**Crypto Markets Ride the Fed Wave: Arthur Hayes Weighs In**
- BitMEX co-founder Arthur Hayes thinks the Fed's recent rate cut is more about politics than economics. đ
- Speaking at Token2049 in Singapore, Hayes speculated the move aims to boost support for the Democrats.
- The US Central Bank slashed interest rates by 50 basis points on Sept. 18, sparking a 4% crypto market gain.
- Hayes predicts a delayed reaction, with real market moves expected after traditional markets close on Friday.
- Crypto markets have added $100 billion since the announcement, with BTC hitting $62,500.
- All eyes now on the Bank of Japan's rate decision on Sept. 20.
Source: Arthur Hayes
đ The Fed's 50 bps rate cut has sparked mixed reactions, but crypto markets are buzzing! Major coins like Solana's SOL (+6%), BNB, XRP, and Cardano's ADA are seeing gains. Bitcoin is trading near $62K, up 2.4% in 24 hours. đ
Despite the rally, experts like ByBitâs Chris Aruliah and Maelstromâs Arthur Hayes urge caution, highlighting economic uncertainties. Polymarket traders are betting on more rate cuts, with a 41% chance of a 100 bps cut by year-end.
Whatâs your take on the Fed's move? Will the crypto rally last? Drop your thoughts below! đŹ #CryptoNews #Bitcoin #FedRateCut
**Crypto Market Sees Gains Amid Fed Rate Cut đ**
- The Federal Reserve has cut rates by 50 basis points, aiming to bring the median benchmark rate to 4.4% by year-end.
- Major cryptocurrencies like Solana (SOL), BNB, XRP, and Cardano (ADA) saw gains, with SOL leading at a 6% increase.
- Bitcoin is trading near $62K, up 2.4% in the last 24 hours.
- Market sentiment remains mixed; some experts are skeptical about the sustainability of the rally.
- Traders on Polymarket are betting on further rate cuts, with a 41% chance of a 100 bps cut by year-end.
What are your thoughts on the Fed's rate cut and its impact on crypto? Share in the comments!
đ The Fed just cut rates by 50 bps, aiming for a 4.4% benchmark by year-end. Crypto market? Mixed feelings, but hey, SOL surged 6%! đ
Bitcoin's chilling near $62K, up 2.4%. Major players like BNB, XRP, and ADA are also on the rise. Even DOGE and SHIB joined the party with 4% gains. đ
Polymarket bets on more rate cuts, and traders are optimistic. But some experts warn of deeper issues. đ€
What do you think? Is this rally here to stay or just a sugar rush? Drop your thoughts below! đ #DeFi #Web3 #CryptoNews
**Fed Rate Cut Sparks Debate on Market Impact and Inflation**
BitMEX co-founder Arthur Hayes suggests the Federal Reserve's recent rate cut might be politically motivated. Speaking at Token2049 in Singapore, Hayes speculated that the move aims to boost support for Democrats, particularly Kamala Harris, ahead of the elections.
On September 18, the Fed cut interest rates by 50 basis points, a widely anticipated move. Hayes believes this could have significant implications for both traditional and crypto markets, potentially accelerating inflation and affecting economic stability.
Despite strong GDP growth and low unemployment, Hayes criticized the rate cut, arguing it contradicts concerns about government spending. He predicts a delayed market reaction, with crypto markets possibly following traditional financial markets' lead over the weekend.
Crypto markets have already seen a $100 billion gain since the announcement, with Bitcoin hitting a three-week high of $62,500. Hayes also pointed to the Bank of Japan's upcoming rate decision, suggesting a weaker yen could strengthen Bitcoin, while a stronger yen might pressure asset prices.
During his keynote, Hayes labeled the Fed's rate cut a "colossal mistake" amid rising US dollar issuance and government spending. He previously predicted a Bitcoin crash below $50,000, which didn't materialize, and later forecasted a Bitcoin rally.
Cointelegraph reached out to the Federal Reserve for comment but received no immediate response.
âš Future's Trading Advice for the Coming Week:
BTC next target is 64K only Long positions are recommended with trading 20% of your portfolio. Coins to highly target $PEPE , JASMY, $FLOKI , SHIB, $LUNC .
{spot}(PEPEUSDT)
The strategy is to always increase your TP price gradually.
Always trade with a 10% stop-loss taking into consideration the support and resistance level of the coins.
Entry should be at support level only, don't risk entries.
{spot}(FLOKIUSDT)
Be careful and keep an eye on BTC position. If you saw a drop below 61,800 lasting for more than 15 minutes, close your trades.
{spot}(LUNCUSDT)
All the information is clear GOOD LUCKđ„
Don't forget to follow and like for MORE exclusive Content đ„
#FOMC #fedinterest #futurestraders #altsesaon
đ
TrĂȘn con ÄÆ°á»ng phĂĄt triá»n máșĄnh của trend #AI , cháșŻc cháșŻn khĂŽng thá» thiáșżu dáș„u chĂąn của $ARKM
TĂnh áș©n danh vĂ quyá»n riĂȘng tÆ° lĂ những thứ luĂŽn ÄÆ°á»Łc Æ°u tiĂȘn trong thá»i ÄáșĄi nĂ y. Tuy nhiĂȘn, blockchain thĂŹ say no, nhiá»u cĂŽng nghá» ÄĂŁ ÄÆ°á»Łc phĂĄt triá»n vĂ ĂĄp dỄng trong má»i táș§ng lá»p xĂŁ há»i. Má»t trong sá» ÄĂł chĂnh lĂ ArkhamIntel .
Arkham cĂł má»t ná»n táșŁng gá»i lĂ "Arkham Intel Exchange" ÄÆ°á»Łc cung cáș„p bá»i cĂĄc smart contract Äá» cung cáș„p sá»± minh báșĄch vá» cĂĄc giao dá»ch blockchain.
LĂ má»t ná»n táșŁng check onchain nhÆ°ng táșĄi sao $ARKM láșĄi ÄÆ°á»Łc liá»t vĂ o danh mỄc AI?
Bá»i vĂŹ nĂł sá» dỄng cĂĄc thuáșt toĂĄn AI Äá» liĂȘn káșżt cĂĄc Äá»a chá» vĂ onchain vá»i nhau, thu tháșp, xá» lĂœ, phĂąn tĂch data onchain.
Má»t sá» ngÆ°á»i sợ ráș±ng nĂł sáșœ vi pháșĄm quyá»n riĂȘng tÆ° cĂĄ nhĂąn. NhÆ°ng ngay cáșŁ nhÆ° váșy, $ARKM áș«n trá» thĂ nh dá»± ĂĄn launchpad cuá»i cĂčng trĂȘn #Binance.
$BNX /USDT
Identifying Support and Resistance in Trading
In technical analysis, support and resistance are key concepts traders use to understand price movement and make informed decisions. Support refers to a price level where an asset tends to find buying interest as it falls, preventing the price from dropping further. When the price reaches this level, it typically "bounces" as demand increases. On the other hand, resistance is a price level where selling interest emerges, preventing further price increases, causing the price to reverse downward.
Traders often identify these levels by examining historical price charts, looking for areas where the price has repeatedly stopped falling (support) or rising (resistance). These levels can be horizontal or dynamic (trend lines). Once identified, support and resistance levels help traders predict potential price movements and develop strategies. For instance, traders may buy at support levels and sell near resistance, or wait for a breakout when the price moves beyond these key levels.
Understanding how to spot support and resistance is essential for managing risk and optimizing entry and exit points in trading, making it a cornerstone for many traders in volatile markets.
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{spot}(BNXUSDT)
đšđ„ 14,257 ETH ($22M+) Whale Splash! Massive Transfer to Coinbase â Market Shakeup Incoming? đ„đ
In a jaw-dropping move just 37 seconds ago, a whale transferred a staggering 14,257 ETH (valued at over $22 million USD) to a Coinbase wallet, sending shockwaves through the Ethereum community! The transfer came from address 0x7a4cfd...713b8a70 directly to **0xb5d85c...2f43f511 on Coinbase.
Transaction Breakdown:
- Blockchain: Ethereum
- Timestamp: Thu, 19 Sep 2024, 05:52:23 UTC
- Transaction Hash: `0xd3d39aa7...985ffe9830`
- Transaction Fee: Just 0.0002921 ETH (~$0.70 USD)
Why This Matters:
- Whale Alert: This massive 14,257 ETH transfer could indicate upcoming trading action, whether it's a big sell-off, a purchase, or an institutional shift. đđž
- Coinbase Involvement: With the ETH landing in a Coinbase wallet, this might suggest preparation for high-volume trading or market reshuffling on one of the biggest exchanges.
- Potential Market Impact: Such large moves often lead to price swings, signaling opportunities or turbulence ahead. đ
This is definitely a move to watch closely! Are we on the verge of a major Ethereum market shakeup? Stay tuned! đ #EthereumWhale #CoinbaseTransfer #CryptoMarket
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$BTC looks steady today, sitting at $61,902 with a small gain of +0.23%.
The support level around $58,000 has held strong, and the price is now pushing upwards. The RSI is at 68.10, close to the overbought zone. If the upward movement continues, the next target could be around $62,500.
However, if momentum fades, $60,000 might act as the next support level.
Keep an eye on Bitcoin's movement, especially with it nearing overbought levels!đâïž
#Token2049 #FOMC #BTCâ #Write2Earn! #Saminakhan