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📊 #Bitcoin and the broader #cryptomarket remain volatile ahead of the US GDP report release.
$BTC is hovering around $60,670, with most top cryptocurrencies in the red.
A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
#Marketupdate #TrendingTopic
$BTC is hovering around $60,670, with most top cryptocurrencies in the red.
A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
#Marketupdate #TrendingTopic
📉 WILL BTC FALL TO $50k DUE TO DOUBLE TOP PATTERN?📉☠
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action:
This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation:
The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors:
While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact:
Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures:
Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE and stay updated on the matter!
#doubletop #markettrends #bitcoincrash #markettrends #cryptomarket
$BTC $ETH $BNB
Bitcoin has carved out a double-top pattern, a classic bearish signal, suggesting a potential downward correction. Key upcoming data could impact the Fed's interest rate decisions, influencing market trends.
💥 Volatile Price Action:
This month has seen Bitcoin's price surge near $70,000, approaching its all-time high from March, only to retreat to $63,000. This decline contrasts with Nasdaq's upward movement and is attributed to faster miner selling, investor profit-taking, and outflows from U.S.-listed spot ETFs.
📉 Double Top Formation:
The double-top pattern, characterized by two peaks with a valley in between, indicates uptrend exhaustion. Breaking below the valley's low point confirms a bearish trend. Markus Thielen from 10x Research noted, "Bitcoin follows a double top formation. This could see a drop to $50,000—if not $45,000."
📊 Potential Bullish Factors:
While the U.S. election and CPI might boost Bitcoin later this year, a steeper correction is still possible. The Fed's preferred inflation gauge, the PCE price index, due this Friday, could offer relief by cementing the case for renewed Fed rate cuts from September.
🔍 Economic Data Impact:
Recent strong economic data has pushed bond yields higher and precious metals lower, hindering digital hard assets like crypto. Greg Magadini from Amberdata emphasized, "This week, multiple Fed Governors speak, GDP figures, and most importantly, the PCE on Friday could significantly influence the market."
📈 Expected PCE Figures:
Economists anticipate no change in the PCE price index and a modest 0.1% increase in the core PCE, translating to 2.6% annual advances in both headline and core figures. The projected core increase, excluding food and energy, would be the smallest since March 2021.
Follow @Professor Mende - Founder of BONUZ Project - in Dubai UAE and stay updated on the matter!
#doubletop #markettrends #bitcoincrash #markettrends #cryptomarket
$BTC $ETH $BNB
Hong Kong parliament sets up crypto legislative subcommittee
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Johnny Ng, a Hong Kong lawmaker, said his office is collecting policy feedback from the global Web3 industry.
Hong Kong’s Legislative Council recently set up a subcommittee to handle issues related to crypto and Web3.
Johnny Ng, a Hong Kong lawmaker, said his team is collecting policy feedback from the global Web3 industry following the establishment of a crypto subcommittee under the Legislative Council.
Ng wrote in an X post on Saturday that the Hong Kong parliament has recently set up a subcommittee on Web3 and virtual asset development. “My office seeks to gather insights from the global Web3 industry, propose policy recommendations, and discuss the future direction of the industry in Hong Kong,” he said.
#HongKong2024 #Bitcoin #cryptomarket #Binance #CryptoNews
Claim Instnat 150,000 CATCOIN2 Tokens Worth Of $150 USDT Free At WWW. CATCOIN2 .FUN catcoin2.fun/
Johnny Ng, a Hong Kong lawmaker, said his office is collecting policy feedback from the global Web3 industry.
Hong Kong’s Legislative Council recently set up a subcommittee to handle issues related to crypto and Web3.
Johnny Ng, a Hong Kong lawmaker, said his team is collecting policy feedback from the global Web3 industry following the establishment of a crypto subcommittee under the Legislative Council.
Ng wrote in an X post on Saturday that the Hong Kong parliament has recently set up a subcommittee on Web3 and virtual asset development. “My office seeks to gather insights from the global Web3 industry, propose policy recommendations, and discuss the future direction of the industry in Hong Kong,” he said.
#HongKong2024 #Bitcoin #cryptomarket #Binance #CryptoNews
#XRP insights! The consolidation phase is clear, and I anticipate a breakout soon.
The $0.6 mark is a reasonable target for the upcoming rally, which might be followed by a brief correction.
Nevertheless, the long-term outlook suggests a significant upside move, making XRP a promising asset for traders and investors!
#XRP #cryptomarket
The $0.6 mark is a reasonable target for the upcoming rally, which might be followed by a brief correction.
Nevertheless, the long-term outlook suggests a significant upside move, making XRP a promising asset for traders and investors!
#XRP #cryptomarket
Market insights!
#TON price action is telling a story of resilience and strength. Up 0.74% in the past 24hrs, it's currently trading at $7.129.
The narrow price range of $7.071 to $7.27 suggests a potential breakout, as buyers and sellers are evenly matched.
Will TON's next move be a breakout or a retracement?
Keep an eye on this space!
#TON #cryptomarket
#TON price action is telling a story of resilience and strength. Up 0.74% in the past 24hrs, it's currently trading at $7.129.
The narrow price range of $7.071 to $7.27 suggests a potential breakout, as buyers and sellers are evenly matched.
Will TON's next move be a breakout or a retracement?
Keep an eye on this space!
#TON #cryptomarket
#crypto2023 trends:-
Until now the crypto market has been in the bearish tend and other than #sbf destroying the market, there hasn't been any trends in the #cryptomarket . But what I feel is NFT is going to be in trends this #2023 . This is my #NFT
Until now the crypto market has been in the bearish tend and other than #sbf destroying the market, there hasn't been any trends in the #cryptomarket . But what I feel is NFT is going to be in trends this #2023 . This is my #NFT
Some advices for #cryptomarket followers:
#VitalikButerin :
Do focus on technology, not the price‼️
#CZ :
Don’t take shortcuts, build steadily‼️
#Cryptourist :
Do not trade unless you have Risk Management and Strategy‼️
#VitalikButerin :
Do focus on technology, not the price‼️
#CZ :
Don’t take shortcuts, build steadily‼️
#Cryptourist :
Do not trade unless you have Risk Management and Strategy‼️
#Bitcoin Fear and Greed Index is 48 - Neutral
Current price: $21,630
#cryptomarket #cryptotrading ,#Binance #pumpanddump
Current price: $21,630
#cryptomarket #cryptotrading ,#Binance #pumpanddump
Support for #BNBChain is live on the arkhamintel platform!
#ArkhamIntelligence is a platform which deanonymizes the real world institutions and individuals behind #cryptomarket activity.
#ArkhamIntelligence is a platform which deanonymizes the real world institutions and individuals behind #cryptomarket activity.
BTC is resting on $24600-700 since morning.. 🤣🤣🤪
Weekend laziness is favorite thing of #bitcoin #cryptomarket #cryptomeme #cryptotrading
Weekend laziness is favorite thing of #bitcoin #cryptomarket #cryptomeme #cryptotrading
Another attempt to break that downtrend channel on #SPX 🔥
Breakout wouldn't mean #bullmarket , but it would be definitely positive sign for the #cryptomarket 🔥
Let's go🚀
Breakout wouldn't mean #bullmarket , but it would be definitely positive sign for the #cryptomarket 🔥
Let's go🚀
Fear & Greed Index now Greed 61 😍 Crypto market sentiments #bullorbear #marketupdate #cryptomarket #fear #greed
SAND has important support in the price area of 0.642-0.668 dollars. If the price can break the dynamic resistance, the price targets are the specified resistances.
#sandbox #cryptomarket #price #analysis #marketupdate
#sandbox #cryptomarket #price #analysis #marketupdate
The liquidity gap left by the collapse of #FTX and #Alameda, which we dubbed the “Alameda Gap,” has persisted into February, with #BTC market depth still well below its November levels ‼️👀
#CryptoNews #cryptomarket #ETH #Bitcoin
#CryptoNews #cryptomarket #ETH #Bitcoin
Good morning crypto enthusiasts! 🌞Remember, market ups and downs are just temporary. Keep your focus on your long-term strategy and keep HODLing 💪🚀 #crypto #cryptomarket
The #Bitcoin network's hashrate took a significant hit this week, falling over 38.8% from its peak as harsh winter conditions forced U.S.-based miners to shut down operations.
#bitcoinmining #cryptomarket
#bitcoinmining #cryptomarket
