MarketForecast
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XAUUSD is moving within the 2,500.00–2,530.00 range
#MarketForecast #BinanceSquareFamily #BNB #MarketImpact #Binance
General outlook
XAUUSD has been under buying pressure within the last couple of hours.
Support levels are now located at 2,500.00 and 2,477.00.
Now, the resistance level is located at 2,530.00.Analysts recommend opening a Buy order with a stop loss below the previous low.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
#MarketForecast #BinanceSquareFamily #BNB #MarketImpact #Binance
General outlook
XAUUSD has been under buying pressure within the last couple of hours.
Support levels are now located at 2,500.00 and 2,477.00.
Now, the resistance level is located at 2,530.00.Analysts recommend opening a Buy order with a stop loss below the previous low.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
✅EUR_CAD is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 1.5138
LONG🚀
#euro #Binance #MarketSentimentToday #MarketForecast
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 1.5138
LONG🚀
#euro #Binance #MarketSentimentToday #MarketForecast
In the four-hour chart, it continues to oscillate, with the Bollinger Bands compressing and opening in a sideways state. The structural oscillation combined with the support of the middle band indicates that the coin price is in a phase of consolidation and poised for a move. Currently, the upper resistance is around the 61000 area. Today, encountering the Friday change point, the main strategy revolves around operating within the upper and middle bands of the four-hour Bollinger Bands.
#MarketSentimentToday #MarketForecast #BTC #Binance #Ethereum
#MarketSentimentToday #MarketForecast #BTC #Binance #Ethereum
Bitcoin awaits Powell’s Jackson Hole speech
#MarketSentimentToday #bitcoin #btcupdates2024 #CryptoNewss
#MarketForecast
BTCUSD
Bitcoin (BTC) moved sideways on Thursday after reaching $61,000 on Wednesday following the release of the Federal Open Market Committee (FOMC) minutes.
Possible effects for traders
According to the FOMC minutes, the Federal Reserve (Fed) will likely ease monetary policy at its next meeting, contingent on upcoming data meeting expectations. The minutes also revealed that some policymakers favoured a 25-basis-point rate cut at the July meeting. However, the Fed ultimately decided to keep rates unchanged. As a result, the U.S. Dollar Index (DXY) hit new lows for 2024. Fluctuations in the DXY can influence BTC, as a weakening U.S. dollar (USD) often leads investors to turn to alternative assets like Bitcoin, driving its value higher.On the other hand, global liquidity (M2) is on an upward trend. M2 represents the total money supply within the global economy, encompassing checking accounts, savings accounts, and other liquid assets that can be easily converted to cash. Typically, risk assets like Bitcoin tend to correlate positively with increasing liquidity. The connection between Bitcoin's price and M2 rise signals broader market sentiment and economic conditions. It indicates a loose monetary policy and a growing money supply, often supporting risk assets such as cryptocurrencies. As Cryptonary noted, ‘BTC is the most sensitive asset to liquidity. Historically, a 10% increase in global liquidity has corresponded to a 40% increase in Bitcoin's price’.BTCUSD rose during the Asian and early European trading sessions. Today, all eyes will be on Fed Chair Jerome Powell's speech at the Jackson Hole symposium due at 2:00 p.m. UTC. Powell's comments may cause market volatility, particularly in risk-sensitive assets like Bitcoin. Unlike traditional trading instruments such as stocks and currencies, Bitcoin will continue to react to Friday's news events over the weekend.
#MarketSentimentToday #bitcoin #btcupdates2024 #CryptoNewss
#MarketForecast
BTCUSD
Bitcoin (BTC) moved sideways on Thursday after reaching $61,000 on Wednesday following the release of the Federal Open Market Committee (FOMC) minutes.
Possible effects for traders
According to the FOMC minutes, the Federal Reserve (Fed) will likely ease monetary policy at its next meeting, contingent on upcoming data meeting expectations. The minutes also revealed that some policymakers favoured a 25-basis-point rate cut at the July meeting. However, the Fed ultimately decided to keep rates unchanged. As a result, the U.S. Dollar Index (DXY) hit new lows for 2024. Fluctuations in the DXY can influence BTC, as a weakening U.S. dollar (USD) often leads investors to turn to alternative assets like Bitcoin, driving its value higher.On the other hand, global liquidity (M2) is on an upward trend. M2 represents the total money supply within the global economy, encompassing checking accounts, savings accounts, and other liquid assets that can be easily converted to cash. Typically, risk assets like Bitcoin tend to correlate positively with increasing liquidity. The connection between Bitcoin's price and M2 rise signals broader market sentiment and economic conditions. It indicates a loose monetary policy and a growing money supply, often supporting risk assets such as cryptocurrencies. As Cryptonary noted, ‘BTC is the most sensitive asset to liquidity. Historically, a 10% increase in global liquidity has corresponded to a 40% increase in Bitcoin's price’.BTCUSD rose during the Asian and early European trading sessions. Today, all eyes will be on Fed Chair Jerome Powell's speech at the Jackson Hole symposium due at 2:00 p.m. UTC. Powell's comments may cause market volatility, particularly in risk-sensitive assets like Bitcoin. Unlike traditional trading instruments such as stocks and currencies, Bitcoin will continue to react to Friday's news events over the weekend.
USD JPY is moving within the 145.830–150.900 range
#MarketSentimentToday #MarketForecast #USDT。 #tradingtechnique #TradingSecrets
General outlook
USDJPY has been trading in a sideways market within the last day.
Support levels are now located at 145.830 and 141.900.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 150.900.The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
#MarketSentimentToday #MarketForecast #USDT。 #tradingtechnique #TradingSecrets
General outlook
USDJPY has been trading in a sideways market within the last day.
Support levels are now located at 145.830 and 141.900.
If the pair rebounds from the support level, analysts recommend opening a Buy order with a take profit at the nearest resistance level. In case the breakout is confirmed, analysts suggest opening a Sell order.
Now, the resistance level is located at 150.900.The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
Stable Coin Market Surges $2.21 Billion in a Week as Tether, PYUSD lead the way
#Stablecoins #Write2Earn! #Binance #tether #MarketForecast
$BTC
$ETH
$USDC
The Stablecoin market has seen significant growth recently, expanding by $2.21 billion in around a week between August 9 and August 18. Tether, the cryptocurrency stable coin, was at the core of this increase, contributing 1.26 billion USDT to its supply, which now represents 69.4 per cent of the $168.42 billion stablecoin market. This marks a splendid 2.9 per cent growth for Tether in the last 30 days.
On the other hand, the PayPal-backed PYUSD stablecoin has also witnessed impressive growth. Within just ten days, PYUSD's supply surged by as much as $140.9 million, turning it into the sixth largest stable coin, with a market cap reaching $828.86 million as of August 18. This represents an eye-catching 41.5 per cent surge in PYUSD's supply since mid-July 2024.
Performance of other stablecoins: key observations
In correlation, the performance of other major stablecoins was mixed. USD Coin (USDC) rose 3.3 per cent over the last month. Meanwhile, Makerdao's DAI saw a slight decrease of 1 per cent, and Ethena's USDE dropped by around 9.2 per cent, struggling to maintain its $3 billion market cap.
Further, First Digital's FDUSD experienced a notable 17.2 per cent rise in supply, contrasting with the stagnation seen in other stablecoins like Frax Dollar (FRAX) and True USD (TUSD), among others.
Several other smaller stablecoins also had shown varied results, with Alchemix USD (ALUSD) increasing by 1.1 per cent and Aave's GHO climbing by 19 per cent since July 19. However, Paxos' USDP and Gemini Dollar (GUSD) saw declines of 6.5 per cent and 6.9 per cent respectively.
Thus, the recent surge in the stablecoin market is mainly driven by Tether and PYUSD, indicating a growing desire for these coins within the broader crypto economy. As the market develops and evolves, the performance of these stablecoins will continue to shape the digital asset landscape.
$BTC
$ETH
$USDC
The Stablecoin market has seen significant growth recently, expanding by $2.21 billion in around a week between August 9 and August 18. Tether, the cryptocurrency stable coin, was at the core of this increase, contributing 1.26 billion USDT to its supply, which now represents 69.4 per cent of the $168.42 billion stablecoin market. This marks a splendid 2.9 per cent growth for Tether in the last 30 days.
On the other hand, the PayPal-backed PYUSD stablecoin has also witnessed impressive growth. Within just ten days, PYUSD's supply surged by as much as $140.9 million, turning it into the sixth largest stable coin, with a market cap reaching $828.86 million as of August 18. This represents an eye-catching 41.5 per cent surge in PYUSD's supply since mid-July 2024.
Performance of other stablecoins: key observations
In correlation, the performance of other major stablecoins was mixed. USD Coin (USDC) rose 3.3 per cent over the last month. Meanwhile, Makerdao's DAI saw a slight decrease of 1 per cent, and Ethena's USDE dropped by around 9.2 per cent, struggling to maintain its $3 billion market cap.
Further, First Digital's FDUSD experienced a notable 17.2 per cent rise in supply, contrasting with the stagnation seen in other stablecoins like Frax Dollar (FRAX) and True USD (TUSD), among others.
Several other smaller stablecoins also had shown varied results, with Alchemix USD (ALUSD) increasing by 1.1 per cent and Aave's GHO climbing by 19 per cent since July 19. However, Paxos' USDP and Gemini Dollar (GUSD) saw declines of 6.5 per cent and 6.9 per cent respectively.
Thus, the recent surge in the stablecoin market is mainly driven by Tether and PYUSD, indicating a growing desire for these coins within the broader crypto economy. As the market develops and evolves, the performance of these stablecoins will continue to shape the digital asset landscape.
Bitcoin Caught in a Tight Squeeze⏳
$BTC is forming a classic symmetrical triangle on the 4-hour chart. 📐 This pattern suggests a potential explosive move in either direction. 💥
If Bitcoin breaks above the upper trendline, we could see a bullish breakout. However, a breakdown below the lower trendline might signal a deeper correction. ⚠️
Which way will it break? 🤔 Let's see how this plays out! #Bitcoin #CryptoNewss #BTC☀ #TechnicalAnalysis #tradingtechnique #MarketForecast
$BTC is forming a classic symmetrical triangle on the 4-hour chart. 📐 This pattern suggests a potential explosive move in either direction. 💥
If Bitcoin breaks above the upper trendline, we could see a bullish breakout. However, a breakdown below the lower trendline might signal a deeper correction. ⚠️
Which way will it break? 🤔 Let's see how this plays out! #Bitcoin #CryptoNewss #BTC☀ #TechnicalAnalysis #tradingtechnique #MarketForecast
🌖 3AC Seeks $1.3B from Terraform Labs:
Three Arrows Capital (3AC) is seeking $1.3 billion in damages from Terraform Labs.
The claim alleges that Terraform Labs misled investors about the stability of its tokens, TerraUSD (UST) and Terra Luna (LUNA), leading to significant losses when the Terra ecosystem collapsed in May 2022.
This lawsuit follows 3AC's bankruptcy later that year and the ongoing legal troubles of Terraform Labs' co-founder Do Kwon.
#Market_Update #MarketForecast #Cryptostrophe #tradingtechnique #Binance
Three Arrows Capital (3AC) is seeking $1.3 billion in damages from Terraform Labs.
The claim alleges that Terraform Labs misled investors about the stability of its tokens, TerraUSD (UST) and Terra Luna (LUNA), leading to significant losses when the Terra ecosystem collapsed in May 2022.
This lawsuit follows 3AC's bankruptcy later that year and the ongoing legal troubles of Terraform Labs' co-founder Do Kwon.
#Market_Update #MarketForecast #Cryptostrophe #tradingtechnique #Binance
Spot Sellers are running out.
Next is short squeeze to CME bears.
#CMEBitcoinSpotTrading #SEC #MarketForecast #Binance #BinanceSquareFamily
Next is short squeeze to CME bears.
#CMEBitcoinSpotTrading #SEC #MarketForecast #Binance #BinanceSquareFamily
🔮📈 Novogratz's Bold Prediction: Bitcoin Set to Bounce Back Stronger after the next dip! 📉💥
Galaxy Digital CEO Mike Novogratz remains unwavering in his optimism for Bitcoin despite the recent market turbulence. In a recent post on X social media, he shrugged off the latest correction as a mere "risk fish," expressing confidence that Bitcoin will soon resume its upward trajectory after weathering the storm.
🌊 The recent market dip, triggered by escalating tensions in the Middle East following Iran's retaliatory strike on Israel, saw Bitcoin experience its most significant single-session drop since the collapse of Silicon Valley Bank (SVB).
💥 Novogratz's Take: Despite the uncertainty looming over geopolitical events, Novogratz remains hopeful for a peaceful resolution. He emphasizes the importance of maintaining calm and avoiding further escalation in the region.
💰 Looking Ahead: Novogratz's bullish outlook extends beyond the current market turmoil. He previously predicted Bitcoin's price to surpass $100,000 in 2024, citing the growing momentum in Bitcoin exchange-traded funds (ETFs) as a driving force behind his optimistic forecast.
📉 Market Dynamics: While Novogratz anticipates favorable micro-financial conditions for the cryptocurrency market, potential delays in interest rate cuts by the U.S. Federal Reserve due to inflation concerns and geopolitical tensions could pose temporary hurdles.
💡 Bottom Line: Despite short-term challenges, Novogratz's confidence in Bitcoin's long-term potential remains unshaken. As investors navigate through market volatility, staying informed and maintaining a long-term perspective are key to capitalizing on opportunities in the ever-evolving crypto landscape. 🚀💪 #BitcoinOptimism #MarketForecast #BullorBear #bitcoinhalving 🌐🔍$BTC $ETH $BNB
Galaxy Digital CEO Mike Novogratz remains unwavering in his optimism for Bitcoin despite the recent market turbulence. In a recent post on X social media, he shrugged off the latest correction as a mere "risk fish," expressing confidence that Bitcoin will soon resume its upward trajectory after weathering the storm.
🌊 The recent market dip, triggered by escalating tensions in the Middle East following Iran's retaliatory strike on Israel, saw Bitcoin experience its most significant single-session drop since the collapse of Silicon Valley Bank (SVB).
💥 Novogratz's Take: Despite the uncertainty looming over geopolitical events, Novogratz remains hopeful for a peaceful resolution. He emphasizes the importance of maintaining calm and avoiding further escalation in the region.
💰 Looking Ahead: Novogratz's bullish outlook extends beyond the current market turmoil. He previously predicted Bitcoin's price to surpass $100,000 in 2024, citing the growing momentum in Bitcoin exchange-traded funds (ETFs) as a driving force behind his optimistic forecast.
📉 Market Dynamics: While Novogratz anticipates favorable micro-financial conditions for the cryptocurrency market, potential delays in interest rate cuts by the U.S. Federal Reserve due to inflation concerns and geopolitical tensions could pose temporary hurdles.
💡 Bottom Line: Despite short-term challenges, Novogratz's confidence in Bitcoin's long-term potential remains unshaken. As investors navigate through market volatility, staying informed and maintaining a long-term perspective are key to capitalizing on opportunities in the ever-evolving crypto landscape. 🚀💪 #BitcoinOptimism #MarketForecast #BullorBear #bitcoinhalving 🌐🔍$BTC $ETH $BNB
Initially ridiculed, now they inquire about the strategy.
I experienced it firsthand.
I was branded "foolish" for buying Bitcoin at $15k, but it marked the market's bottom.
They unfollowed me, when I predicted a bounce at $50k; Now, they are just waiting for any pullback to get in.
The Truth is, many people are sidelined.
I foresee this Bitcoin cycle as the most significant, and the biggest and this will be liberating many of my followers financially.
Ignore at your peril; and you’ll waste this final crypto bull run.
Regrets will abound for those who delay and are not following me earlier.
#Write2Eam #CryptoInsights #MarketForecast #cryptoversehub
$BTC
I experienced it firsthand.
I was branded "foolish" for buying Bitcoin at $15k, but it marked the market's bottom.
They unfollowed me, when I predicted a bounce at $50k; Now, they are just waiting for any pullback to get in.
The Truth is, many people are sidelined.
I foresee this Bitcoin cycle as the most significant, and the biggest and this will be liberating many of my followers financially.
Ignore at your peril; and you’ll waste this final crypto bull run.
Regrets will abound for those who delay and are not following me earlier.
#Write2Eam #CryptoInsights #MarketForecast #cryptoversehub
$BTC
As previously mentioned, $BTC has dipped below 66K, currently resting at 65K, with indications of further decline. What lies ahead? Could it reach 45K?
In my view, this downtrend may persist until around 60K before rebounding swiftly. However, expect intermittent small fluctuations before any major movements.
In conclusion, we may witness $BTC sliding further in the near term, but anticipate a surge to 100K, especially considering the impending halving, with less than 20 days remaining! 🔥
For more insights, check out my profile and follow for updates! 🙌
#Binance #Bitcoin #Ethereum #MarketForecast
In my view, this downtrend may persist until around 60K before rebounding swiftly. However, expect intermittent small fluctuations before any major movements.
In conclusion, we may witness $BTC sliding further in the near term, but anticipate a surge to 100K, especially considering the impending halving, with less than 20 days remaining! 🔥
For more insights, check out my profile and follow for updates! 🙌
#Binance #Bitcoin #Ethereum #MarketForecast
**🚨 Breaking News: 💰 Fact.MR predicts the cryptocurrency ATM market to hit $16.85B by 2033, with a current size of $181M in 2023 and a projected 57% CAGR. North America holds 45% market share as of last year. 🌐🏧 #CryptocurrencyATM #MarketForecast #FactMR