Federal Reserve (Fed), surprised the world by cutting its benchmark interest rate by 50 basis points (bps) to 4.75-5.0% on September 18, 2024 at 18 UTC (01 Vietnam time).
The 50 basis point cut was larger than the market expectation of just 25 basis points. This was the first cut since March 2020, or four years ago, when the Covid-19 pandemic began.
As is known, the Fed raised interest rates by 525 basis points from March 2022 to July 2023. They then kept the interest rate unchanged at 5.25-5.50% from September 2023 to August 2024, or more than a year.
Under the decision of the FED, Bitcoin is now responding positively to increase to $ 62,000.
Financial experts are all debating and discussing the future of stocks, cryptocurrencies and finance.
Is this a positive signal for the crypto market?
#binancesquares #Write2Earn! #btc $BTC
The 50 basis point cut was larger than the market expectation of just 25 basis points. This was the first cut since March 2020, or four years ago, when the Covid-19 pandemic began.
As is known, the Fed raised interest rates by 525 basis points from March 2022 to July 2023. They then kept the interest rate unchanged at 5.25-5.50% from September 2023 to August 2024, or more than a year.
Under the decision of the FED, Bitcoin is now responding positively to increase to $ 62,000.
Financial experts are all debating and discussing the future of stocks, cryptocurrencies and finance.
Is this a positive signal for the crypto market?
#binancesquares #Write2Earn! #btc $BTC
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Update $BTC September 21:
The current Bitcoin price is hovering around $62,900.13. Over the past 24 hours, the Bitcoin price has fluctuated between $62,346.68 and $64,126.30. The Bitcoin market cap is at $1.24 trillion, and the trading volume over the past 24 hours is around $31.75 billion (Coinmarket)
Personally, I think Bitcoin could rise a little more due to the rate cut, but it could face a slight pullback.
#binancesquares #Write2Earn! #btc
$BTC
The current Bitcoin price is hovering around $62,900.13. Over the past 24 hours, the Bitcoin price has fluctuated between $62,346.68 and $64,126.30. The Bitcoin market cap is at $1.24 trillion, and the trading volume over the past 24 hours is around $31.75 billion (Coinmarket)
Personally, I think Bitcoin could rise a little more due to the rate cut, but it could face a slight pullback.
#binancesquares #Write2Earn! #btc
$BTC
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Update $BTC :
As of the end of September 2024, the price of Bitcoin fluctuated between $62,500 and $64,000. This period was quite stable after the Halving event in April 2024, when the mining reward was reduced to 3.125 BTC. Despite the volatility before that, the price of Bitcoin remained stable due to factors such as institutional interest and regulatory developments.
#binancesquares #Write2Earn! #btc
$BTC
As of the end of September 2024, the price of Bitcoin fluctuated between $62,500 and $64,000. This period was quite stable after the Halving event in April 2024, when the mining reward was reduced to 3.125 BTC. Despite the volatility before that, the price of Bitcoin remained stable due to factors such as institutional interest and regulatory developments.
#binancesquares #Write2Earn! #btc
$BTC
Here are 11 altcoins poised for potential growth in the next crypto bull run:
- ETHENA ($ENA )
- Polkadot ($DOT )
- Avalanche ($AVAX )
- Polygon ( $MACTIC)
- Cardano ($ADA)
- Fantom ($FTM)
- Cosmos ($ATOM)
- Algorand ($ALGO)
- NEAR Protocol ($NEAR)
- Mina Protocol ($MINA)
- Goldfinch ($GMX)
These coins have the potential for significant gains, ranging from 10-50x, as the market enters a bullish phase!
#Memecoins #binancesquares #SHIBA🔥 #BinanceSquareVietnam #BTC🔥🔥🔥🔥🔥🔥
- ETHENA ($ENA )
- Polkadot ($DOT )
- Avalanche ($AVAX )
- Polygon ( $MACTIC)
- Cardano ($ADA)
- Fantom ($FTM)
- Cosmos ($ATOM)
- Algorand ($ALGO)
- NEAR Protocol ($NEAR)
- Mina Protocol ($MINA)
- Goldfinch ($GMX)
These coins have the potential for significant gains, ranging from 10-50x, as the market enters a bullish phase!
#Memecoins #binancesquares #SHIBA🔥 #BinanceSquareVietnam #BTC🔥🔥🔥🔥🔥🔥
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The latest update on the leading cryptocurrency has turned positive, as BTC has returned above $63,000 after the Fed cut interest rates. The asset struggled throughout August and September for a myriad of reasons. However, the trend appears to be changing for Bitcoin as October approaches.
#binancesquares #Write2Earn! #btc
$BTC
#binancesquares #Write2Earn! #btc
$BTC
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$BTC
Bitcoin could rise as high as $212,651.58 from now until 2030.
The potential ROI of buying Bitcoin at the current price of $103,104.40 is +106.00%, The all-time high of Bitcoin is $103.67K.
Bitcoin has fluctuated +7.66% in the last 24 hours and +7.92% in the last 7 days
#binancesquares
Bitcoin could rise as high as $212,651.58 from now until 2030.
The potential ROI of buying Bitcoin at the current price of $103,104.40 is +106.00%, The all-time high of Bitcoin is $103.67K.
Bitcoin has fluctuated +7.66% in the last 24 hours and +7.92% in the last 7 days
#binancesquares
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Tonight, the $BTC market promises to have big fluctuations, everyone should be ready for any situation!
Many people are betting quite big, with more than 60% believing that the FED will cut interest rates by 50 basis points. However, there are signs that the crypto market has begun to feel insecure, many investors have taken the opportunity to sell before the official information is announced.
Tonight will be a remarkable trading session, with many events that the market is waiting for. Interest rates are no longer the only focus, but the following issues are really worth watching:
• What is the FED's plan for long-term interest rates until 2025?
• The FED's view on the economic situation and inflation.
• Is the FED ready to adjust policy and make moves to cut interest rates and loosen monetary policy?
These factors will have a strong impact, especially on the crypto market.
#binancesquares #Write2Earn! #btc
$BTC
Many people are betting quite big, with more than 60% believing that the FED will cut interest rates by 50 basis points. However, there are signs that the crypto market has begun to feel insecure, many investors have taken the opportunity to sell before the official information is announced.
Tonight will be a remarkable trading session, with many events that the market is waiting for. Interest rates are no longer the only focus, but the following issues are really worth watching:
• What is the FED's plan for long-term interest rates until 2025?
• The FED's view on the economic situation and inflation.
• Is the FED ready to adjust policy and make moves to cut interest rates and loosen monetary policy?
These factors will have a strong impact, especially on the crypto market.
#binancesquares #Write2Earn! #btc
$BTC
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👋Stop loss is what makes the difference.
One of the most difficult actions when trading is stopping loss. Very few people are willing to suffer the pain of losing money, but they don't know, they could lose 3-5 times that amount if they don't exit the order soon.
But where is the stop loss? It's actually quite easy to identify, they are resistance and support zones. These zones are fully analyzed by users on the Binance Square newsletter. They often fall into Fibonacci, Elliot Wave, Trendlines...
When the price breaks these zones, there is a very high possibility that it will go straight. At this time, you have to bite the bullet and stop loss, because the price can go very far, you can't play the spiritual system and pray for it to come back. It's better to cut losses to find another opportunity than to get stuck and lose a lot of opportunities.
My own experience is that when you see the price increase/decrease in a ladder pattern on all time frames 1D, 4h, 1h, 15m, the risk of exceeding the mark is very high.
Stop loss is something everyone can proactively do and know how to do. While the desire to correctly guess the market trend is more of a matter of luck.
Having said that, this skill requires a lot of practice, even pros sometimes make unreasonable mistakes. An attitude of constant regret is very bad in trading.
#binancesquares
#stoploss
#newbies
One of the most difficult actions when trading is stopping loss. Very few people are willing to suffer the pain of losing money, but they don't know, they could lose 3-5 times that amount if they don't exit the order soon.
But where is the stop loss? It's actually quite easy to identify, they are resistance and support zones. These zones are fully analyzed by users on the Binance Square newsletter. They often fall into Fibonacci, Elliot Wave, Trendlines...
When the price breaks these zones, there is a very high possibility that it will go straight. At this time, you have to bite the bullet and stop loss, because the price can go very far, you can't play the spiritual system and pray for it to come back. It's better to cut losses to find another opportunity than to get stuck and lose a lot of opportunities.
My own experience is that when you see the price increase/decrease in a ladder pattern on all time frames 1D, 4h, 1h, 15m, the risk of exceeding the mark is very high.
Stop loss is something everyone can proactively do and know how to do. While the desire to correctly guess the market trend is more of a matter of luck.
Having said that, this skill requires a lot of practice, even pros sometimes make unreasonable mistakes. An attitude of constant regret is very bad in trading.
#binancesquares
#stoploss
#newbies
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X EMPIRE (TOKEN X)
X Empire is a tap to earn token that will pay Airdrop on October 24, 2024 and will be listed on OKX, Bybit, and is expected to be listed on Binance. Although the peak price in the Pre-Market market is 0.006 and there has been a huge price drop, it is currently priced at 0.00027xx for 1 X token. However, this is an opportunity to own and buy at the sell-off price to prepare for the uptober in the bullish market. THIS IS NOT FINANCIAL ADVICE.
#XEMPIRE #Uptober #bullish #binancesquares #premarket
X Empire is a tap to earn token that will pay Airdrop on October 24, 2024 and will be listed on OKX, Bybit, and is expected to be listed on Binance. Although the peak price in the Pre-Market market is 0.006 and there has been a huge price drop, it is currently priced at 0.00027xx for 1 X token. However, this is an opportunity to own and buy at the sell-off price to prepare for the uptober in the bullish market. THIS IS NOT FINANCIAL ADVICE.
#XEMPIRE #Uptober #bullish #binancesquares #premarket