Bitcoin Price Bubbling Under $500 After Fed Rates Lift-Off
Bitcoin price is trading sideways below $500 after the Fed fulfilled market expectations by raising its Fund Rate by 25 basis points. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. BTCC 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The rates "lift-off" is now a fact and a new economic era has begun. For how long it will go the way the Fed anticipates remains to be seen. In the meantime a US dollar rally....
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With another Fed funds rate announcement due, today, 28 October, market uncertainty in anticipation of a rates hike "lift-off" is rising. Today's GEO looks at the implications of a rates increase for the US dollar and the dynamics the Fed's indecision to commit to a "lift-off" date. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Mon 26 October. New Zealand Trade Balance (actual:-1222M expected:-822M previous:-1079M). Tue 27 October. UK Prelim GDP....
Digital currency markets have been gathering gains again moving past the lows seen a few weeks ago. This week crypto traders have been discussing over-the-counter (OTC) desks bubbling with demand for bitcoin as the co-founder of 21st Paradigm explained, “high net worth individuals [and] institutions want your bitcoin.” Analyst Says Big Market Players ‘Want Your Bitcoin’ Most traders either use decentralized exchange (dex) platforms or centralized exchange (cex) operations to acquire bitcoin (BTC) and a myriad of other digital currencies. However, high-net-worth....
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....
News of a major adoption move has no impact on lackluster BTC price action prior to government approval — can anything lift Bitcoin out of its range? Bitcoin (BTC) begins another week below $40,000 but with two major new landmarks under its belt.After falling over continued FUD from China over the weekend, Bitcoin adoption has also seen an unexpected first — from El Salvador and Paraguay.With the world potentially about to greet its first two “Bitcoin nations” in history, there’s plenty to be bullish about, but can BTC price action catch up?Cointelegraph takes a look at five things which....
As we reported last week, computational search engine WolframAlpha has finally changed their data source to include accurate bitcoin rates. Since first integrating bitcoin and recognized it as a currency, the engine had quoted rates from Mt. Gox - which, as you're likely aware, has been facing a series of issues with their insolvency. As such, users researching bitcoin on the site were presented with the last price before trading was halted completely, a rate of about $130/BTC. Meanwhile, at other exchanges, the going price per bitcoin was above $600. As of this writing, WolframAlpha is....