Bitcoin Price Crashes Into Fed Rates Call
Bitcoin price sold-off from $470 (Bitstamp) and 3100 CNY earlier today. A Fed rates announcement is widely expected to catalyze global market trends later on Wednesday, yet the bitcoin market just took profit, for good measure, before the Fed even spoke. A Federal Open Market Committee (FOMC) at 19h00 UTC today will make a rates announcement, and the market generally expects the Fed to refrain from hiking today and to do so in July instead. Today’s analysis outlook had remained unchanged since yesterday. Price action was animated below resistance and a continuing rally seemed more and more....
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Bitcoin funding rates had first fallen below the neutral level last month. Before that, the funding rates had been fluctuating at and below neutral for the longest time. This new trend has lasted longer than expected as the digital asset’s price continues to struggle. In this report, we take a look at the state of bitcoin funding rates as well as the implications if the present trend continues. Funding Rates Below Neutral When bitcoin funding rates had first fallen below neutral in June, the price of the digital asset was still trading well above $30,000. Since then though, multiple....
Bitcoin funding rates have taken a nosedive after massive sell-offs at the beginning of the week. Bitcoin had made a remarkable recovery coming out of a slow weekend but these sell-offs would quickly wipe off all of the gains made, and with it, the funding rates came crashing down. It led to one of the most brutal crashes in funding rates in recent history. This has seen it touch one of its lowest points since February. Factors Behind Decline The bitcoin funding rates had plummeted due to the sell-offs that were recorded on Monday night. Most notably had been the plunge in crypto exchange....
A new bot called Callcoin allows users to use the Telegram messaging app to make cheap international phone calls, paying only with bitcoin and recharge codes. Communicating to CCN, Callcoin said its international phone rates are 10 times cheaper than standard rates. 120 minutes, a group of Latvian-Canadian developers, created Callcoin. Callcoin uses callback rather than Voice Over Internet Protocol (VoIP), a feature which the company claims provides higher quality telephony than other call services. Cheaper International Rates. A Callcoin call from Canada to France gets charged 4 euro....
Hate missing out on those Bitcoin flash crashes or your opportunity to sell during those huge upswings? You need an alarm to alert you in these incidences, introducing BitAlarm.com. The service has relaunched, this time with SMS and phone call notifications. You can choose to receive text messages or phone calls with up-to-date price information. BitAlarm can even be customized to call you until you answer your phone, no more will you have to miss out. BitAlarm is far more than just Bitcoin notifications, you can choose to have alerts for other cryptocurrencies such as litecoin, dogecoin,....
Bitcoin funding rates have been dropping over the last couple of weeks. Even as the price of the digital asset had plummeted, causing some to call it being on ‘discount’, these funding rates have refused to move out of the negative territory. The past week has proven to be no different given that funding rates have exited the neutral territory entirely and remain low. Funding Rates Refuse To Budge Coming out of the last week has been a hard one for the crypto market. The bloodbath had sent the majority of the coins in the crypto market into the red and bitcoin had touched the $20,000 level....