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🟠 Велика гонка #Bitcoin   $ 2024 🔥
$BTC #BTC  

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📊 Crypto market reaction to the Fed's aggressive rate cut. Analysts at 10x Research believe that an aggressive 50 basis point rate cut by the Fed could negatively impact the crypto market, writes CoinDesk. This reaction may arise because aggressive rate cuts often indicate deeper economic problems, which is a negative sign for risk assets. 🔜 The Fed meeting is on September 18, and the outcome is just around the corner.

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💬 This Analyst Always Has a Bullish Forecast : Comparison of Japan's Nikkei 225 Stock Market Index and #BTC 💸

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😭 "THIS IS THE WORST #BITCOIN CYCLE EVER!” NOPE! • In 2016, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was struggling near the red-line floor/support. This was a worse scenario. • In 2020, 20,200 ₿itcoin ₿locks after the halving, ₿itcoin was between green-line linear-regression and red-line floor/support. Same as today. • Today, in 2024, 20,200 ₿itcoin ₿locks after the halving, just like in 2020, ₿itcoin is between green-line linear-regression and red-line floor/support.

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📊 Analyst Predicts Significant #Ethereum Price Drop A crypto analyst, Justin Bennett, has issued a stern warning regarding Ethereum, forecasting a substantial decline in its price. Communicating with his 111,100 followers on social media platform X, Bennett highlighted that Ethereum is once again testing the diagonal support within its rising channel pattern. 🔸 What is a Rising Channel Pattern? A rising channel pattern suggests that an asset is achieving higher highs and higher lows. However, this pattern can break if the price dips below the lower support line. According to Bennett, a crucial moment lies ahead for Ethereum, with potential for a brief bounce but an eventual significant drop. 🔸 Possible Drop for Ethereum? Bennett’s chart analysis indicates that Ethereum might fall below the channel’s support and retreat to a long-term trend line. He recalls predicting last year that #ETH could drop to $700, which would mean a decline of over 69% from its current value of $2,278. 🔸 Analysis and Market Impact • Bennett suggests that expectations of a Fed rate cut might not result in sustainable price increases for Ethereum. • He cautions investors against assuming that short-term rallies will lead to long-term gains. • Bennett emphasizes the importance of assessing current market conditions before making investment decisions. Despite Bennett’s analysis, uncertainties about Ethereum’s future remain, influenced by market dynamics and global economic indicators. Investors are advised to conduct their own research and carefully manage risks based on such expert insights. This type of analysis can be beneficial for risk management, yet each investor must undertake their own due diligence to make informed decisions.

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🔥 $$Top Cryptos to Buy on the Dip for Maximum Gains in 2024 In view of the volatile nature of cryptocurrencies, prominent coins like Bitcoin, Uniswap, Binance Coin, Toncoin are taking the lead in decentralized finance. These digital currencies provide excellent opportunities for investors who wish to capture growth and innovation even when the market slows down. 🔸 Bitcoin (#BTC ): The Pioneer of Decentralized Currency Bitcoin was introduced in 2009 controlled by organizational structure, this coin allows users to exchange directly without help from any no negotiator. Bitcoin is mostly used to store value and as a means of payment. This system uses its own trust ledger called blockchain and has become a trend setter in the creation of newer coins. 🔸 Binance Coin (#BNB ): Fueling the World’s Largest Crypto Exchange Binance coin(BNB) utility tokens with a multi-dimensional use. BNB conducted in 2017 was used primarily as the means of payment . Over the years, the use of this token has evolved to cover a growing number of features within the Binance ecosystem including Binance Chain, Binance Smart Chain, et al. BNB comes with elaborate advantages such as discounts on trading fees and offers for participating in sales of tokens. 🔸 Uniswap (#UNI ): Revolutionizing Decentralized Trading Launched in 2018, Uni is a protocol for exchanging cryptocurrency focusing on DeFi token exchange through an AMM less third party CEX protocol which takes permission to trade instead of request it. This allows users to swap tokens without sending them to exchanges as liquidity providers through smart contracts. The UNI which was launched in 2020 was designed for governance purposes of the protocol. 🔸 Toncoin (#TON ): Building on The Open Network Toncoin is the official money of the Telegram Open Network (TON), which was created by the Telegram team. One of the aims of the TON is to develop a fast and scalable block chain which will function as a part of the backbone of the Telecommunications Company Telegram.

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Останні новини

Kalshi очікує рішення щодо ринків прогнозування виборів

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Маск може бути викликаний парламентом Великої Британії через роль на платформі X

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Plume Network запускає токенізоване Mineral Vault на тлі високого попиту

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Трейдер Юджин Нг А Сіо зберігає довгі позиції в кількох криптовалютах

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Тонкоїн загрожує можливе падіння через придушення Telegram

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