The Crypto Fear & Greed Index has shifted significantly in response to recent market sentiment changes following the Federal Reserve's indication of a potential rate cut in September. Currently, the index stands at 56, indicating a neutral sentiment in the crypto market. This is a notable shift from 34 yesterday and 25 last week, both of which fell into the "Fear" category.
This shift towards a more neutral sentiment suggests that investor confidence may be returning to the market as traders anticipate more favorable monetary policies. The possibility of a Fed rate cut often signals to investors that borrowing costs could decrease, potentially spurring economic activity and encouraging investment in higher-risk assets like cryptocurrencies.
The rapid change from fear to neutrality reflects how quickly market sentiment can evolve, especially in reaction to macroeconomic signals from the Federal Reserve. Should the rate cut materialize, we could see further shifts in sentiment, potentially moving toward "Greed" as optimism builds around more accommodative economic policies and their impact on the crypto market.
Overall, this data illustrates the sensitivity of the crypto market to broader economic signals and the importance of staying informed about macroeconomic trends when investing in digital assets.
#PowellAtJacksonHole #CryptoMarketMoves #MtGoxRepayments
Trading setup with $XRP , consider the following:
âą Buy Point (BP): $0.61
âą Take Profit (TP): $0.75 (target if the breakout is successful and the trend continues)
âą Stop Loss (SL): $0.50 (below this level could invalidate the bullish scenario and indicate a potential downturn)
This setup assumes the bullish scenario is unfolding and takes advantage of the breakout above the key level. Adjust according to market conditions and risk tolerance.
#XRP is at a pivotal breakout point, but the breakout has not yet materialized. The coin is currently facing a descending trend line with five touchpoints, suggesting a potential triangle pattern. Elliot Wave analysis presents two scenarios: the Yellow count, where the B-wave has bottomed, potentially unfolding into a third wave up, or the White count, where waves one and two are complete, and weâre in a third wave up. The $0.66 level is criticalâbreaking above it could trigger a direct breakout and invalidate the White countâs triangle scenario. Conversely, a drop below $0.50 in the Yellow count would signal bearish conditions, while in the White count, it would confirm a wave C downward. Currently, XRP is encountering Fibonacci resistance, with the next level of resistance at $0.62.
#Ripple #Trading #Futures #BinanceLaunchpoolDOGS
Trading setup with $XRP , consider the following:
âą Buy Point (BP): $0.61
âą Take Profit (TP): $0.75 (target if the breakout is successful and the trend continues)
âą Stop Loss (SL): $0.50 (below this level could invalidate the bullish scenario and indicate a potential downturn)
This setup assumes the bullish scenario is unfolding and takes advantage of the breakout above the key level. Adjust according to market conditions and risk tolerance.
#XRP is at a pivotal breakout point, but the breakout has not yet materialized. The coin is currently facing a descending trend line with five touchpoints, suggesting a potential triangle pattern. Elliot Wave analysis presents two scenarios: the Yellow count, where the B-wave has bottomed, potentially unfolding into a third wave up, or the White count, where waves one and two are complete, and weâre in a third wave up. The $0.66 level is criticalâbreaking above it could trigger a direct breakout and invalidate the White countâs triangle scenario. Conversely, a drop below $0.50 in the Yellow count would signal bearish conditions, while in the White count, it would confirm a wave C downward. Currently, XRP is encountering Fibonacci resistance, with the next level of resistance at $0.62.
#Ripple #Trading #Futures #BinanceLaunchpoolDOGS
Trading setup with $XRP , consider the following:
âą Buy Point (BP): $0.61
âą Take Profit (TP): $0.75 (target if the breakout is successful and the trend continues)
âą Stop Loss (SL): $0.50 (below this level could invalidate the bullish scenario and indicate a potential downturn)
This setup assumes the bullish scenario is unfolding and takes advantage of the breakout above the key level. Adjust according to market conditions and risk tolerance.
#XRP is at a pivotal breakout point, but the breakout has not yet materialized. The coin is currently facing a descending trend line with five touchpoints, suggesting a potential triangle pattern. Elliot Wave analysis presents two scenarios: the Yellow count, where the B-wave has bottomed, potentially unfolding into a third wave up, or the White count, where waves one and two are complete, and weâre in a third wave up. The $0.66 level is criticalâbreaking above it could trigger a direct breakout and invalidate the White countâs triangle scenario. Conversely, a drop below $0.50 in the Yellow count would signal bearish conditions, while in the White count, it would confirm a wave C downward. Currently, XRP is encountering Fibonacci resistance, with the next level of resistance at $0.62.
#Ripple #Trading #Futures #BinanceLaunchpoolDOGS
Crypto Price Predictions: Bitcoin, Ethereum, and Ripple (XRP)âŒïž
Bitcoin:$BTC ,
- Targeting $65,000, but needs to hold $63,100 as support
- Investors cautious after weeks of failed upward attempts
- Strong ETF inflows expected after Powell's statements
Ethereum:$ETH
- Broke key resistance at $2,681, now up 5%
- Next targets: $2,930 and $3,000
- Rally dependent on Bitcoin's performance
Ripple ($XRP ):
- Faced sales, struggling to benefit from recent rise
- $125 million fine marks the end of a long-standing nightmare
- Needs to overcome $0.63 resistance to avoid consolidation
DYOR / NFA
#CryptoMarketMoves #MtGoxRepayments #BinanceLaunchpoolDOGS #LowestCPI2021 #LowestCPI2021
đ„đ„đ„ Massive 300,000 Ethereum Transfer Stuns Major US Exchange
Whale Alert, a leading blockchain tracker for large
#CryptocurrencyTransactions , has reported two massive Ethereum transfers to the U.S.-based exchange Coinbase. These transactions occurred consecutively and were timed with a 3% rise in Ethereum's price over the past 24 hours.
Massive Ethereum Transfers to Coinbase
- According to #WhaleAlert , two separate transfers of 150,000 ETH each were made to Coinbase, totaling 300,000 ETH. At the time of the transactions, this amount was valued at approximately $395,363,493. Both transfers occurred just over four hours ago.
- The size of these transfers has sparked speculation among users on X, with many suggesting that whales are offloading ETH and anticipating further declines in the Ethereum price.
Additional Whale Activity
- Before these transfers, another whale moved 19,999 ETH, worth about $52,258,179, to Binance, the world's largest exchange.
Ethereum Price Trends
- Despite these large transactions, Ethereum's price has risen 3.25% in the last 24 hours, climbing from $2,600 to $2,690. However, the price has since pulled back slightly, currently trading at $2,671.
- Earlier this week, a notable whale with a "super diamond hand" sold 15,000 ETH, worth nearly $40 million. This whale had purchased 96,639 ETH for $1,567 each in September 2022, holding it until March 2024. After the bull market began, they sold 55,000 ETH at $3,199 each, making $176 million, and retained 41,639 ETH until recently, resulting in a total profit of $132 million.
- In related news, Ethereum co-founder #VitalikButerin recently shared a tweet encouraging more bullish sentiment about Ethereum. He posted an image of a bull on a green hill with the text "Ethereum is good," which contributed to a surge in Ethereum's price later in the week.
source - u.today
#CryptoMarkets #BinanceSquareTrends
đđąAtenciĂłn Usuarios de Binance!! đąđ
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Te presento una lista de criptomonedas qué tiene un potencial enorme de alza en los próximos meses!! No haremos x1000 pero si podremos multiplicar de manera conservadora nuestros activos!
1. Solana ($SOL ): Destacada por su rapidez y capacidad de escalado, Solana estĂĄ desarrollando rĂĄpidamente un robusto ecosistema DeFi.
2. Polkadot (DOT): Este protocolo de interoperabilidad tiene un gran potencial para conectar mĂșltiples cadenas de bloques.
3. Cosmos (ATOM): Cosmos es una plataforma modular y escalable que estĂĄ expandiendo continuamente su ecosistema.
4. Chainlink ($LINK ): Como la principal red de orĂĄculos descentralizados, Chainlink es esencial para conectar contratos inteligentes con datos del mundo real.
5. Cardano (ADA): Reconocida por su solidez y capacidad de escalado, Cardano estĂĄ activamente desarrollĂĄndose en los sectores DeFi y NFT.
6. Polygon ($MATIC ): Funcionando como una soluciĂłn de escalado de capa 2 para Ethereum, Polygon estĂĄ viendo una creciente adopciĂłn en toda la industria.
7. Avalanche (AVAX): Conocida por su rapidez y descentralizaciĂłn, Avalanche estĂĄ expandiendo constantemente su ecosistema.
8. The Graph (GRT): Un actor clave en la indexaciĂłn y consulta de datos descentralizados, crucial para las aplicaciones de blockchain.
9. NEAR Protocol (NEAR): Ofrece soluciones escalables y estĂĄ ganando atenciĂłn por su enfoque innovador en la tecnologĂa blockchain.
Estas criptomonedas, aunque no garantizan retornos astronĂłmicos, estĂĄn bien posicionadas para un crecimiento constante e impactante debido a sus sĂłlidos fundamentos y ecosistemas en expansiĂłn.
#marketcap #BullorBear #2024
â ïžÂ BREAKING UPDATES REGARDING $NOT $SYN $REEF
đ [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) đ
(NOT)
New Support:Â $0.010New Short-Term Target:Â $0.0112Analysis:Â The new support level for Notcoin is established at $0.010, indicating a potential reversal. The new short-term target is $0.0112, suggesting a possible price increase. Consider buying Notcoin if it holds above $0.0105, with a target of $0.0112. Stop-loss at $0.0095.
Synapse (SYN)
New Support:Â $0.550New Short-Term Target:Â $0.600Analysis:Â The new support level for Synapse is established at $0.550, indicating a potential bounce. The new short-term target is $0.600, suggesting a possible price increase. Consider buying Synapse if it holds above $0.570, with a target of $0.600. Stop-loss at $0.540.
Reef (REEF)
New Support:Â $0.000750New Short-Term Target:Â $0.000800Analysis:Â The new support level for Reef is established at $0.000750, indicating a potential reversal. The new short-term target is $0.000800, suggesting a possible price increase. Consider buying Reef if it holds above $0.000770, with a target of $0.000800. Stop-loss at $0.000740.
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#BTCâ #Write2Earn! #BinanceTurns7#CryptoMarketMoves #BinanceLaunchpoolDOGS
Jerome Powell's recent address shed light on the ongoing economic recovery as the impacts of the pandemic continue to recede. He emphasized that inflation has notably eased, now at 2.5%âbringing it closer to the Federal Reserve's target of 2%. Simultaneously, the labor market is stabilizing, with unemployment rates at 4.3%, reflecting a softer job market than seen in previous years.
Looking ahead, Powell underlined the Federal Reserve's commitment to carefully managing inflation while avoiding a surge in unemployment. The approach will remain data-driven, with adjustments made in response to shifts in economic indicators. While job growth has decelerated, the uptick in unemployment is largely attributed to an expanding labor force rather than widespread layoffs. The possibility of future policy rate cuts also remains on the table, aimed at sustaining economic stability.
Furthermore, Powell hinted at a forthcoming review of the Federal Reserve's monetary policy framework. This review will incorporate insights gained during the pandemic and explore new strategies to enhance the effectiveness of the Fedâs policies in maintaining economic equilibrium.
#Write2Earn! #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #BlackRockETHOptions
đ BullRun Alert! đ
The market is in full throttle as Bitcoin ($BTC) has zoomed past $65K, currently trading at $64,425.65âa 6.38% leap! This bullish trend is setting the stage for Bitcoin to potentially reach $75K by year's end. đ
But that's not all! Ethereum (ETH) is riding the wave with a 5.71% rise to $2,773.80. SOL is up 5.65%, now at $151.62, and $PEPE has skyrocketed by 10.28%. Plus, new stars on the block like $TON and BANANA are making their markâ$TON up 3.08% to $6.733 and BANANA climbing 6.02% to $48.78. đ
The momentum is undeniable. Donât miss out on this exciting phase in the crypto market!
#BinanceBlockchainWeek #LowestCPI2021 #BlackRockETHOptions #Raiarmy #BinanceLaunchpoolDOGS
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JPMorgan Lowers Price Targets on Bitcoin Miners, Sees Buying Opportunity
Bitcoin Miners
In light of recent market changes and company-specific events, JPMorgan has cut its price expectations for Bitcoin miners like CleanSpark, Riot Platforms, and Marathon Digital.
JPMorgan revised its price targets for several prominent Bitcoin mining companies on August 23, reflecting recent market shifts and company-specific developments.
Despite the downgrades, the investment bank sees potential buying opportunities in select miners.
Factors Behind JP Morgan Price Downgrades on Bitcoin Minersâ Stock
The investment bank lowered its price targets due to two primary factors. The bank reduced its Bitcoin price prediction from $68,000 to $60,000, accounting for the decline in Bitcoin prices since its last update.
Additionally, the bank considered a higher baseline network hashrate assumption (increased from 600 to 615 exahash per second) and share count dilution in some mining companies.
These factors have led to a reduction in the target gross profit per EH/s estimates for the miners.
Particularly, JPMorgan analysts Reginald L. Smith and Charles Pearce provided updated price targets for several publicly traded Bitcoin miners. #LaraxenFamily #laraxen #Laraxenteam
đš CFTC Rejects Gemini's Appeal Bid, Trial Still Needed đš$ETH $SOL $MINA đ‎ïžđȘ
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The Commodity Futures Trading Commission (CFTC) has responded to Gemini Trust Co.'s appeal bid, stating that even if the Second Circuit rules in Gemini's favor, a trial would still be necessary to resolve disputed facts đ€. The CFTC seeks penalties and disgorgement of profits related to allegedly misleading statements about a proposed bitcoin futures contract đ.
đ Background:
- Gemini, a crypto exchange, proposed a bitcoin futures contract, which the CFTC alleges was misleading đ.
- Gemini appealed the CFTC's decision, arguing it didn't have ultimate responsibility for the statements đ.
đ« CFTC's Response:
- The CFTC argues that even if Gemini didn't have ultimate responsibility, there are still disputed facts requiring a trial đ.
- The CFTC seeks:
- Disgorgement of ill-gotten gains đž
- Civil monetary penalties đ
- Injunctions relating to registration and trading đ«
- Injunction against further violations of the Commodity Exchange Act (CEA) đ
đźââïž Implications:
- The CFTC's response emphasizes its commitment to holding Gemini accountable for alleged misconduct đš.
- A trial would provide an opportunity for both parties to present evidence and arguments, ensuring a fair and thorough examination of the case đïž.
The CFTC's stance sets the stage for a potentially significant trial, with implications for the crypto industry and regulatory oversight đ.