FED Announcement Pushes Bitcoin Price Up, Will BTC Sustain Momentum?
Market expectations were met as the U.S. Federal Reserve (FED) announced an interest rate hike of 25 bps pushing Bitcoin into the green. The cryptocurrency was hinting at bullish price action during the week, as today’s Federal Open Market Committee (FOMC) closed in. Related Reading | Mike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year At the time of writing, Bitcoin trades at $41,300 with 5% profits on the last day. BTC’s price was able to break above this price point after a brief period of volatility as FED Chair Jerome Powell began its intervention. BTC’s....
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XRP has broken past the $1.7 level, signaling a renewed push by the bulls to dominate the market. This critical move has sparked excitement among traders, fueling speculation about its capability for further gains. As momentum builds, the spotlight shifts to whether the altcoin can sustain this strength and continue its upward trajectory. This article […]
Toncoin price performance has been one of the brightest spots in the cryptocurrency market in a week that has been rather slow for the large-cap assets. While Bitcoin has struggled to achieve its dream of a $100,000 valuation, tokens like Toncoin (TON), Stellar (XLM), and XRP have continued to soar with double-digit returns. Specifically, TON seems to be finally coming to life after a somewhat sluggish start to the month of November. However, the question that would probably be lingering on several investors’ minds is — how long can the Toncoin price sustain this bullish momentum? Is....
Trading with a slightly negative bias, Bitcoin has slipped to $244.28, down 0.94 percent yesterday. Even though the uptrend is intact, Bitcoin has failed to sustain above a key technical level which has led to severe deteriorations in the technical indicators. Let us discuss each of the factors in the technical analysis of the daily BTC-USD price chart below. Bitcoin Chart Structure - As has been marked in the chart above, the upward channel in which Bitcoin has been trading since the last week of September clearly holds. However, as discussed earlier, Bitcoin has failed to sustain above....
Break of psychological threshold pushes largest cryptocurrency's year-to-date return to 70%, as a new breed of upstart tokens pushes industry market cap past $1.5T.
With bitcoin’s price falling, how much more loss can the market sustain and is there more short-term downside?