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The price of Cardano has made a bearish divergence with the Moving Average Convergence Divergence (MACD) indicator on the daily chart. The MACD indicator measures momentum. When the MACD's direction doesn't match the price movement, this is called a bearish divergence. $ADA
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Miners of Bitcoin (BTC) have switched to a more cautious strategy, selling off part of their coins in order to make a profit. From the beginning of September, on-chain data has shown that miner balances have been trending downward steadily.
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Spot Bitcoin exchange-traded funds (ETFs) have been an attraction for institutional investors since their introduction to the US market in January 2024. Bitcoin can be directly included in the portfolio through these exchange-traded funds (ETFs), which eliminates the complications associated with direct purchase and secure storage.
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The Federal Reserve’s potential decision to cut interest rates by 50 basis points at its upcoming meeting could have unintended consequences for Bitcoin.
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Well done to @Tokocrypto, a part of the #Binance group, for successfully obtaining a full license in Indonesia! 👏
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