Bitcoin Price Cautious Into Fed Announcement
Bitcoin price, like most markets, is crawling into Wednesday’s Federal Open Market Committee rates announcement. The slow rate of progress in the 1hr and 4hr charts is likely to change in the coming 24 hours as a Fed rates announcement looms at 19h00 UTC tomorrow, Wednesday 21 September. Wider market consensus appears to be that the Federal Open Market Committee (FOMC) is unlikely to raise its funds rate tomorrow, and that the Committee will defer a rates hike to December. The announcement should prompt the market to continue advancing toward $680 (Bitstamp) and for price to gain upward....
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Bitcoin price is back above $50,000 after a short-lived correction in the range below the key level. However, since the cryptocurrency has reclaimed the halfway point to $100K, open interest has skyrocketed. The sudden sharp increase in open interest has traders cautious currently. Here’s a closer look at why that’s the case and what could […]
Not saying that the US election results could impact an independent market like Bitcoin, one can still see digital currency traders mirroring stock market traders’ cautious take. Traders might want to take a break as the race for next presidential election gets tighter with each passing day. The world’s leading markets, namely S&P 500 (-2%), Dow Jones (-1.5%), Nasdaq Composite (-2.8%), have encountered a short burst of volatility, illustrating how speculators are giving too much weightage to pre-poll readings. These are, however, just cautious parameters amid uncertain....
Malaysia’s Central Bank has chimed in with a couple of other countries to issue policy statements on Bitcoin at the beginning of this new year. Bank Negara Malaysia said in an announcement on its website that it would not consider Bitcoin as legal tender, nor would it take any steps to regulate it. “The public is therefore advised to be cautious of the risks associated with the usage of such digital currency,” the statement read. This strongly mirrors the policy set forth by an announcement from Singapore’s central bank just before Christmas. The ramifications of this announcement are not....
Bitcoin price action is awkward due to hesitancy and frequent profit taking. Yet, price has continued pushing higher all day and we look at the prospects going into tomorrow's Fed Rate announcement. 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: 14h30 UTC. BTCC 1-Hour Chart. From the analysis pages of xbt.social, earlier today: The bitcoin price chart looks to be pushing higher despite tomorrow being a day best spent out of the market.....
In a recent development, a prominent figure in the XRP community has explained why members of the community should be careful about being so excited about a Ripple IPO. Using historical data, she elaborated on why an IPO isn’t as straightforward and profitable as some might think. Why Investors Should Be Cautious In a post shared on her X (formerly Twitter) platform, Crypto Eri revealed how investors aren’t excited about IPOs in what sounded like a note of warning to those who are ready to go all in if Ripple were to go public. Related Reading: Countdown to Chaos: Ethereum Insider To....