🚨 President Joe Biden's campaign is in talks with crypto industry players to accept crypto donations via Coinbase Commerce. This could be a game-changer for political fundraising!
The recent declines in Bitcoin (BTC) and Ethereum (ETH) prices can be attributed to several factors: Federal Reserve Concerns:
Inflation Worries: Fed officials have highlighted ongoing inflation risks, leading to market uncertainty. Economic Data: Key indicators like the PPI, CPI, and retail sales are highly anticipated, contributing to market nervousness.
Market Sentiment and Liquidations: Bearish Signals: Technical indicators have shown bearish trends for Bitcoin, prompting cautious market behavior.
Liquidations: Over $156 million in liquidations within 24 hours has increased downward pressure on prices. Regulatory and Market Dynamics:
ETF Inflows: Despite some optimism from Bitcoin ETF inflows, potential regulatory hurdles and upcoming Federal Reserve meetings are causing concern. FOMC Meeting Forecast
Hawkish Stance: If the Fed emphasizes inflation control and suggests more rate hikes, bearish sentiment may continue, potentially leading to further declines in BTC and ETH prices.
Dovish Stance: If the Fed hints at rate cuts or pauses, it could boost investor confidence, potentially sparking a rebound in crypto prices.
Conclusion The recent crypto market downturn is driven by economic data anticipation, regulatory concerns, and technical factors. The FOMC meeting's outcome will be crucial in shaping the near-term trajectory for Bitcoin and Ethereum. Investors should prepare for continued volatility.
Have you noticed what's happening with Bitcoin and altcoins recently? 🤔 Let's break it down: - **Bitcoin's All-Time High**: $73k 🏔️ - **Current Bitcoin Price**: $69k 📉 - **Altcoins**: Bleeding 50-70%! 😱
**Why is this happening?** It looks like a classic market manipulation play! While Bitcoin is just slightly dipping, altcoins are experiencing significant drops. Here's what's possibly going on:
1. **Bitcoin Stability**: By keeping Bitcoin relatively stable, it entices new investors, creating a sense of security.
2. **Altcoin Sell-Off**: The massive bleed in altcoins forces panic selling, allowing the big players to buy at lower prices.
**My Take?** I'm never selling my assets at a loss! 💪
The cryptocurrency market continues to be a source of attraction for investors around the world, as flagship assets such as Bitcoin and Ethereum are constantly in the spotlight. However, among the large number of digital currencies available, #ShibaInu ($SHIB ), which has made impressive gains in recent Decembers, has emerged as a particularly interesting option.
Recent data shows that there has been a significant increase in the value of Shiba Inu, and its price has increased by 7% in 24 hours. However, there was an amazing increase of 20% compared to last week. The performance of SHIB, which is currently valued at $ 0.00002463, has ignited widespread interest and speculation among investors and analysts.Dec. The rise of Shibarium, a blockchain ecosystem designed specifically for Shiba Inu, has played an important role in supporting the positive momentum of the asset. In October, the significant increase in SHIB's daily trading volume underscores the growing demand and excitement for this decentralized finance (DeFi) asset.
Prediction and Algorithmic Insights In this environment of optimism, investors are looking forward to future price movements. They are actively looking for insights and forecasts to inform their trading strategies. In contrast, the use of advanced algorithms for price forecasting has attracted a lot of attention.
The algorithm, which uses advanced machine learning techniques and considers key indicators such as moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB) and average real December (ATR), among others, offers an interesting forecast.
In particular, PRICEPREDICTIONS' algorithm predicts a potential decline in the price of SHIB, and expectations are hovering around $ 0.000017 as of July 1, 2024. Although this forecast represents a marginal decrease of about 1.96% from the current price of SHIB, it provides valuable information for investors navigating the volatile cryptocurrency
A whale has withdrawn 8,400 ETH (worth approximately $31.86 million) and 360 BTC (worth approximately $24.54 million) from Binance in the past two hours, depositing them into Venus as collateral. Subsequently, the whale borrowed 58,000 BNB (worth approximately $34.45 million) from Venus and transferred it to Binance.