Crystal Crest
61 Posts
Crystal Crest
Report
Block User
28 Following
102 Followers
81 Liked
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Quotes
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Bullish
why many fail in trading .
1. Don't trade by the news but prepare yourself by the news . $BNB being bullish doesn't mean $BNB will continue to be bullish . prepare for the next bullish.
2. Stick to your strategy even if it is not working. Take a break , assess your strategy and wait for the right time . Using a strategy you know nothing about is like gambling .
3. Do not panic or lose focus . The market is like a swing , it goes up and down .
4. Get close to the market always to know market movements . Don't trade anything you know nothing about .
5.Don't trade with your heart, trade with your mind . The market is about to turn bullish , be careful or while others are gaining you will be losing . $BTC
why many fail in trading .
1. Don't trade by the news but prepare yourself by the news . $BNB being bullish doesn't mean $BNB will continue to be bullish . prepare for the next bullish.
2. Stick to your strategy even if it is not working. Take a break , assess your strategy and wait for the right time . Using a strategy you know nothing about is like gambling .
3. Do not panic or lose focus . The market is like a swing , it goes up and down .
4. Get close to the market always to know market movements . Don't trade anything you know nothing about .
5.Don't trade with your heart, trade with your mind . The market is about to turn bullish , be careful or while others are gaining you will be losing . $BTC
1. Don't trade by the news but prepare yourself by the news . $BNB being bullish doesn't mean $BNB will continue to be bullish . prepare for the next bullish.
2. Stick to your strategy even if it is not working. Take a break , assess your strategy and wait for the right time . Using a strategy you know nothing about is like gambling .
3. Do not panic or lose focus . The market is like a swing , it goes up and down .
4. Get close to the market always to know market movements . Don't trade anything you know nothing about .
5.Don't trade with your heart, trade with your mind . The market is about to turn bullish , be careful or while others are gaining you will be losing . $BTC
1
73
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Bullish
PREPARING FOR A CHANGE IN TREND
The coins are preparing for uptrend . The coins one should keep watch is $TRUMP , $XRP ,$PEPE , for example trump will not go less than $30 at the end of next year . When coins are in down trend , small change in eurusdt will result in high change in major cryptocurrencies and vice versa . when trading, try to check major trends and the current trend of eurusdt#Binance .This is the current shape of eurusdt all all coins are going to follow suit
PREPARING FOR A CHANGE IN TREND
The coins are preparing for uptrend . The coins one should keep watch is $TRUMP , $XRP ,$PEPE , for example trump will not go less than $30 at the end of next year . When coins are in down trend , small change in eurusdt will result in high change in major cryptocurrencies and vice versa . when trading, try to check major trends and the current trend of eurusdt#Binance .This is the current shape of eurusdt all all coins are going to follow suit
The coins are preparing for uptrend . The coins one should keep watch is $TRUMP , $XRP ,$PEPE , for example trump will not go less than $30 at the end of next year . When coins are in down trend , small change in eurusdt will result in high change in major cryptocurrencies and vice versa . when trading, try to check major trends and the current trend of eurusdt#Binance .This is the current shape of eurusdt all all coins are going to follow suit
164
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Bullish
I was once here and predicted that Trump will fall to before rising . It's time to buy it you mean business . Trumpcoin will not go down again
I was once here and predicted that Trump will fall to before rising . It's time to buy it you mean business . Trumpcoin will not go down again
1
193
#CryptoMeteorShower Catch the crypto meteor shower from the #BinanceTurns8 celebration! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
#CryptoMeteorShower Catch the crypto meteor shower from the #BinanceTurns8 celebration! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
3
#CryptoMeteorShower Catch the crypto meteor shower from the #BinanceTurns8 celebration! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
#CryptoMeteorShower Catch the crypto meteor shower from the #BinanceTurns8 celebration! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
3
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Bullish
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
4
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_YRVKG
1
Statistics Canada released Q2 2024 Gross Domestic Product (GDP) on Friday and revealed economic activity grew more than expected, though it relied heavily on government spending (up +6.7%). On an annualised basis, GDP rose +2.1%, comfortably surpassing economists’ estimates and the BoC’s forecast of +1.5%. Albeit an impressive start to the first half of the year, under the hood shows it’s not all it’s cracked up to be. GDP per capita declined -0.1% (marking a fifth consecutive quarterly decline), and month-on-month GDP was flat in June. According to the flash estimate, July is also poised for another flat reading, lending to a weak Q3.
@Binance_Square_Official @Binance_Announcement
With a rate cut baked in, this is unlikely to generate much ‘surprise’; therefore, we can expect a limited market response. Traders will focus on the language from the rate statement and the press conference for clues of further easing, potentially weighing on the Canadian dollar (CAD) and underpinning the USD/CAD currency pair, which ended August lower by -2.3%.
@Binance_Announcement @Binance_Square_Official
Statistics Canada released Q2 2024 Gross Domestic Product (GDP) on Friday and revealed economic activity grew more than expected, though it relied heavily on government spending (up +6.7%). On an annualised basis, GDP rose +2.1%, comfortably surpassing economists’ estimates and the BoC’s forecast of +1.5%. Albeit an impressive start to the first half of the year, under the hood shows it’s not all it’s cracked up to be. GDP per capita declined -0.1% (marking a fifth consecutive quarterly decline), and month-on-month GDP was flat in June. According to the flash estimate, July is also poised for another flat reading, lending to a weak Q3.
@Binance Square Official @Binance Announcement
With a rate cut baked in, this is unlikely to generate much ‘surprise’; therefore, we can expect a limited market response. Traders will focus on the language from the rate statement and the press conference for clues of further easing, potentially weighing on the Canadian dollar (CAD) and underpinning the USD/CAD currency pair, which ended August lower by -2.3%.
@Binance Announcement @Binance Square Official
@Binance Square Official @Binance Announcement
With a rate cut baked in, this is unlikely to generate much ‘surprise’; therefore, we can expect a limited market response. Traders will focus on the language from the rate statement and the press conference for clues of further easing, potentially weighing on the Canadian dollar (CAD) and underpinning the USD/CAD currency pair, which ended August lower by -2.3%.
@Binance Announcement @Binance Square Official
4
Further explanation of this week events
@Binance_Announcement
Before the headline employment numbers, US JOLTs Job Openings will be released on Wednesday, and the ADP non-farm employment change and weekly unemployment claims will be released on Thursday. We also get the Institute for Supply Management (ISM) data for August for manufacturing (Tuesday) and services (Thursday).
#BNBChainMemecoins
BoC: Third rate cut?
The BoC claims a portion of the limelight on Wednesday this week, scheduled to deliver an update at 1:45 pm GMT. As of writing, -29 basis points of easing is priced in for this announcement, meaning investors are anticipating another 25 basis point rate cut, bringing the Overnight Policy Rate to 4.25% and marking a third successive rate cut for the central bank. For the year, investors expect another two rate cuts following this, with a 25 basis point reduction at October and November’s meetings. And the economic landscape in Canada appears to justify rate cuts.
@Binance_Announcement
The year-on-year CPI inflation (Consumer Price Index) eased to its lowest levels since early 2021 at +2.5% in July (2024), down from +2.7% in June, remaining within the BoC’s inflation band of 1-3%. The BoC’s preferred measures of inflation, ‘CPI Median’ and ‘CPI Trim’, also pulled back to +2.4% and +2.7%, respectively, bringing the average of the two measures to +2.55%, down from +2.75%. At the July meeting, BoC Governor Tiff Macklem communicated that if further progress on disinflation is observed, it is ‘reasonable to expect further cuts in the policy interest rate’.
@Binance_Square_Official
Regarding the labour market, unemployment remained at 6.4% for a second consecutive month in July (2024), unchanged from early 2022 peaks. Employment growth also fell by -2,800 in July, following a marginal fall of -1,400 in June. However, Statistics Canada noted: ‘Full-time positions saw an increase of 62K workers, while part-time jobs dropped by 64K’.
@BNBNepal @Binance_Square_Official
Further explanation of this week events
@Binance Announcement
Before the headline employment numbers, US JOLTs Job Openings will be released on Wednesday, and the ADP non-farm employment change and weekly unemployment claims will be released on Thursday. We also get the Institute for Supply Management (ISM) data for August for manufacturing (Tuesday) and services (Thursday).
#BNBChainMemecoins
BoC: Third rate cut?
The BoC claims a portion of the limelight on Wednesday this week, scheduled to deliver an update at 1:45 pm GMT. As of writing, -29 basis points of easing is priced in for this announcement, meaning investors are anticipating another 25 basis point rate cut, bringing the Overnight Policy Rate to 4.25% and marking a third successive rate cut for the central bank. For the year, investors expect another two rate cuts following this, with a 25 basis point reduction at October and November’s meetings. And the economic landscape in Canada appears to justify rate cuts.
@Binance Announcement
The year-on-year CPI inflation (Consumer Price Index) eased to its lowest levels since early 2021 at +2.5% in July (2024), down from +2.7% in June, remaining within the BoC’s inflation band of 1-3%. The BoC’s preferred measures of inflation, ‘CPI Median’ and ‘CPI Trim’, also pulled back to +2.4% and +2.7%, respectively, bringing the average of the two measures to +2.55%, down from +2.75%. At the July meeting, BoC Governor Tiff Macklem communicated that if further progress on disinflation is observed, it is ‘reasonable to expect further cuts in the policy interest rate’.
@Binance Square Official
Regarding the labour market, unemployment remained at 6.4% for a second consecutive month in July (2024), unchanged from early 2022 peaks. Employment growth also fell by -2,800 in July, following a marginal fall of -1,400 in June. However, Statistics Canada noted: ‘Full-time positions saw an increase of 62K workers, while part-time jobs dropped by 64K’.
@BNB Nepal @Binance Square Official
@Binance Announcement
Before the headline employment numbers, US JOLTs Job Openings will be released on Wednesday, and the ADP non-farm employment change and weekly unemployment claims will be released on Thursday. We also get the Institute for Supply Management (ISM) data for August for manufacturing (Tuesday) and services (Thursday).
#BNBChainMemecoins
BoC: Third rate cut?
The BoC claims a portion of the limelight on Wednesday this week, scheduled to deliver an update at 1:45 pm GMT. As of writing, -29 basis points of easing is priced in for this announcement, meaning investors are anticipating another 25 basis point rate cut, bringing the Overnight Policy Rate to 4.25% and marking a third successive rate cut for the central bank. For the year, investors expect another two rate cuts following this, with a 25 basis point reduction at October and November’s meetings. And the economic landscape in Canada appears to justify rate cuts.
@Binance Announcement
The year-on-year CPI inflation (Consumer Price Index) eased to its lowest levels since early 2021 at +2.5% in July (2024), down from +2.7% in June, remaining within the BoC’s inflation band of 1-3%. The BoC’s preferred measures of inflation, ‘CPI Median’ and ‘CPI Trim’, also pulled back to +2.4% and +2.7%, respectively, bringing the average of the two measures to +2.55%, down from +2.75%. At the July meeting, BoC Governor Tiff Macklem communicated that if further progress on disinflation is observed, it is ‘reasonable to expect further cuts in the policy interest rate’.
@Binance Square Official
Regarding the labour market, unemployment remained at 6.4% for a second consecutive month in July (2024), unchanged from early 2022 peaks. Employment growth also fell by -2,800 in July, following a marginal fall of -1,400 in June. However, Statistics Canada noted: ‘Full-time positions saw an increase of 62K workers, while part-time jobs dropped by 64K’.
@BNB Nepal @Binance Square Official
5
Week ahead: US labour data and the BoC rate announcement in focused
@Binance_Announcement
US employment situation report
Bank of Canada (BoC) rate announcement
US jobs data
@BNBNepal
With US Federal Reserve (Fed) Chair Jerome Powell’s recent speech at the Jackson Hole Symposium confirming that it is time to begin easing policy as well as underlining the importance of the jobs market, this week’s jobs data may help determine how the Fed approaches its easing cycle. Markets are pricing in -33 basis points of easing for September’s meeting. To put that into perspective, there is a 70% probability of a 25 basis point rate cut in September over a 30% chance of a 50 basis point cut. Additionally, investors still forecast -100 basis points of cuts for the entire year (four rate cuts).
@Binance_Announcement
Friday’s US employment situation report is key at 12:30 pm GMT. This follows the broad downside surprises across key measures for July (2024), triggering declines in US Treasury yields and the US dollar (USD). According to the Reuters poll, the median estimate for the August non-farm payrolls report indicates 163,000 jobs were added to the US economy, up from 114,000 in July. The unemployment rate for August is expected to ease to +4.2% from +4.3% in July, while average hourly earnings wage growth is estimated to modestly increase in August on both month-on-month and year-on-year measures to +0.3% (from +0.2%) and +3.7% (from +3.6%).
#BNBChainMemecoins
In the event of further softness in data this week, this could swing the pendulum more in favour of a bulky 50 basis point rate cut. This may also further weigh on US Treasury yields and the USD. However, the issue with US equity markets is that bad news may not necessarily be good news based on recession fears, meaning a soft number could send stocks lower.
Week ahead: US labour data and the BoC rate announcement in focused
@Binance Announcement
US employment situation report
Bank of Canada (BoC) rate announcement
US jobs data
@BNB Nepal
With US Federal Reserve (Fed) Chair Jerome Powell’s recent speech at the Jackson Hole Symposium confirming that it is time to begin easing policy as well as underlining the importance of the jobs market, this week’s jobs data may help determine how the Fed approaches its easing cycle. Markets are pricing in -33 basis points of easing for September’s meeting. To put that into perspective, there is a 70% probability of a 25 basis point rate cut in September over a 30% chance of a 50 basis point cut. Additionally, investors still forecast -100 basis points of cuts for the entire year (four rate cuts).
@Binance Announcement
Friday’s US employment situation report is key at 12:30 pm GMT. This follows the broad downside surprises across key measures for July (2024), triggering declines in US Treasury yields and the US dollar (USD). According to the Reuters poll, the median estimate for the August non-farm payrolls report indicates 163,000 jobs were added to the US economy, up from 114,000 in July. The unemployment rate for August is expected to ease to +4.2% from +4.3% in July, while average hourly earnings wage growth is estimated to modestly increase in August on both month-on-month and year-on-year measures to +0.3% (from +0.2%) and +3.7% (from +3.6%).
#BNBChainMemecoins
In the event of further softness in data this week, this could swing the pendulum more in favour of a bulky 50 basis point rate cut. This may also further weigh on US Treasury yields and the USD. However, the issue with US equity markets is that bad news may not necessarily be good news based on recession fears, meaning a soft number could send stocks lower.
@Binance Announcement
US employment situation report
Bank of Canada (BoC) rate announcement
US jobs data
@BNB Nepal
With US Federal Reserve (Fed) Chair Jerome Powell’s recent speech at the Jackson Hole Symposium confirming that it is time to begin easing policy as well as underlining the importance of the jobs market, this week’s jobs data may help determine how the Fed approaches its easing cycle. Markets are pricing in -33 basis points of easing for September’s meeting. To put that into perspective, there is a 70% probability of a 25 basis point rate cut in September over a 30% chance of a 50 basis point cut. Additionally, investors still forecast -100 basis points of cuts for the entire year (four rate cuts).
@Binance Announcement
Friday’s US employment situation report is key at 12:30 pm GMT. This follows the broad downside surprises across key measures for July (2024), triggering declines in US Treasury yields and the US dollar (USD). According to the Reuters poll, the median estimate for the August non-farm payrolls report indicates 163,000 jobs were added to the US economy, up from 114,000 in July. The unemployment rate for August is expected to ease to +4.2% from +4.3% in July, while average hourly earnings wage growth is estimated to modestly increase in August on both month-on-month and year-on-year measures to +0.3% (from +0.2%) and +3.7% (from +3.6%).
#BNBChainMemecoins
In the event of further softness in data this week, this could swing the pendulum more in favour of a bulky 50 basis point rate cut. This may also further weigh on US Treasury yields and the USD. However, the issue with US equity markets is that bad news may not necessarily be good news based on recession fears, meaning a soft number could send stocks lower.
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Bearish
#MarketDownturn NEWS OF CPI AND IT'S EFFECTS ON CRYPTOCURRENCY
The crypto market has experienced significant turbulence this month, with Bitcoin's price dropping over 20% ¹. The Consumer Price Index (CPI) has had a substantial impact on the crypto market, as it measures inflation and influences investor sentiment ².
$BNB
A rise in CPI can lead to increased demand for cryptocurrencies, as investors seek hedges against inflation ². However, the relationship between CPI and crypto is complex and influenced by various factors, including global economic conditions, political developments, and regulatory pressures ¹.
#BinanceLaunchpoolTON
For example, the recent CPI data release showed a mixed result, with a 0.4% monthly increase and a 4.9% yearly increase, which was slightly below expectations ². This led to a temporary surge in crypto prices, demonstrating the significant impact of CPI on the crypto market ².
#BinanceHODLerBANANA
To navigate these market dynamics, it's crucial for investors to stay informed about CPI releases and understand the complex interplay between CPI and crypto ².
#MarketDownturn NEWS OF CPI AND IT'S EFFECTS ON CRYPTOCURRENCY
The crypto market has experienced significant turbulence this month, with Bitcoin's price dropping over 20% ¹. The Consumer Price Index (CPI) has had a substantial impact on the crypto market, as it measures inflation and influences investor sentiment ².
$BNB
A rise in CPI can lead to increased demand for cryptocurrencies, as investors seek hedges against inflation ². However, the relationship between CPI and crypto is complex and influenced by various factors, including global economic conditions, political developments, and regulatory pressures ¹.
#BinanceLaunchpoolTON
For example, the recent CPI data release showed a mixed result, with a 0.4% monthly increase and a 4.9% yearly increase, which was slightly below expectations ². This led to a temporary surge in crypto prices, demonstrating the significant impact of CPI on the crypto market ².
#BinanceHODLerBANANA
To navigate these market dynamics, it's crucial for investors to stay informed about CPI releases and understand the complex interplay between CPI and crypto ².
The crypto market has experienced significant turbulence this month, with Bitcoin's price dropping over 20% ¹. The Consumer Price Index (CPI) has had a substantial impact on the crypto market, as it measures inflation and influences investor sentiment ².
$BNB
A rise in CPI can lead to increased demand for cryptocurrencies, as investors seek hedges against inflation ². However, the relationship between CPI and crypto is complex and influenced by various factors, including global economic conditions, political developments, and regulatory pressures ¹.
#BinanceLaunchpoolTON
For example, the recent CPI data release showed a mixed result, with a 0.4% monthly increase and a 4.9% yearly increase, which was slightly below expectations ². This led to a temporary surge in crypto prices, demonstrating the significant impact of CPI on the crypto market ².
#BinanceHODLerBANANA
To navigate these market dynamics, it's crucial for investors to stay informed about CPI releases and understand the complex interplay between CPI and crypto ².
391
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Bullish
$BTC is bullish .The announcement of CPI at 7:30 East will raise the price of crypto currency .This because inflation will go high since NFP decreased this month and as most people are expecting crypto market to go down it will rather goes up because there will be pressure on crypto market .
$BTC is bullish .The announcement of CPI at 7:30 East will raise the price of crypto currency .This because inflation will go high since NFP decreased this month and as most people are expecting crypto market to go down it will rather goes up because there will be pressure on crypto market .
193
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Bullish
$XRP trend analysis from 30 minutes chat indicates that $XRP is bullish from now
$XRP trend analysis from 30 minutes chat indicates that $XRP is bullish from now
2
3
427
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Bullish
$BTC Today's market trend seems neutral but since they are all waiting for the outcome from the CPI announcement tomorrow ,the market will be little bit higher than before . Also don't forget tomorrow market will be volatile starting from this evening .#CryptoMarketMoves
$BTC Today's market trend seems neutral but since they are all waiting for the outcome from the CPI announcement tomorrow ,the market will be little bit higher than before . Also don't forget tomorrow market will be volatile starting from this evening .#CryptoMarketMoves
875
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Bullish
$XRP XRP UPTREND CONTINUES @XRP_HOLDERS
XRP is predicted to continue its uptrend this week, with a positive outlook for the next 30 days ¹. The current price of XRP is $0.59, with a 24-hour change of +0.77% ¹. The predicted high for XRP in the next 30 days is $0.62, with a low of $0.59 ¹.
#XRPPredictions
Here's a breakdown of the predicted prices for the next week:
- *August 12, 2024*: $0.59
- *August 13, 2024*: $0.59
- *August 14, 2024*: $0.59
- *August 15, 2024*: $0.59
- *August 16, 2024*: $0.59
- *August 17, 2024*: $0.59
- *August 18, 2024*: $0.59
- *August 19, 2024*: $0.60
- *August 20, 2024*: $0.60
- *August 21, 2024*: $0.60
- *August 22, 2024*: $0.60
- *August 23, 2024*: $0.60
- *August 24, 2024*: $0.60
- *August 25, 2024*: $0.60
- *August 26, 2024*: $0.60
- *August 27, 2024*: $0.60
- *August 28, 2024*: $0.60
- *August 29, 2024*: $0.61
- *August 30, 2024*: $0.61
- *August 31, 2024*: $0.61 ¹
$XRP XRP UPTREND CONTINUES @Analytix
XRP is predicted to continue its uptrend this week, with a positive outlook for the next 30 days ¹. The current price of XRP is $0.59, with a 24-hour change of +0.77% ¹. The predicted high for XRP in the next 30 days is $0.62, with a low of $0.59 ¹.
#XRPPredictions
Here's a breakdown of the predicted prices for the next week:
- *August 12, 2024*: $0.59
- *August 13, 2024*: $0.59
- *August 14, 2024*: $0.59
- *August 15, 2024*: $0.59
- *August 16, 2024*: $0.59
- *August 17, 2024*: $0.59
- *August 18, 2024*: $0.59
- *August 19, 2024*: $0.60
- *August 20, 2024*: $0.60
- *August 21, 2024*: $0.60
- *August 22, 2024*: $0.60
- *August 23, 2024*: $0.60
- *August 24, 2024*: $0.60
- *August 25, 2024*: $0.60
- *August 26, 2024*: $0.60
- *August 27, 2024*: $0.60
- *August 28, 2024*: $0.60
- *August 29, 2024*: $0.61
- *August 30, 2024*: $0.61
- *August 31, 2024*: $0.61 ¹
XRP is predicted to continue its uptrend this week, with a positive outlook for the next 30 days ¹. The current price of XRP is $0.59, with a 24-hour change of +0.77% ¹. The predicted high for XRP in the next 30 days is $0.62, with a low of $0.59 ¹.
#XRPPredictions
Here's a breakdown of the predicted prices for the next week:
- *August 12, 2024*: $0.59
- *August 13, 2024*: $0.59
- *August 14, 2024*: $0.59
- *August 15, 2024*: $0.59
- *August 16, 2024*: $0.59
- *August 17, 2024*: $0.59
- *August 18, 2024*: $0.59
- *August 19, 2024*: $0.60
- *August 20, 2024*: $0.60
- *August 21, 2024*: $0.60
- *August 22, 2024*: $0.60
- *August 23, 2024*: $0.60
- *August 24, 2024*: $0.60
- *August 25, 2024*: $0.60
- *August 26, 2024*: $0.60
- *August 27, 2024*: $0.60
- *August 28, 2024*: $0.60
- *August 29, 2024*: $0.61
- *August 30, 2024*: $0.61
- *August 31, 2024*: $0.61 ¹
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Bullish
EFFECTS OF CONSUMER PRICE INDEX ON CRYPTOCURRENCY THIS WEEK
#Binancepen_spark
CPI measures inflation, which can impact cryptocurrency prices. A higher CPI can lead to higher inflation, which may increase pressure on crypto prices. However, crypto can also be seen as a hedge against inflation, so the relationship isn't straightforward ².
@Binance_Announcement
This week, Bitcoin and other cryptocurrencies are experiencing a selloff, with BTC trading at around $58,500, down 4.8% in the last 24 hours ³. The upcoming release of the US Consumer Price Index (CPI) may contribute to the volatility in crypto prices. Traditional market events like the CPI release can impact crypto prices, as they reveal spending behavior and the state of the general economy ³.
#TONonBinance
*Key points to consider:*
- _CPI measures inflation, which can impact cryptocurrency prices_
- _Higher CPI can lead to higher inflation, increasing pressure on crypto prices_
- _Crypto can be seen as a hedge against inflation, making the relationship complex_
- _Upcoming CPI release may contribute to crypto price volatility_
- _Traditional market events can impact crypto prices_ $BTC
EFFECTS OF CONSUMER PRICE INDEX ON CRYPTOCURRENCY THIS WEEK
#Binancepen_spark
CPI measures inflation, which can impact cryptocurrency prices. A higher CPI can lead to higher inflation, which may increase pressure on crypto prices. However, crypto can also be seen as a hedge against inflation, so the relationship isn't straightforward ².
@Binance Announcement
This week, Bitcoin and other cryptocurrencies are experiencing a selloff, with BTC trading at around $58,500, down 4.8% in the last 24 hours ³. The upcoming release of the US Consumer Price Index (CPI) may contribute to the volatility in crypto prices. Traditional market events like the CPI release can impact crypto prices, as they reveal spending behavior and the state of the general economy ³.
#TONonBinance
*Key points to consider:*
- _CPI measures inflation, which can impact cryptocurrency prices_
- _Higher CPI can lead to higher inflation, increasing pressure on crypto prices_
- _Crypto can be seen as a hedge against inflation, making the relationship complex_
- _Upcoming CPI release may contribute to crypto price volatility_
- _Traditional market events can impact crypto prices_ $BTC
#Binancepen_spark
CPI measures inflation, which can impact cryptocurrency prices. A higher CPI can lead to higher inflation, which may increase pressure on crypto prices. However, crypto can also be seen as a hedge against inflation, so the relationship isn't straightforward ².
@Binance Announcement
This week, Bitcoin and other cryptocurrencies are experiencing a selloff, with BTC trading at around $58,500, down 4.8% in the last 24 hours ³. The upcoming release of the US Consumer Price Index (CPI) may contribute to the volatility in crypto prices. Traditional market events like the CPI release can impact crypto prices, as they reveal spending behavior and the state of the general economy ³.
#TONonBinance
*Key points to consider:*
- _CPI measures inflation, which can impact cryptocurrency prices_
- _Higher CPI can lead to higher inflation, increasing pressure on crypto prices_
- _Crypto can be seen as a hedge against inflation, making the relationship complex_
- _Upcoming CPI release may contribute to crypto price volatility_
- _Traditional market events can impact crypto prices_ $BTC
629
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Bullish
$BTC is bullish for today ., with 13 indicators signaling to sell and zero indicators signaling to buy ¹. The first major uptrend resistance for BTC is at the $60,316 level, and it needs to close above that level to continue to move higher. On the other hand, if the price falls below $58,294, it may go even lower. The 14-day relative strength index (RSI) is currently at 33.72, indicating natural conditions in the market without being oversold or overbought. Similarly, the weekly chart's relative strength index (RSI) is at 63.48, also indicating natural conditions in the market.
$BTC is bullish for today ., with 13 indicators signaling to sell and zero indicators signaling to buy ¹. The first major uptrend resistance for BTC is at the $60,316 level, and it needs to close above that level to continue to move higher. On the other hand, if the price falls below $58,294, it may go even lower. The 14-day relative strength index (RSI) is currently at 33.72, indicating natural conditions in the market without being oversold or overbought. Similarly, the weekly chart's relative strength index (RSI) is at 63.48, also indicating natural conditions in the market.
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Bearish
$BTC
Bitcoin (BTC) is currently trading at $60,957.85, with a 1.28% increase in market cap over the last day ¹. The 24-hour trading volume is $14,594,881,003, representing a 53.09% increase ¹. Bitcoin's price has been highly volatile since its inception due to factors like public sentiment, speculation, and its fixed supply ². The current economic conditions and global events can also impact the price of Bitcoin
But still $BTC is expected to go correlation before it bounced back again #TONonBinance
$BTC
Bitcoin (BTC) is currently trading at $60,957.85, with a 1.28% increase in market cap over the last day ¹. The 24-hour trading volume is $14,594,881,003, representing a 53.09% increase ¹. Bitcoin's price has been highly volatile since its inception due to factors like public sentiment, speculation, and its fixed supply ². The current economic conditions and global events can also impact the price of Bitcoin
But still $BTC is expected to go correlation before it bounced back again #TONonBinance
Bitcoin (BTC) is currently trading at $60,957.85, with a 1.28% increase in market cap over the last day ¹. The 24-hour trading volume is $14,594,881,003, representing a 53.09% increase ¹. Bitcoin's price has been highly volatile since its inception due to factors like public sentiment, speculation, and its fixed supply ². The current economic conditions and global events can also impact the price of Bitcoin
But still $BTC is expected to go correlation before it bounced back again #TONonBinance
262
CRYPTO TREND TODAY
@Binance_Announcement The crypto market trend for today is a slight decrease of 1.06% in the global crypto market cap, which is now at $2.12T ¹. Bitcoin's price is at $60,603.05, with a 0.92% increase in the last 24 hours ¹. Ethereum's price is at $2,623.48, with a 2.74% increase in the last 24 hours ¹. However, please note that the crypto market is highly volatile, and prices can fluctuate rapidly.#XRPVictory
CRYPTO TREND TODAY
@Binance Announcement The crypto market trend for today is a slight decrease of 1.06% in the global crypto market cap, which is now at $2.12T ¹. Bitcoin's price is at $60,603.05, with a 0.92% increase in the last 24 hours ¹. Ethereum's price is at $2,623.48, with a 2.74% increase in the last 24 hours ¹. However, please note that the crypto market is highly volatile, and prices can fluctuate rapidly.#XRPVictory
@Binance Announcement The crypto market trend for today is a slight decrease of 1.06% in the global crypto market cap, which is now at $2.12T ¹. Bitcoin's price is at $60,603.05, with a 0.92% increase in the last 24 hours ¹. Ethereum's price is at $2,623.48, with a 2.74% increase in the last 24 hours ¹. However, please note that the crypto market is highly volatile, and prices can fluctuate rapidly.#XRPVictory
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SEC RECEIVES GRAYSCALE LITECOIN ETF FILING: LTC JUST GOT ANOTHER SPOTLIGHT 🚨
The market was moving quietly when another Litecoin headline landed. For traders watching from the sidelines, it was the kind of filing that makes you pause and ask: is institutional access getting closer?
Grayscale’s Litecoin Trust has taken another step toward an ETF structure, with recent filings tied to the proposed transition and NYSE Arca listing process. The SEC’s record shows earlier proceedings around Grayscale’s Litecoin proposal, while the latest filing activity keeps the story alive.
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My take: the bigger story is accessibility. An ETF structure can potentially make exposure to LTC easier for traditional investors who prefer regulated market products rather than directly holding cryptocurrency.
Litecoin is currently trading around $53.69 on Binance, with the asset showing modest 24-hour movement. That makes the regulatory development more interesting than simply chasing a headline-driven price reaction.
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A filing can open the door, but demand decides what happens after it opens.
❓Do you think a Grayscale Litecoin ETF could materially change LTC’s institutional demand?
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