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📢 Ultime notizie: Binance investe nell'airdrop di BLUM e il project manager lo conferma.
Iscriviti subito a Blum, hai circa un mese o meno prima del drop.
https://t.me/blum/app?startapp=ref_bfncGaLS9u

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Bitcoin News: These things hint that that the Bitcoin price will hit $70,000 soon enough, with a price rally imminent. Several happenings and upcoming Bitcoin news could cause the Bitcoin price to reach $70,000 soon enough. These developments provide optimism amid BTC's stagnant price action as they will likely reverse the bearish outlook that many investors currently have toward the flagship crypto. Five Things That Could Spark The Bitcoin Price Surge To $70,000 The S&P 500 index recently hit its all- time high (ATH), a development that could cause the BTC price to reach $70,000 soon enough. Other events include the imminent US Fed rate cuts, Binance founder CZ's release, Q4 approaching and the post-halving rally around 150 days after the event. S&P 500's Equal-Weighted Index Hit ATH. The S&P 500's equal-weighted index hit its all-time high on September 16, rising to $176.55. This uptrend dates back to September 11, as liquidity has continued to flow into stocks in the index. This is bullish for the Bitcoin price because the flagship crypto is known to correlate with the stock markets. US Fed Rate Cut Will Provide A Boost For BTC Price. The US Fed rate cut is expected to boost Bitcoin. Historical trends show that the flagship crypto always benefits from this macro decision. As such, the potential interest rate cut from the Fed, which could come after its FOMC meeting on September 18, will be regarded as bullish Bitcoin news. CZ's Release Will Provide Bullish Momentum. Binance's founder, Changpeng "CZ" Zhao, will be released on September 29. Since there is a positive sentiment around his release, this event will provide bullish momentum to the BTC price. The Fourth Quarter Is Bullish For Bitcoin Price. Based on history, the fourth quarter of this year is bullish for Bitcoin. Coinglass data shows that BTC enjoyed positive monthly returns throughout Q4 of the 2016 and 2020 halving years. In line with this, Bitcoin could enjoy price rallies throughout October, November, and December this year.

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Toncoin Price Plummets: How Likely Is a Recovery to $10? Toncoin (TON) price, a cryptocurrency developed in association with Telegram, is experiencing a downturn. Recent analyses show that the TON price is persistently trading below key support levels, aligning with broader market downturns influencing various cryptocurrencies. This decline is underscored by on-chain data that consistently points to a bearish trend in the market. Toncoin Price Tumbles: Is $10 ΤΟΝ Next? The price of Toncoin currently reflects a general downward trend seen across various broader cryptocurrencies. Bitcoin is now valued below the $60,000 mark. Meanwhile, Ethereum seems to stabilize at around $2,300. This stagnation suggests a growing bearish sentiment. As a result, other altcoins are also experiencing declines. This negative trend is evident in most top altcoins, including Toncoin. Over the past 24 hours, the price of Toncoin has seen minor fluctuations. As of the reporting time, the TON price hovered at $5.47, marking a slight decrease of 0.88%. The day's trading opened at a high of $5.55 and saw a low of $5.38. Despite the day's minor losses, the cryptocurrency has experienced significant growth since its all-time low of $0.3906 three years ago, reflecting an increase of 1301.85%. However, it is still down by 33.51% from its all-time high of $8.24, which it reached three months ago. TON Price Analysis: More Downside Ahead? The Moving Average Convergence Divergence line, shows a slight convergence below the signal line, suggesting a bearish movement might be on the horizon. This subtle shift is highlighted by the MACD histogram, which has also dipped slightly into the negative territory, further underscoring the cautious sentiment among investors. Over the past few months, there have been significant fluctuations, with a notable decrease in metrics recently. The social volume sharply declines, indicating waning interest or concern among traders and investors. This drop in social engagement often precedes or accompanies a downturn in price.

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SHIB Burn Rate Surges 3000%, Can Shiba Inu Coin Reach $0.001? The renowned dog-themed meme cryptocurrency Shiba Inu once again garnered optimism with a substantial surge in SHIB burn on Tuesday. Burn data streamlined by the community's tracker revealed a whopping 3300% uptick as millions of coins were taken out of the total supply in the past 24 hours. This colossal surge in the burn rate has sparked optimism over Shiba Inu coin's potential to reach $0.001 ahead. SHIB Burn Boosts Up Over 3000% Anchoring Optimism Amid Advancements. According to the data revealed by Shibburn on X dated September 17, the SHIB burn rate soared 3348% in the past 24 hours. This surge comes against the backdrop of 7.8 million coins destroyed. Meanwhile, weekly data illustrated 39.37 million SHIB burnt over the past seven days. Altogether, recent burn data sparked optimism, aligning with the law of supply and demand, as millions of coins were killed from the total supply. At press time, the Shiba Inu coin's total supply was evaluated as 589.27 trillion coins. Besides, Lucie, a prominent member of the meme token's community, previously spotlighted crucial aspects of SHIB burn and added to intrigue surrounding the token. Shiba Inu Coin Market Performance Today. At the time of reporting, SHIB price illustrated a marginal 0.4% drop in value over the past day, resting at $0.00001329. The coin's 24-hour low and peak were recorded as $0.00001302 and $0.00001345, respectively. Weekly and monthly charts underscore a period of sideways trading for SHIB, down 1.5% and 0.54%, respectively. Current stats show that the Shiba Inu coin awaits a bullish or bearish takeover. Besides, Coinglass data showcased a roughly 1% jump in the coin's futures OI within the past 24 hours, resting at $24.30 million. Overall, recent price movements and market data have raised uncertain market sentiments on the asset's short-term prospects. Also, the broader crypto market currently faces turbulence ahead of the FOMC, impacting tokens' prices.

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Global markets are awaiting the US Federal Reserve's interest rate decision in 4 days, Wednesday 18th. Expectations so far 👇:- 50% indicate a 25-point reduction 50% indicate a 50-point reduction Current interest rate: 5.5% Reducing interest rates pushes individuals and companies to withdraw their savings from banks and pump them into the markets, Because interest rates have decreased and will not benefit much, in addition to encouraging companies and individuals to borrow due to the low interest rate, so that this cash liquidity can be pumped into various projects.

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Analysts Warn Investors as Solana Faces Potential Downturn. The cryptocurrency Solana has attracted attention with its strong upward trend over the past year. However, recent market dynamics indicate that this rising momentum may be under threat. Despite its struggle to surpass the resistance level at $138, Solana has yet to breach this critical threshold. Emerging Threats to Solana. One of the most concerning technical developments for Solana is the potential formation of a "death cross." This formation, which signals a downturn, occurs when the 50-day exponential moving average (EMA) falls below the 200-day EMA. For many traders and analysts, a death cross is a warning that long-term upward trends could reverse and significant price drops may follow. The death cross for Solana could signify the possible end of the impressive bull run that began in October 2023. Technical Indicators and Support Levels. On the technical side, the Moving Average Convergence Divergence (MACD) indicator offers a glimmer of hope. Although the overall trend is downward, the MACD suggests that short-term selling momentum may weaken. This could lead to a temporary bounce, particularly if Solana can maintain the $124 support level. If Solana manages to hold this level, it could halt downward pressure and provide a recovery area. However, falling below $124 could trigger significant selling pressure, pushing the cryptocurrency toward the next support point at $120. This level has been significant since March 2024, and breaking it could heighten the risk of a more considerable downward trend for Solana. Cryptocurrency analyst Alan Santana has recently issued warnings regarding Solana's future. Santana noted that while Solana experienced strong growth in 2023, its current trends for 2024 appear less promising. He points out that recent increases in trading volume show signs of decline, leading to a decrease in Solana's price. He predicts that the price could drop by up to 42%, possibly falling to $80.

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Ultime notizie

MagicBlock Secures $3 Million Pre-Seed Funding For Onchain Gaming Engine

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U.S. House Financial Services Committee Chair Patrick McHenry to Retire in January

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Neiro Sees Significant 24-Hour Surge

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Lawmakers Push For Crypto Legislation Before Year-End

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Bitcoin Exchange Deposits Hit Multi-Year Low, Indicating Reduced Selling Pressure

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