The Fed yesterday signaled that far easier monetary policy is in store for 2024.
Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024
The U.S central bank Wednesday left its benchmark fed funds at a range of 5.25%-5.50%.
Federal Reserve 2024 rate cut could prove perfect catalyst for BTC halving
An increase in the Fed rate is considered bearish for the crypto market as it constrains the flow of funds into the market, while a rate cut is seen as bullish as it boosts risk appetite among investors.
Bitcoin Dips as U.S. November Job Growth of 199K Tops Estimates
Anticipating a slowdown in the economy and easier Fed monetary policy, investors have sharply bid down interest rates in the weeks leading up to this morning’s numbers.
Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too
The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.
Bitcoin Pushes Above $37.7K on Dovish Comments From Fed’s Waller
The recently hawkish Fed governor said rate cuts could be on the agenda if inflation continues to decline.
70% of BTC dormant for a year — 5 things to know in Bitcoin this week
Bitcoin faces a slow grind after earlier brisk BTC price gains, but the ingredients for a sustained rally are there, market data suggests.
Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens
Led by Chairman Jerome Powell, the Federal Reserve has halted the rise of interest rates. Will it be enough to fuel the surging market through Christmas?
Federal Reserve Leaves Rates Unchanged; Bitcoin Flat at $34.5K
Market participants will now turn to Fed Chair Jerome Powell’s post-meeting press conference to glean insight into the future path of U.S. central bank policy.
End of ‘Uptober’ targets $40K BTC price — 5 things to know in Bitcoin this week
Bitcoin holds higher BTC price levels into what looks to be a crunch week for crypto markets across the board.
Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K
A surge in CME BTC volumes and open interest highlight institutional investors’ growing interest in Bitcoin. Will it be enough to keep the price in the current range?
Mining BTC is harder than ever — 5 things to know in Bitcoin this week
Bitcoin wakes up to near $28,000 ahead of a jump to a new BTC mining difficulty record as billionaire investor Ray Dalio conjures the chilling thought of “World War III.“
Bitcoin price could hit $750K to $1M by 2026 — Arthur Hayes
BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why.
U.S. Added 336K Jobs in September, Nearly Doubling Expectations; Bitcoin Slips 1%
The unemployment rate TKTK
Macro factors to spark next crypto bull market in Q2 2024, Real Vision’s Raoul Pal says
Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal.
Is Bitcoin’s Bottom In Sight? Expert Analysis Says Yes
Bitcoin prices could be bottoming, looking at price charts, and this might be one more opportunity for the savvy to accumulate before prices rip higher, according to one optimistic analyst. Taking to X, the analyst, Cryptocon_, said the “Ultimate Oscillator” indicator suggests that Bitcoin is at a “cyclical bottom,” adding that for the “first time,” the indicator has crossed into the cycle bottom zone in the two-week time frame.
Bitcoin Likely Bottoming: Here’s Why
Whether this prognosis is accurate depends on how Bitcoin prices pan out in the next few trading sessions. However, Bitcoin prices have since added roughly 4% since Cryptocon_ first laid out the analysis.
Bitcoin is changing hands at around $28,000, up 12% from September lows. Following the sharp expansion on October 1 lifted BTC above September 2023 highs, a strong start for Q4 2023.
The Ultimate Oscillator is a momentum indicator built on moving averages. Technically, the indicator is based on the idea that prices tend to close near the highs or lows of the recent trading range.
Accordingly, based on Cryptocon_, Bitcoin is presently at “cyclical bottoms,” the same zone where BTC found support in the tail end of 2022 before bouncing off strongly in Q1 2023.
If historical performance guides, Cryptocon_ believes “Bitcoin is offering traders one last accumulation opportunity,” but “most people will squander the pullback predicting and worrying about the macro.” Current macroeconomic conditions favor another round of interest rate hikes, especially in the United States. Although the Federal Reserve (Fed) kept rates unchanged in the last session, there are concerns that another hawkish environment could crash the crypto market like it did in 2022.
Is BTC Heading Back To $32,000?
At press time, Bitcoin is trading above August 29 highs in what appears to be a continuation of the bull run set in motion in late August. Still, it is unclear whether Bitcoin bulls have the momentum to push on.
The daily trading chart shows that the coin is still trending inside the bear candlestick of August 17. The bar was wide-ranging with high trading volumes, cementing the bearish preview that continues to hold from the volume analysis perspective.
Despite buyers expecting more gains in the sessions ahead, there must be a solid close above August 17 with rising trading volumes, completely reversing losses of mid-August. This move will likely cancel out the bearish preview that, as aforementioned, holds. This might set the ball rolling for a leg up to $30,000 and $32,000 in the sessions ahead.
Is Bitcoin price going to crash again?
Bitcoin is still down 60% from its November 2021 all-time high, so many traders wonder if the BTC price could crash further in the coming months.
Bitcoin Slides Back Towards $26K as Surging Interest Rates Trigger Macro Jitters
The U.S. 10-year Treasury yield rose another nine basis points Wednesday to a new 16-year high of 4.63%.
Sky-high interest rates are exactly what the crypto market needs
We can no longer rely on central banks to prop up our investments, which means learning to look at the health of the companies and products in which we invest.
Bitcoin, Crypto Prices Little Changed as Federal Reserve Holds Interest Rates Steady
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.