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**ETH/USDT Analysis Report** š
**Current Price:** $2,763.20 (+3.05%)
**RSI(14):** 60.47 (Neutral)
**24h Range:** $2,637.71 - $2,849.70
**Market Sentiment:** Slightly bullish with potential for continuation if it breaks $2,850. š
**Pattern:** Consolidation near resistance; breakout likely.
**Trade Setup:**
- **Long Entry:** Above $2,850 š¢
**Target:** $3,000 šÆ
**Stop Loss:** $2,750 š
- **Short Entry:** Below $2,650 š“
**Target:** $2,500 šÆ
**Stop Loss:** $2,750 š
**Leverage:** 5x-10x (Risk Management Crucial) ā ļø
**Next Move:** Bullish breakout expected; watch for volume surge. š
#ETHETFsApproved #ETHš„š„š„š„š„š„ #write2earnonbinancesquare #Ethereumā #write2earnšš¹
$ETH
**Current Price:** $2,763.20 (+3.05%)
**RSI(14):** 60.47 (Neutral)
**24h Range:** $2,637.71 - $2,849.70
**Market Sentiment:** Slightly bullish with potential for continuation if it breaks $2,850. š
**Pattern:** Consolidation near resistance; breakout likely.
**Trade Setup:**
- **Long Entry:** Above $2,850 š¢
**Target:** $3,000 šÆ
**Stop Loss:** $2,750 š
- **Short Entry:** Below $2,650 š“
**Target:** $2,500 šÆ
**Stop Loss:** $2,750 š
**Leverage:** 5x-10x (Risk Management Crucial) ā ļø
**Next Move:** Bullish breakout expected; watch for volume surge. š
#ETHETFsApproved #ETHš„š„š„š„š„š„ #write2earnonbinancesquare #Ethereumā #write2earnšš¹
$ETH
**SOLUSDT Analysis Report** š
**Current Trend**: Bearish š
**RSI(14)**: 21.17 (Oversold)
**Key Levels**:
- **Support**: 170.41
- **Resistance**: 186.94
**Trade Setup**:
- **Long Entry**: Above 186.94 š¢
**Target**: 200.00 ļæ½
**Stop Loss**: 180.00 š
- **Short Entry**: Below 170.41 š“
**Target**: 160.00 šÆ
**Stop Loss**: 175.00 š
**Market Outlook**: Potential reversal if RSI recovers from oversold. Break below 170.41 could extend bearish momentum.
**Leverage**: 10x āļø
**Pattern**: Descending Triangle (Bearish) š
**Next Move**: Watch for breakout above 186.94 for bullish reversal or breakdown below 170.41 for further downside. šš»
#solanAnalysis #write2earnonbinancesquare #AIandStablecoins #MarketLiquidation
$SOL
**Current Trend**: Bearish š
**RSI(14)**: 21.17 (Oversold)
**Key Levels**:
- **Support**: 170.41
- **Resistance**: 186.94
**Trade Setup**:
- **Long Entry**: Above 186.94 š¢
**Target**: 200.00 ļæ½
**Stop Loss**: 180.00 š
- **Short Entry**: Below 170.41 š“
**Target**: 160.00 šÆ
**Stop Loss**: 175.00 š
**Market Outlook**: Potential reversal if RSI recovers from oversold. Break below 170.41 could extend bearish momentum.
**Leverage**: 10x āļø
**Pattern**: Descending Triangle (Bearish) š
**Next Move**: Watch for breakout above 186.94 for bullish reversal or breakdown below 170.41 for further downside. šš»
#solanAnalysis #write2earnonbinancesquare #AIandStablecoins #MarketLiquidation
$SOL
**Bitcoin/TetherUS (1D) Analysis Report**
**Current Price:** 95,375.18 (+0.42%)
**High/Low:** 96,322.97 / 95,300.00
**Market Sentiment:** Neutral (Price consolidating within tight range)
**Pattern:** Sideways Consolidation (Potential breakout imminent)
**Trade Setup:**
- **Long Entry:** 95,300.00 (Support Level)
**Target:** 96,322.97 (Resistance Level)
**Stop Loss:** 95,000.00
**Leverage:** 3x
- **Short Entry:** 95,375.18 (Current Price)
**Target:** 94,500.00
**Stop Loss:** 95,800.00
**Leverage:** 3x
**Next Move:** Break above 96,322.97 could signal bullish momentum. Break below 95,300.00 may indicate bearish continuation.
#BTCš„š„š„š„š„ #BitcoinWarnings #write2earnonbinancesquare #MileiMemeCoinControversy $ETH
**Current Price:** 95,375.18 (+0.42%)
**High/Low:** 96,322.97 / 95,300.00
**Market Sentiment:** Neutral (Price consolidating within tight range)
**Pattern:** Sideways Consolidation (Potential breakout imminent)
**Trade Setup:**
- **Long Entry:** 95,300.00 (Support Level)
**Target:** 96,322.97 (Resistance Level)
**Stop Loss:** 95,000.00
**Leverage:** 3x
- **Short Entry:** 95,375.18 (Current Price)
**Target:** 94,500.00
**Stop Loss:** 95,800.00
**Leverage:** 3x
**Next Move:** Break above 96,322.97 could signal bullish momentum. Break below 95,300.00 may indicate bearish continuation.
#BTCš„š„š„š„š„ #BitcoinWarnings #write2earnonbinancesquare #MileiMemeCoinControversy $ETH
**JUPUSDT Analysis Report** š
**Current Trend**: Bearish š
**RSI(14)**: 20.8172 (Oversold)
**Key Levels**:
- **Support**: 0.7258
- **Resistance**: 0.7669
**Trade Setup**:
- **Long Entry**: Above 0.7669 š¢
**Target**: 0.7900 šÆ
**Stop Loss**: 0.7437 š
- **Short Entry**: Below 0.7258 š“
**Target**: 0.7000 šÆ
**Stop Loss**: 0.7387 š
**Market Outlook**: Potential reversal if RSI recovers from oversold. Break below 0.7258 could extend bearish momentum.
**Leverage**: 10x āļø
**Pattern**: Descending Triangle (Bearish) š
**Next Move**: Watch for breakout above 0.7669 for bullish reversal or breakdown below 0.7258 for further downside. šš»
#JupiteršŖ #JUP #write2earnonbinancesquare #MarketLiquidation $JUP
**Current Trend**: Bearish š
**RSI(14)**: 20.8172 (Oversold)
**Key Levels**:
- **Support**: 0.7258
- **Resistance**: 0.7669
**Trade Setup**:
- **Long Entry**: Above 0.7669 š¢
**Target**: 0.7900 šÆ
**Stop Loss**: 0.7437 š
- **Short Entry**: Below 0.7258 š“
**Target**: 0.7000 šÆ
**Stop Loss**: 0.7387 š
**Market Outlook**: Potential reversal if RSI recovers from oversold. Break below 0.7258 could extend bearish momentum.
**Leverage**: 10x āļø
**Pattern**: Descending Triangle (Bearish) š
**Next Move**: Watch for breakout above 0.7669 for bullish reversal or breakdown below 0.7258 for further downside. šš»
#JupiteršŖ #JUP #write2earnonbinancesquare #MarketLiquidation $JUP
Feed-Creator-43950d9c7:
ful ur long entries
**Dodge/USDT Analysis Report**
**Current Price:** $0.25104 (-4.64%)
**RSI(14):** 33.50461 (Oversold)
**Volume:** 117,611,579
**Market Sentiment:** Bearish (RSI below 40, Price below MA(5)
**Pattern:** Potential Bullish Reversal (Oversold RSI, possible bounce)
**Trade Setup:**
- **Long Entry:** $0.24661 (Support Level)
**Target:** $0.28676 (Resistance Level)
**Stop Loss:** $0.24000
**Leverage:** 5x
- **Short Entry:** $0.25104 (Current Price)
**Target:** $0.23000
**Stop Loss:** $0.26000
**Leverage:** 5x
**Next Move:** Watch for RSI recovery above 40 for bullish confirmation. Break below $0.24661 could extend bearish trend.
#Dogecoinā¬ā© #MuskCoin #write2earnonbinancesquare #MileiMemeCoinControversy $DOGE
**Current Price:** $0.25104 (-4.64%)
**RSI(14):** 33.50461 (Oversold)
**Volume:** 117,611,579
**Market Sentiment:** Bearish (RSI below 40, Price below MA(5)
**Pattern:** Potential Bullish Reversal (Oversold RSI, possible bounce)
**Trade Setup:**
- **Long Entry:** $0.24661 (Support Level)
**Target:** $0.28676 (Resistance Level)
**Stop Loss:** $0.24000
**Leverage:** 5x
- **Short Entry:** $0.25104 (Current Price)
**Target:** $0.23000
**Stop Loss:** $0.26000
**Leverage:** 5x
**Next Move:** Watch for RSI recovery above 40 for bullish confirmation. Break below $0.24661 could extend bearish trend.
#Dogecoinā¬ā© #MuskCoin #write2earnonbinancesquare #MileiMemeCoinControversy $DOGE
**XRP/USDT Analysis Report** š
**Current Price:** $2.6710 (-2.96%)
**RSI(14):** 50.54 (Neutral)
**24h Range:** $2.6075 - $2.7654
**Market Sentiment:** Neutral with bearish bias; consolidation phase. š
**Pattern:** Potential descending triangle; breakout direction crucial.
**Trade Setup:**
- **Long Entry:** Above $2.77 š¢
**Target:** $3.00 šÆ
**Stop Loss:** $2.65 š
- **Short Entry:** Below $2.60 š“
**Target:** $2.40 šÆ
**Stop Loss:** $2.70 š
**Leverage:** 5x-10x (Risk Management Crucial) ā ļø
#RippleUpdate #Xrpš„š„ #write2earnonbinancesquare #write2earnšš¹ #MarketLiquidation $XRP
**Current Price:** $2.6710 (-2.96%)
**RSI(14):** 50.54 (Neutral)
**24h Range:** $2.6075 - $2.7654
**Market Sentiment:** Neutral with bearish bias; consolidation phase. š
**Pattern:** Potential descending triangle; breakout direction crucial.
**Trade Setup:**
- **Long Entry:** Above $2.77 š¢
**Target:** $3.00 šÆ
**Stop Loss:** $2.65 š
- **Short Entry:** Below $2.60 š“
**Target:** $2.40 šÆ
**Stop Loss:** $2.70 š
**Leverage:** 5x-10x (Risk Management Crucial) ā ļø
#RippleUpdate #Xrpš„š„ #write2earnonbinancesquare #write2earnšš¹ #MarketLiquidation $XRP
Big things ahead for $ACH
The future looks brighter than ever as we continue to innovate and lead the way. Donāt miss out on the next big leap in the crypto space. $ACH
#MileiMemeCoinControversy #NextBigThing #ACH #Write&Earn #write2earnonbinancesquare
The future looks brighter than ever as we continue to innovate and lead the way. Donāt miss out on the next big leap in the crypto space. $ACH
#MileiMemeCoinControversy #NextBigThing #ACH #Write&Earn #write2earnonbinancesquare
Indiaās Crackdown on BitConnect: ED Seizes $190 Million in Crypto Assets
Indiaās Enforcement Directorate (ED) has made a breakthrough in the BitConnect cryptocurrency fraud case, seizing $190 million worth of crypto assets. The crackdown comes years after BitConnect, a Ponzi scheme that started in 2016, defrauded investors worldwide, leading to the collapse of its token from $521 to just $1.
Indiaās ED Seized $190 Million In Crypto
On February 15, the ED in Ahmedabad released a statement confirming the seizure of digital assets worth approximately Rs 1,646 crore ($190 million). This action was taken under the Prevention of Money Laundering Act (PMLA) following First Information Reports (FIRs) filed by the CID Crime Police Station in Surat.
Along with cryptocurrency, authorities seized $15,582 in cash, a luxury SUV, and several digital devices during raids conducted in Gujarat.
The ED discovered that BitConnectās operators had created a web of transactions using multiple crypto wallets. However, through advanced tracking techniques and intelligence gathering, investigators identified the key wallets and their controllers, leading to the recent crackdown.
Background of BitConnect Fraud
BitConnect, which operated as an unregistered entity, established a vast network of promoters who earned commissions by recruiting new investors. The platformās founder, Satish Kumbhani, was charged by the U.S. Department of Justice in February 2022 for masterminding the fraud.
Under his leadership, BitConnect managed to collect a staggering $2.4 billion before shutting down in 2018, following cease-and-desist orders from U.S. regulators.
With the EDās ongoing investigation and the recent seizure of assets, authorities are ramping up efforts to bring the culprits to justice.
#IndianCryptoTrends #write2earnonbinancesquare #Bitconnect #ScamAwareness #SCAMalerts
Indiaās ED Seized $190 Million In Crypto
On February 15, the ED in Ahmedabad released a statement confirming the seizure of digital assets worth approximately Rs 1,646 crore ($190 million). This action was taken under the Prevention of Money Laundering Act (PMLA) following First Information Reports (FIRs) filed by the CID Crime Police Station in Surat.
Along with cryptocurrency, authorities seized $15,582 in cash, a luxury SUV, and several digital devices during raids conducted in Gujarat.
The ED discovered that BitConnectās operators had created a web of transactions using multiple crypto wallets. However, through advanced tracking techniques and intelligence gathering, investigators identified the key wallets and their controllers, leading to the recent crackdown.
Background of BitConnect Fraud
BitConnect, which operated as an unregistered entity, established a vast network of promoters who earned commissions by recruiting new investors. The platformās founder, Satish Kumbhani, was charged by the U.S. Department of Justice in February 2022 for masterminding the fraud.
Under his leadership, BitConnect managed to collect a staggering $2.4 billion before shutting down in 2018, following cease-and-desist orders from U.S. regulators.
With the EDās ongoing investigation and the recent seizure of assets, authorities are ramping up efforts to bring the culprits to justice.
#IndianCryptoTrends #write2earnonbinancesquare #Bitconnect #ScamAwareness #SCAMalerts
$HIGH /USDT ā "Potential Rebound After Pullback"
$HIGH
Entry Zone: $1.00 - $1.02
Targets: $1.03 / $1.05 / $1.06
Stop Loss: Below $0.99
Market Insights:
HIGH/USDT experienced a strong upward move, reaching $1.06 before pulling back. The price is currently testing support around $1.01. Parabolic SAR dots are still above the price, indicating a downtrend, but the recent green candles suggest buyers may be stepping in.
Next Move: Wait for confirmation above $1.02 with increased volume to enter long positions. A break above $1.03 could signal continuation to $1.05 and $1.06. Be cautious if the price dips below $0.99, as this could indicate further downside.
#BNBChainMeme #PPIShockwave #TraderProfile #Write2Earn #write2earnonbinancesquare
$HIGH
Entry Zone: $1.00 - $1.02
Targets: $1.03 / $1.05 / $1.06
Stop Loss: Below $0.99
Market Insights:
HIGH/USDT experienced a strong upward move, reaching $1.06 before pulling back. The price is currently testing support around $1.01. Parabolic SAR dots are still above the price, indicating a downtrend, but the recent green candles suggest buyers may be stepping in.
Next Move: Wait for confirmation above $1.02 with increased volume to enter long positions. A break above $1.03 could signal continuation to $1.05 and $1.06. Be cautious if the price dips below $0.99, as this could indicate further downside.
#BNBChainMeme #PPIShockwave #TraderProfile #Write2Earn #write2earnonbinancesquare
$BAR /USDT ā "Breakout Rally in Progress"
$BAR
Entry Zone: $1.84 - $1.88
Targets: $1.90 / $1.92 / $1.95
Stop Loss: Below $1.82
Market Insights:
BAR/USDT surged from a low of $1.686 to a high of $1.900, showing strong bullish momentum. Parabolic SAR dots flipped below the price, confirming an uptrend. Current consolidation near $1.88 could serve as a base for the next leg up.
Next Move: Look for a breakout above $1.90 with strong volume to target $1.92 and $1.95. If the price holds $1.84 as support, it could present a solid long entry. A drop below $1.82 may invalidate the bullish structure.
#BNBChainMeme #PPIShockwave #CryptoLovePoems #Write2Earn! #write2earnonbinancesquare
$BAR
Entry Zone: $1.84 - $1.88
Targets: $1.90 / $1.92 / $1.95
Stop Loss: Below $1.82
Market Insights:
BAR/USDT surged from a low of $1.686 to a high of $1.900, showing strong bullish momentum. Parabolic SAR dots flipped below the price, confirming an uptrend. Current consolidation near $1.88 could serve as a base for the next leg up.
Next Move: Look for a breakout above $1.90 with strong volume to target $1.92 and $1.95. If the price holds $1.84 as support, it could present a solid long entry. A drop below $1.82 may invalidate the bullish structure.
#BNBChainMeme #PPIShockwave #CryptoLovePoems #Write2Earn! #write2earnonbinancesquare
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#EarnMoney $BTC
ā Write to earn ā Share ideas and get rewards.
ā Referral program ā Invite friends and earn commission.
ā Giveaways and sweepstakes ā Share and collect free tokens.
ā Learn and earn ā Watch educational content and earn rewards.
ā Binance tasks and events ā Complete tasks to get rewards.
With consistency, these strategies can turn small profits into $100, $500, or even $1000+ in the long run. Get started today and take advantage of free crypto opportunities! šš„
#Write2Earn
#write2earnonbinancesquare
#EarnMoney $BTC
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The $ETH /USDT trading pair is showing signs of bullish momentum, currently priced at $2,651.03, reflecting a +1.29% increase. The 24-hour high of $2,698.90 and a low of $2,611.78 indicate a relatively stable trading range, offering opportunities for both short-term traders and swing traders. With a 24-hour trading volume of 270,386.31 $ETH and 716.15M USDT, liquidity remains strong, allowing traders to enter and exit positions efficiently.
For profitable trading, consider monitoring key support at $2,611.78 and resistance at $2,698.90ābreakouts beyond these levels could signal strong momentum. Scalpers can capitalize on intraday volatility, while long-term investors may watch for sustained uptrends. Risk management is crucial, so setting stop-loss levels and tracking market sentiment will help optimize returns. Stay alert to price action and trade strategically!#BTCNextATH? #BNBChainMeme #BinanceAlphaAlert #1000CHEEMS&TSTOnBinance #write2earnonbinancesquare $ETH
For profitable trading, consider monitoring key support at $2,611.78 and resistance at $2,698.90ābreakouts beyond these levels could signal strong momentum. Scalpers can capitalize on intraday volatility, while long-term investors may watch for sustained uptrends. Risk management is crucial, so setting stop-loss levels and tracking market sentiment will help optimize returns. Stay alert to price action and trade strategically!#BTCNextATH? #BNBChainMeme #BinanceAlphaAlert #1000CHEEMS&TSTOnBinance #write2earnonbinancesquare $ETH
š Discover the power of AI with #OpenfabricAI! Leverage AI for smarter trades and writing rewards. Join the #TrendingTopic today! šš #trade2earn #write2earnonbinancesquare #OFN #binancesquare
#write2earnšš¹ ATTENTION! ATTENTION!! ATTENTION!!!
$BTC
š¢Important News About Binance Philippines:š±š±š±š±š±š±š±
š„Philippines orders removal of Binance from Google and Apple app stores:
š„KEY POINTS
The Philippinesā Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.
The agency accused Binance of offering unregistered securities to Filipinos and operating as an unregistered broker.
The regulator said that blocking Binance from app stores would help āprevent the further proliferation of its illegal activities in the country.ā
#BTC #Memecoins #bullbear #Token2049 #BTC #bitcoin $BTC $PEPE #write2earnonbinancesquare #write2earn
$BTC
š¢Important News About Binance Philippines:š±š±š±š±š±š±š±
š„Philippines orders removal of Binance from Google and Apple app stores:
š„KEY POINTS
The Philippinesā Securities and Exchange Commission sent letters to Google and Apple requesting the removal of Binance apps from their respective app stores.
The agency accused Binance of offering unregistered securities to Filipinos and operating as an unregistered broker.
The regulator said that blocking Binance from app stores would help āprevent the further proliferation of its illegal activities in the country.ā
#BTC #Memecoins #bullbear #Token2049 #BTC #bitcoin $BTC $PEPE #write2earnonbinancesquare #write2earn
New Future Short /Sell Trade
#RNDR/USDTš„
Entry Price 9.9 to 10.0
TP1 is 9.75
TP2 is 9.70
TP3 is 9.50,9.40,9.30,9.00
Stoploss according to your wallet
Stoploss 10.9
Use only 10% of your wallet
Leverage 5x to 20x
š@RazaTrader
$RNDR
#write2earnonbinancesquare
#RNDR/USDTš„
Entry Price 9.9 to 10.0
TP1 is 9.75
TP2 is 9.70
TP3 is 9.50,9.40,9.30,9.00
Stoploss according to your wallet
Stoploss 10.9
Use only 10% of your wallet
Leverage 5x to 20x
š@RazaTrader
$RNDR
#write2earnonbinancesquare
$BTC what do you think about BTC next move ?
next dip could be to 54k?
#written2earn
#write2earnonbinancesquare
next dip could be to 54k?
#written2earn
#write2earnonbinancesquare
New Spot Trade
$ENA
Entry Price 0.68 to 0.72
TP1 is 0.85
TP2 is 0.90
TP3 is 0.95 , 1.0
Only for Spot users
Holding time 3days to 7days
@RazaTrader
#altcoins
#ETFvsBTC
#write2earnonbinancesquare
$ENA
Entry Price 0.68 to 0.72
TP1 is 0.85
TP2 is 0.90
TP3 is 0.95 , 1.0
Only for Spot users
Holding time 3days to 7days
@RazaTrader
#altcoins
#ETFvsBTC
#write2earnonbinancesquare
#OFN
Openfabric artificial intelligence is one of the solid undertakings based on AI that was recently endorsed by GPU supplier NVIDIA š„
Passive earnings are possible through trading and staking. Recently, we attended the Asia Project and shared insights with people about how robust this project is ā„ļø
If #OFN gets listed on Binance, it could lead to huge market volume growth and elevate its status to the top level š„
Keep supporting the #OFN project š Leave your feedback and share this post š
#TrendingTopic
#write2earnonbinancesquare
Openfabric artificial intelligence is one of the solid undertakings based on AI that was recently endorsed by GPU supplier NVIDIA š„
Passive earnings are possible through trading and staking. Recently, we attended the Asia Project and shared insights with people about how robust this project is ā„ļø
If #OFN gets listed on Binance, it could lead to huge market volume growth and elevate its status to the top level š„
Keep supporting the #OFN project š Leave your feedback and share this post š
#TrendingTopic
#write2earnonbinancesquare
It's Big & Big #alert ABOUT $BTC Crash Update !!!
Why Bitcoin Price Dropped Today? When Will It Recover?
Bitcoin price falling to $56K triggered a broader crypto market selloff as traders book profits in anticipation of hawkish Fed and delay in rate cuts.
Bitcoin price is officially in a bear market as it is now down over 20% after falling for three consecutive days this week.
Investors pulled money out of the crypto market in anticipation of hawkish U.S. Federal Reserve retreat from three interest rate cuts this year.
Stagflation and sticky inflation concerns continue to mount amid no signs of slowing inflation and slow economic growth. The recent PCE data indicated persistent inflationary pressures and Q1 GDP growth of 1.6% showed stagflation.
Todayās Fed monetary policy decision and Chair Jerome Powell are crucial for the stock and crypto markets as investors brace for market crash jitters.
Bitcoin Price Falls Over 10% to $56K
BTC price fell over 10% in a day amid panic selling by retail investors after institutional investors considered rising risks to stay away from risk assets. Bitcoin currently changing hands at $57,000.
The 24-hour low and high are $56,555 and $62,121, respectively. Furthermore, the trading volume has increased by 70% in the last 24 hours.
Bitcoin is now down 22% from the all-time high of $73,803 in March, technically putting it in a bear market. But it is still up 35% year-to-date and double where it was this time last year due to large money inflow into spot Bitcoin exchange-traded funds (ETF) since January.
As demand wanes from spot Bitcoin ETF and investors didnāt see any factors for a recovery, they started booking profits, which triggered a broader crypto market selloff.
Macro Pressure Mounts
The US dollar index (DXY) rose to around 106.4 on Wednesday, marching again toward six-month highs as investors brace for key monetary policy decisions from the U.S.
Federal Reserve. The Fed is expected to keep interest rates unchanged amid strong US economic data and hot inflation.
#write2earnonbinancesquare #written2earn
Why Bitcoin Price Dropped Today? When Will It Recover?
Bitcoin price falling to $56K triggered a broader crypto market selloff as traders book profits in anticipation of hawkish Fed and delay in rate cuts.
Bitcoin price is officially in a bear market as it is now down over 20% after falling for three consecutive days this week.
Investors pulled money out of the crypto market in anticipation of hawkish U.S. Federal Reserve retreat from three interest rate cuts this year.
Stagflation and sticky inflation concerns continue to mount amid no signs of slowing inflation and slow economic growth. The recent PCE data indicated persistent inflationary pressures and Q1 GDP growth of 1.6% showed stagflation.
Todayās Fed monetary policy decision and Chair Jerome Powell are crucial for the stock and crypto markets as investors brace for market crash jitters.
Bitcoin Price Falls Over 10% to $56K
BTC price fell over 10% in a day amid panic selling by retail investors after institutional investors considered rising risks to stay away from risk assets. Bitcoin currently changing hands at $57,000.
The 24-hour low and high are $56,555 and $62,121, respectively. Furthermore, the trading volume has increased by 70% in the last 24 hours.
Bitcoin is now down 22% from the all-time high of $73,803 in March, technically putting it in a bear market. But it is still up 35% year-to-date and double where it was this time last year due to large money inflow into spot Bitcoin exchange-traded funds (ETF) since January.
As demand wanes from spot Bitcoin ETF and investors didnāt see any factors for a recovery, they started booking profits, which triggered a broader crypto market selloff.
Macro Pressure Mounts
The US dollar index (DXY) rose to around 106.4 on Wednesday, marching again toward six-month highs as investors brace for key monetary policy decisions from the U.S.
Federal Reserve. The Fed is expected to keep interest rates unchanged amid strong US economic data and hot inflation.
#write2earnonbinancesquare #written2earn