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Liquidation Heatmap showing $21.77b shorts to be liquidated at $70476 on
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$VANRY massive bullrun just getting started in weekly timeframe đâïž
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⥠Jerome Powell (Chairman of #FED ): â The economy is overall strong. â The labor market continues to cool, which is a noticeable improvement from earlier this year. â Our decision today reflects growing confidence that stability in the labour market can be maintained. â Consumer spending remains stable. â Inflation has fallen significantly, but remains above our target level. â The labor market is not a source of increased inflationary pressure. â We expect stable GDP growth. â The risks of rising inflation have decreased. âïž The risks of deterioration in the situation with the labor market (employment) have increased . â Our forecasts are not a plan or a solution. â We will adjust the Fed's monetary policy as needed. â If the situation on the labour market worsens, we will be able to respond. âïž We can cut rates faster or slower, or take a pause if appropriate (it all depends on the economy.) â Most Fed chairs supported today's 50bp cut, but there was a lot of debate. â Today's interest rate decision is a good start for the Fed to begin easing monetary policy. â I don't think we're behind schedule. â The labor market is stable, we intend to maintain this. â A 50 bp rate cut is NOT an attempt to catch up or a change in the pace of Fed easing. â We want to keep the US economy strong. â Retail sales and GDP for Q2 point to sustainable economic growth - this will also support the labor market. â The Fed was very patient, other global central banks started to lower rates earlier. â There is no need for further cooling of the labor market to reduce inflation to 2%. â We are not yet declaring victory over inflation. â Inflation in the housing market is one of the factors that slows down the process a little. â We could well have cut the rate in July if we had had employment data at that time #JeromePowell
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đ What happened in Crypto in the last 12h? đ âą Federal Reserve cuts interest rates by 50bps for the first time in 4 years. âą $BTC - After the Fed's big cut and Powell's positive comments, Bitcoin broke above 62K. âą $ZETA $ALEO - Coinbase announces the listing of $ZETA and $ALEO. $ALEO has begun trading and $ZETA is scheduled to trade at 9AM PT on Sept 19th. âą Binance Labs announced the investment in #hemi_xyz. Hemi is a modular protocol for superior scaling, security, and interoperability, powered by Bitcoin and Ethereum. âą $LINA - Linear Finance has teased a big announcement of a new game-changing product. âą $TIA - Celestia announced that the Lemongrass update is now live. Lemongrass introduces 1-click interactions over IBC, interchain accounts, and more. âą $MKR - Users supplying $USDS on the Sky protocol can earn additional #ChronicleLabs points through the Sky Token Rewards feature. Point holders can later claim tokens at the rate of 1$CLE per 10 points âą $OM - MANTRA Chain announced the launch of its mainnet in October. âą $XAI $ATH - Aethir and Xai launch a $10M ecosystem grant program to support AI-Powered gaming projects.
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#BTC/USDT ANALYSIS Bitcoin has broken out of its descending triangle pattern with strong volume. It is currently holding above the 100MA, which is acting as a key support level, while the 200MA remains a resistance barrier. A successful retest of the breakout would provide further confirmation for a bullish trend. Keep a close watch for any price action at these critical levels.
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Hey Explorers! đ©âđ We're thrilled to officially launch Binance Moonbix, our new Telegram Mini App Game! đ Embark on Your Adventure: Transform into a crypto space explorer, collect special items, and rack up points along the way. đ Climb the Moonbix Hall of Fame: Rank your points and stay on top by completing tasks for extra points and attempts. đ Stay Tuned for Crypto Rewards: Subscribe to our channel to be the first to know about new campaigns! Prepare for launch in 3...2...1! Hit âPlay Nowâ to start your adventure - TO THE MOON! đ©âđđđ đ„ Start your Journey here: https://t.me/Binance_Moonbix_bot/start?startapp=ref_577440900&startApp=ref_577440900 Let's goooo #moonbix
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