🔥Crypto Heats Up Under Pressure: Monetary Policy & Geopolitical Impact
Today's crypto price drop, including Bitcoin, is due to several main factors: 1. US Monetary Policy: The Federal Reserve (The Fed) delayed interest rate cuts until inflation reached its 2% target. This sparked concern in the market, as investors had previously expected interest rates to be cut soon. Uncertainty about interest rate policy often causes volatility in the crypto market, which is considered a risky asset. 2. Correlation with Equity Markets: The crypto market is currently heavily influenced by movements in the stock market, especially technology indices such as the NASDAQ. When tech stocks decline, crypto is also pressured. Fears of a recession due to tight monetary policy have also further weakened investor sentiment.
#WhaleAlert 🚨 The crypto market today showed some significant movements related to the actions of "whales" (large investors) that could affect the price. According to the latest data, although the price of Bitcoin had dropped slightly to around $64,310, some whales remained optimistic and made massive accumulations over the past months, indicating confidence in the long-term value of Bitcoin. These whale purchases often precede price increases, especially with the anticipation of the Bitcoin halving in 2024, which has usually triggered price increases in the past. However, it is worth noting that recently some whales appear to have stopped accumulating Bitcoin and are instead redistributing it back into the market. This could signal a potential change in market direction, where whale selling could depress the price further. Overall, although there is still uncertainty in the crypto market, whale accumulation indicates long-term expectations for price increases, especially with important events such as the Bitcoin halving approaching. #TipsTradingFutures #bullrun/SPOT #Whales🐋 #MemeWatch2024
"Blum Token Prediction: Price Spike and Airdrop That Will Make You Rich!"
This October, the Blum token price prediction is estimated to start from $0.05 to $2, depending on the listing on major exchanges such as Binance. Analysts predict that this token has the potential to rise to $5 in the next few months. Blum has attracted a lot of attention from the crypto community, especially because of its airdrop and support for hybrid exchange innovations that combine CEX and DEX. So, for those of you who are eyeing this token, get ready to join the airdrop or trade in October! Remember, always update information from the Blum community so you don't miss the moment!
Who doesn't know Dogecoin? From just a joke, Dogecoin has now become one of the most popular coins in the crypto world. There is much speculation that Doge could exceed expectations during this bullrun. With the support of a large community and the spotlight from public figures like Elon Musk, it is not impossible that the price of Dogecoin will soar sharply.
5 Reasons Why October's Crypto Bullrun Could Change Your Portfolio! 🚀
You must have heard about the bullrun in the crypto world, right? Well, this time, October 2024 is predicted to be the right moment for crypto to explode. What makes this October special? Check out the reasons below!
1. Bullrun History at the End of the Year 📅 Many crypto analysts call October a lucky month. Year after year, there is a pattern that shows a surge in crypto prices, especially towards the end of the year. This could be the time for you to make big profits!
Crypto Comeback: Will BNB and Bitcoin Break Records as CZ Returns??
Here’s the latest captivating news in the world of cryptocurrency on September 29, 2024: 1. Binance Coin (BNB) is poised for a massive surge, with predictions suggesting it could reach $900. This anticipation stems from the imminent release of Binance CEO Changpeng Zhao (CZ), who has been serving time in prison. His return is expected to restore confidence in Binance, which has already driven BNB prices up by 20% since early September. 2. Bitcoin is also on an upw
Changpeng Zhao (CZ), the founder of Binance, has just been released from prison earlier than expected. CZ was originally scheduled to be released on September 29, 2024, but he was released on September 27, two days earlier because his release date fell on a weekend. He previously served a four-month prison sentence for violating Binance's anti-money laundering regulations. In addition to serving his prison sentence, CZ also paid a personal fine of $50 million, while Binance was fined $4.3 billion.
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The term “bullrun” in the context of financial markets refers to a period in which the price of an asset, such as stocks or cryptocurrencies, experiences a significant and sustained increase. In relation to the month of October, there is a perception among some investors that October can be a bullish month, especially in the context of stocks or crypto. However, there is no absolute guarantee that October will always be a bull run month, as this is highly dependent on various economic factors, government policies, market sentiment, and global events.
🔎Dogecoin (DOGE) market analysis from September 1 to 27, 2024 shows quite volatile price movements. Throughout the month, the Dogecoin price ranged from $0.099 to $0.11. At the beginning of the month, DOGE faced strong selling pressure, with the RSI showing a downward trend and market sentiment tending to be bearish. The price briefly dropped below $0.11 due to the selling that dominated the market.
However, towards the end of the month, there was potential for a bullish breakout. On September 26 and 27, DOGE began to show signs of improvement with the price holding around $0.11 and a falling wedge pattern appearing that could trigger a price increase of up to 45% if the breakout occurs. Analysts predict that the DOGE price could surge to $0.15 or higher if the bullish momentum continues.
Overall, despite the volatility and bearish pressure for most of the month, the potential for a long-term increase is still open if DOGE manages to break through important resistance levels.