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FED's Reverse Repo Plummet: What It Means for #Crypto and Markets 📉 The FED's reverse repo has nosedived by $46 billion overnight, hitting a low of $155 billion—unseen since 2021. 🔍 What does this signify? • Higher Short-term Interest Rates: Expect borrowing costs to rise. • Reduced Spending: Higher rates often lead to less consumer spending. This scenario is generally #bearish for both stocks and #cryptocurrency markets. 🌩️ The FED might need to inject liquidity soon or risk market drawdowns.
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Bitcoin Ends October 2024 with an 11.2% Gain✅ #Bitcoin finished October up by 11.2%, making it the third-best month this year, though a bit below the usual October average. Historically, November has been a positive month for $BTC , with average gains around 7.6%. New ATH for #BTC in November?
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$FET is still consolidating on this massive Power of 3. Lately, we are having a correction but this recent deviation and support reclaim is promising for a reversal. Let's see if we can break that trendline! #Fetch_ai #Fetupdate #FET
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$TON has been downtrending lately and is now back at support. Holding here is a good first sign, but to gain confidence in a #bullish momentum, I would like to see a market structure break and a breakout from that trend line. #TonAnalysis
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#PYTH Price Watch: Bullish Signals Ahead? 📈 PYTH has been navigating through turbulent waters, crafting what looks like an Inverse Head & Shoulders pattern. Right now, it's knocking on the door of resistance at $0.38 - $0.40. 👀 Keep an eye out! If you see an H4 candle closing above this resistance, it might be your cue to enter. With $PYTH already at its listing price, there's a buzz that could propel it further.
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Ethereum Foundation Researchers Resign From EigenLayer Advisory Roles Amid Controversy
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US October Nonfarm Data Falls Short Due to Hurricanes and Strikes
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XRP Price Rebounds Amid Market Volatility
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Bitfarms CEO Discusses Potential Impact Of Trump's Policies On Bitcoin Mining In The US
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