The Fed Cuts Benchmark Interest Rate by 25 bps, Wall Street Closes Down, Gold Down and Crypto Bleeding
The Fed lowered the lending rate by 0.25% to a target range of 4.25%-4.5%, in line with expectations. However, the Fed only plans to cut interest rates twice in 2025. This number is four times lower than the estimate in September 2024. Fed Chairman, Jerome Powell, stated that interest rate cuts in recent months provide flexibility for central banks. This allows the Fed to take a more cautious approach in evaluating further policy adjustments.
Previously, market participants were still optimistic that the Fed would aggressively lower interest rates in 2025 to push the market in a bullish direction. However, the Fed's cautious outlook sent bond yields soaring, depressing stock prices, with the 10-year treasury yield rising above 4.50%
The Crypto Global Market saw a decrease of 4.67% compared to the previous day with a market cap of $3.52T. Most of Crypto in correction of 5 to 25%. The current value of U.S. Dollar Index show uptrend which show the correction could lead continue before technical rebound.
$PENGU When is The Best Time For Invest and Notice?
The Pudgy Penguins is a meme coin.
As is tokenomics, from the beginning waiting for this coin to jump from higher than the first minute for shorting but it did not happen.
Based on its tokenomics, this token will tend to undergo a correction. It's just that on the way it can definitely be manipulated by the bookie because it's also have future market.
The coin is predicted to have a correction reach a certain point, hopefully reaching $0.0068 before it will jump back in price.
If it can high rise be sure to sale all before November 2025.
Just In $BTC Break New ATH $106,648, Do Not Forget FOMC Meeting at 17-18 December 2024
A number of officials of the United States (US) central bank, The Federal Reserve or the Fed are still open to the opportunity to cut the benchmark interest rate at the Federal Open Market Committee (FOMC) meeting next December. Federal Reserve Bank of Minneapolis President Neel Kashkari said it was still appropriate to consider another interest rate cut at the central bank's meeting on December 17-18, 2024.
Will it drive another high? Or High than huge correction before another high?
Top 10 from Top 100 Global Crypto Currency that given the highest return in these 7 days as follows: 1. BGB = 81.9% 2. MOG = 42.81% 3. MNT = 30.75% 4. SUI = 30.39% 5. XDC = 28.28% 6. AAVE = 24.96% 7. AERO = 24.25% 8. ENA = 23.74% 9. DYDX = 22.01% 10. BEAM = 19.48%
Tuesday Shockwave: Crypto Largest Total Liquidations Over $1.71B as BTC Double Attack Candle
As double attack candle happen it's seem the bookie controlled all the market make most of Crypto in correction of 8% to 40% in price.
In the past 24 hours, more than 566 thousand trader were liquidated with total liquidation more than $1.71B.
The largest single liquidation order happen Binance ETH value at $19.69m.
Are the one who after wake up see the liquidation on your wallet? Do not forget to put SL on any future trade and do not put limit order buying with if all meet it can cause margin ration more than 20% which will drive the wallet empty.
Will $NEIRO follow $1MBABYDOGE and $TURBO near future?
As in 1 cluster of meme coins that are added at the same time on the Binance Spot market. In this week 1MBabyDoge and TURBO have already spilled over 100% in price, but this has not been shown by Neiro.
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So far the dollar index is down trend, M2 Growth of World is Uptrend, 68% chance Fed will cut rates 25 bps. FOMC meeting 17-18 Dec 2024, seem like BTC 100K have high possibility.
Just In $BNB Hit New ATH at $750.1, @CZ Had Given The Hint?
Changpeng Zhao’s recent cryptic tweet has led to speculation about an upcoming altcoin season. With Bitcoin’s dominance weakening and global crypto regulating, many expect an altcoin rally, and there are various opinions on how it will unfold.
Answer it "ALT" then as usual there is some correction before hard pumping then today most all ALT Pumping and some of them Hit New ATH.
At 29 November 2024, The cryptocurrency entrepreneur Justin Sun has fulfilled a promise he made after spending $6.2m (£4.88m) on an artwork featuring a banana duct-taped to a wall – by eating the fruit.
At one of Hong Kong’s priciest hotels, Sun, 34, chomped down on the banana in front of dozens of journalists and influencers after giving a speech hailing the work as “iconic” and drew parallels between conceptual art and cryptocurrency.
How long will this increase be before the correction returns?
$PDA Updated, Will it Bring PDA To The Next High Level Price? === As PDA updated said: 1. ezPLAY Rewards Launch — Earn $PDA for Your Activity! The highlight of this update is the launch of ezPLAY Rewards. Now, every action you take on ezPLAY earns you ezPOINTs, which can be converted into $PDA ! By completing missions, logging in regularly, and engaging with activities, you’ll easily collect and accumulate points.
2. Curated Game Collection — Discover Fresh Games to Play! In this update, we’re also expanding our curated game collection. We’ve handpicked a variety of exciting games for you to explore, offering more opportunities to play, compete, and win. With a broader range of genres and game styles, there’s something for everyone. More games will be added over time, so stay tuned!
3. Improved UX — Smoother and More Enjoyable Gameplay! A seamless gaming experience is essential, and we’ve introduced significant updates to make ezPLAY more intuitive and engaging. Expect a smoother interface, quicker navigation, and better overall gameplay flow. These updates are designed to keep you focused on what matters most — playing your favorite games and earning rewards!
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=== Compared to other coins, PDA includes coins that have not risen much from the bottom position after a correction after BTC in bull run, only about 63% increase, while other coins have reached an average of above 200%, will PDA reach and exceed the average increase of other coins?
Mantra $OM Warning The New Plan Double Supply Is Already Starting
MANTRA OM is best RWA Project that if you hold it from last year would give profit more than 200x.
As part of the agenda is double the supply with the supply from 888,888,888.- to 1.79B of OM.
Based on today I writing, the addition supply is already began from several days ago, now we can see the circulation supply from its legacy 888,888,888 to 905.28m.
If we see on the it's TVL based on CMC is only $13.34K and it's LP $5.5m only that mean it's lack on liquidity so it's so volatile, that will give the bookie easier to control the price for pumping and dumping.
Since the new supply is already beginning, based on its token release schedule it's already not favorable if you hold it for long term because the inflation rate is about 25% per year, but it's lack of liquidity. Only if their team have based strategy can handle of the effect of that inflation rate.
Everyday about $1.117m OM ($4m usd) will be unlocked. So if there is no any strategy marketing, the pricing will automatically everyday low and lower. Will the events with the same pattern in 2021 from the price of $0.8876 correction to $0.0172 be repeated?
If it can break new ATH we think it's time for short at new ATH price but you should always maintenance you ratio, because of its lack of liquidity so the bookie only need little money to control the price base on he needs.
Remember in Crypto sometimes it's not who hold the largest supply will get the highest profit, but who is taking the profit at its ATH is the one.