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The cryptocurrency market experienced a volatile week, with Bitcoin (BTCUSD) displaying mixed signals. Despite hitting a high of $60,326.70, the price failed to hold above this level and closed the previous session lower. However, a positive start to the current session, with a clear rise above $60,326.70, suggests a potential bullish trend reversal.
If Bitcoin can sustain gains above $60,326.70, it may target $62,450.00 and subsequently $63,800.00. However, a failure to consolidate above $60,326.70 could lead to a decline, with potential losses reaching $58,335.00.
The expected trading range for today is between $59,200.00 and $63,200.00.
Overall, the short-term trend for Bitcoin appears bullish, but traders should remain cautious and monitor price action closely for potential reversals.#Write2Earn! #writetoeran #BitcoinForecast #BTCtrade
If Bitcoin can sustain gains above $60,326.70, it may target $62,450.00 and subsequently $63,800.00. However, a failure to consolidate above $60,326.70 could lead to a decline, with potential losses reaching $58,335.00.
The expected trading range for today is between $59,200.00 and $63,200.00.
Overall, the short-term trend for Bitcoin appears bullish, but traders should remain cautious and monitor price action closely for potential reversals.#Write2Earn! #writetoeran #BitcoinForecast #BTCtrade
What will be the Effect on btc if Federal Reserve end
The Federal Reserve ending wouldn't necessarily mean the end of Bitcoin (#BTC ). Here's a breakdown of the potential effects:
Possible Decrease in Price:
The Federal Reserve raising interest rates has historically been linked to decreases in Bitcoin's price. This is because higher interest rates tend to make traditional investments like bonds more attractive, drawing capital away from riskier assets like #cryptocurrencies.
If the Federal Reserve ceased to exist, there likely wouldn't be interest rate hikes in the same way. However, some other entity might emerge to regulate the economy, and they could implement similar policies that could impact #bitcoin .
Increased Uncertainty:
The Federal Reserve plays a significant role in the stability of the US economy. Its disappearance would create a lot of uncertainty, which could negatively impact investor confidence in Bitcoin and other risky assets.
Potential for Long-Term Growth:
Some argue that Bitcoin was created as a hedge against traditional financial systems. If the Federal Reserve dissolved and traditional finance became less stable, Bitcoin could become more appealing as an alternative store of value.
Overall, the effect on Bitcoin is difficult to predict. It would depend on what replaced the Federal Reserve and how the global economy reacted.
#bitcoinnewsupdate #BTCFuture #FederalReserveBank #US
The Federal Reserve ending wouldn't necessarily mean the end of Bitcoin (#BTC ). Here's a breakdown of the potential effects:
Possible Decrease in Price:
The Federal Reserve raising interest rates has historically been linked to decreases in Bitcoin's price. This is because higher interest rates tend to make traditional investments like bonds more attractive, drawing capital away from riskier assets like #cryptocurrencies.
If the Federal Reserve ceased to exist, there likely wouldn't be interest rate hikes in the same way. However, some other entity might emerge to regulate the economy, and they could implement similar policies that could impact #bitcoin .
Increased Uncertainty:
The Federal Reserve plays a significant role in the stability of the US economy. Its disappearance would create a lot of uncertainty, which could negatively impact investor confidence in Bitcoin and other risky assets.
Potential for Long-Term Growth:
Some argue that Bitcoin was created as a hedge against traditional financial systems. If the Federal Reserve dissolved and traditional finance became less stable, Bitcoin could become more appealing as an alternative store of value.
Overall, the effect on Bitcoin is difficult to predict. It would depend on what replaced the Federal Reserve and how the global economy reacted.
#bitcoinnewsupdate #BTCFuture #FederalReserveBank #US
Buy #Bitcoin for a big up move to 75000 level in the following 3 to 4 days. Don't be late! Stay up to date with @Mister Whale
Here is a list of top crypto news sites you can get benefits from
CoinDesk
Cointelegraph
Bloomberg
Bitcoin Magazine
Decrypt
CNN
CoinGecko
Block works
Bitcoinist
Forbes
Cryptonewsz
etc
#btc
#CryptoNewss
#CryptoDecision
CoinDesk
Cointelegraph
Bloomberg
Bitcoin Magazine
Decrypt
CNN
CoinGecko
Block works
Bitcoinist
Forbes
Cryptonewsz
etc
#btc
#CryptoNewss
#CryptoDecision
#Correlation of #Dollar news and Crypto currency
The relationship between the crypto market and the US dollar is complex, but there is generally a negative correlation. This means that when the dollar weakens (USD index goes down), the price of Bitcoin and other cryptocurrencies often tends to rise, and vice versa.
Here's a breakdown:
Historically: A negative correlation has existed. Investors may see crypto as a hedge against a weakening dollar.
Recently: The correlation has weakened or broken at times. Crypto-specific events can outweigh the dollar's influence.
Here are some reasons for the correlation:
Investor Risk Appetite: When investors are risk-averse, they flock to the dollar, a safe-haven asset. This can push down crypto prices.
Dollar Strength: A strong dollar makes it more expensive to buy other assets, including cryptocurrencies.
Important to Note:
The correlation isn't perfect. Crypto is a volatile market with its own driving forces.
The relationship can change over time. Stay informed about current trends.
#btc
#bitcoin
#crypto
#cryptocurrency
#news
The relationship between the crypto market and the US dollar is complex, but there is generally a negative correlation. This means that when the dollar weakens (USD index goes down), the price of Bitcoin and other cryptocurrencies often tends to rise, and vice versa.
Here's a breakdown:
Historically: A negative correlation has existed. Investors may see crypto as a hedge against a weakening dollar.
Recently: The correlation has weakened or broken at times. Crypto-specific events can outweigh the dollar's influence.
Here are some reasons for the correlation:
Investor Risk Appetite: When investors are risk-averse, they flock to the dollar, a safe-haven asset. This can push down crypto prices.
Dollar Strength: A strong dollar makes it more expensive to buy other assets, including cryptocurrencies.
Important to Note:
The correlation isn't perfect. Crypto is a volatile market with its own driving forces.
The relationship can change over time. Stay informed about current trends.
#btc
#bitcoin
#crypto
#cryptocurrency
#news
Bitcoin's trend right now is slightly positive. As of June 7, 2024, its price is hovering around $71,000, with a slight increase over the past 24 hours. However, it's important to note that the cryptocurrency market is volatile, and prices can fluctuate significantly in a short period.
#btc2024
#bitcoin
#cryptonews
#btc2024
#bitcoin
#cryptonews
Hello to #FaizCryptoSense
#Bitcoin is going to the moon this month!
Trade on your own risk. Be safe & cautious.
#btc #bitcoin
#Bitcoin is going to the moon this month!
Trade on your own risk. Be safe & cautious.
#btc #bitcoin
The Cryptocurrencies with the ability to reach $1
Several #cryptocurrencies currently trading under $1 have the potential to reach $1, but it's important to consider that the cryptocurrency market is highly volatile and unpredictable. Here are a few examples:
#Meme coins like #Dogecoin (#DOGE) and Shiba Inu (#SHIB) have gained popularity due to social media hype and celebrity endorsements. However, their long-term value depends on wider adoption and development of real-world use cases.
New coins launched through initial coin offerings (#ICOs) may have the potential for significant growth, but they also carry a high degree of risk. Investors should carefully research any ICO before investing.
Established coins like XRP (#Ripple) and Cardano (ADA) have the potential to reach $1 if they gain wider adoption in their respective fields. For example, XRP is used for international payments, while Cardano is a smart contracts platform.
#Write2Earn
#TradeNTell
#hottrends
#bnbchain
#ada
#cardano
Several #cryptocurrencies currently trading under $1 have the potential to reach $1, but it's important to consider that the cryptocurrency market is highly volatile and unpredictable. Here are a few examples:
#Meme coins like #Dogecoin (#DOGE) and Shiba Inu (#SHIB) have gained popularity due to social media hype and celebrity endorsements. However, their long-term value depends on wider adoption and development of real-world use cases.
New coins launched through initial coin offerings (#ICOs) may have the potential for significant growth, but they also carry a high degree of risk. Investors should carefully research any ICO before investing.
Established coins like XRP (#Ripple) and Cardano (ADA) have the potential to reach $1 if they gain wider adoption in their respective fields. For example, XRP is used for international payments, while Cardano is a smart contracts platform.
#Write2Earn
#TradeNTell
#hottrends
#bnbchain
#ada
#cardano
7 Cryptocurrencies to Watch This Week
These cryptocurrencies are scheduled to unlock tokens this week, which could impact the overall market and their individual prices. These are following with the tokens amounts to be release
AVAX $528.04M
IDEX (ID) $114.54M
Immutable X (IMX) $99.63M
Manta (MANTA) $42.83M
Pixel (PIXEL) $39.98M
AllianceBlock (ACE) $34.03M
Ribbon Finance (RBN) $31.29M
It's important to be aware of these upcoming token unlocks to make informed investment decisions.
#Write2Earn #AVAX✅ #ID #IMX #Manta! #pixel #ace #rbn
These cryptocurrencies are scheduled to unlock tokens this week, which could impact the overall market and their individual prices. These are following with the tokens amounts to be release
AVAX $528.04M
IDEX (ID) $114.54M
Immutable X (IMX) $99.63M
Manta (MANTA) $42.83M
Pixel (PIXEL) $39.98M
AllianceBlock (ACE) $34.03M
Ribbon Finance (RBN) $31.29M
It's important to be aware of these upcoming token unlocks to make informed investment decisions.
#Write2Earn #AVAX✅ #ID #IMX #Manta! #pixel #ace #rbn
#BTC My analysis suggests that the price of Bitcoin could be around $53,687 or $107,375 at the next halving in April 2024. This prediction depends on the price of Bitcoin closer to the halving event. If Bitcoin is trading above $80,531 around that time, it could reach $107,375. Otherwise, it might be around $53,687. It's important to remember that these are just predictions, and the actual price could be higher or lower. #Write2Earn .(#BTC🔥🔥🔥🔥 #BTCHALIVING #BTCpredictions #20thapril
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Binance Square Official
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Predict the price of BTC at 20th April 00:00 (UTC+0) to win up to $10000 of SATS token rewards!
To mark this milestone of Bitcoin Halving, all verified users can complete specific tasks on Binance Square during the Activity Period, and qualify for up to $10,000 of SATS token voucher reward. Activity Period: 2024-03-04 09:00 (UTC) to 2024-04-14 09:00 (UTC)All KYC-verified Binance users who log into their Binance accounts and complete the following tasks during the Activity Period will qualify for the $10,000 of SATS reward. Tasks: Comment your prediction for the price of BTC on 20th April 00:00 (UTC+0) on this post. Share this post on your social media and #HalvingHorizonsThe user with the closest prediction will win $5000. If more than one user shares the same prediction, you’ll share the price pool. AndIf you correctly guessed the price and signed up for a Binance account during the activity period through the shared link of this post or the Binance Square referral link, you can unlock a share of extra $2000 price poolAndIf you correctly guessed the price and completed at least 10 trades during the activity period, you will unlock a share of the extra $3000 price poolEach user can only submit 1 entry. Terms & ConditionsThis activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify.The $10,000 of SATS token voucher rewards pool will be divided equally among all qualified users.Winners will be notified via a push notification under Creator Center > Square Assistant. Voucher rewards will be distributed within 21 working days after the activity ends. Users may check their voucher rewards via Profile > Rewards Hub. The validity period for the voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Additional promotion terms and conditions can be accessed here.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.