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🟡 Bitcoin price wobbles ahead of Fed’s rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
🔺 Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #Bitcoin
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrow’s Federal Open Market Committee (FOMC) meeting. Market participants are bracing for a hawkish stance from the Federal Reserve (Fed), with expectations set for unchanged interest rates.
The CME FedWatch Tool indicates a mere 4.4% of economists predict a rate cut—the first in over a decade—while a dominant 95.6% anticipate rates to hold steady between 525-550 basis points.
According to The Kobeissi Letter, current market data indicates a 36% probability that there will be no interest rate cuts this year. Four months ago, the likelihood of maintaining current rates was only about 3%.
Expectations have also shifted to just one reduction this year. Previously, the market anticipated six rate cuts. Additionally, the probability of experiencing two or more rate cuts has diminished to 31%.
🔺 Stagflation risk
Amidst this financial climate, the US grapples with stagflation risks as inflation persists and economic growth slows.
The first quarter of 2024 saw GDP growth decelerate to 1.6%, falling short of the 2.2% forecast and down from the previous quarter’s 3.4%. Concurrently, the US Core PCE inflation index climbed from 2.0% to 3.7%.
Fed Chair Jerome Powell stated that recent data does not make the Fed more confident, suggesting a longer timeline to regain economic stability. He expressed belief in the adequacy of current policies to navigate the risks at hand, hinting at sustained high-interest rates without increases.
Bitcoin’s trajectory mirrored these economic uncertainties, dropping below $62,000 earlier in the week due to renewed stagflation worries.
A brief rally above $64,000 occurred with the launch of spot Bitcoin and Ethereum ETFs in Hong Kong yesterday, but the momentum was short-lived as investor caution set in ahead of the Fed’s key decision.
$BTC #BTC #Bitcoin
#btc
Btc Failed it's support Level of 55280$ now its another short term support of 54300$ and
Long term support of 53485$ Need to Break for continued downward trend other if it Success to hold these support than it will Bounce back to 56500$..
There is a strong Resistance at 57k.
So before opening any trade to avoid losses Check #Btc momentum...
Btc Failed it's support Level of 55280$ now its another short term support of 54300$ and
Long term support of 53485$ Need to Break for continued downward trend other if it Success to hold these support than it will Bounce back to 56500$..
There is a strong Resistance at 57k.
So before opening any trade to avoid losses Check #Btc momentum...
As i predicted in last post.
#Btc near to
Brake 53k support
now trading at 53080$ if btc break down this support than 51400$ is the next move for downward trend 📉📉📉📉
and if it holds than need to break 57k support for Bullish Trend.
So keep an eye on #Btc move Long term selling pressure is forcing it down.....
#Btc near to
Brake 53k support
now trading at 53080$ if btc break down this support than 51400$ is the next move for downward trend 📉📉📉📉
and if it holds than need to break 57k support for Bullish Trend.
So keep an eye on #Btc move Long term selling pressure is forcing it down.....
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🚨According to Coinglass data, $174 million in liquidations occurred in futures trading in the last 24 hours.
•77% of these ($134 million) were Long positions.
🚨According to Coinglass data, $174 million in liquidations occurred in futures trading in the last 24 hours.
•77% of these ($134 million) were Long positions.
#Btc $BTC
•77% of these ($134 million) were Long positions.
🚨According to Coinglass data, $174 million in liquidations occurred in futures trading in the last 24 hours.
•77% of these ($134 million) were Long positions.
#Btc $BTC
Bitcoin (BTC) has recently experienced a significant price dip, dropping around 3.44% in the last 24 hours to hover around $54,000. The market is currently in a volatile phase due to several factors:
1. **Market Sentiment**: There is increased selling pressure, particularly from large holders (whales), which has caused a bearish trend. Some analysts predict that BTC could drop below $50,000 soon if selling pressure continues. This uncertainty is making investors cautious【25†source】【26†source】.
2. **Economic Factors**: The recent U.S. jobs report has brought some optimism to the market, as it suggests that economic conditions might improve. This could trigger a short-term bullish trend over the weekend, pushing Bitcoin back toward $57,000【27†source】.
3. **ETF Outflows**: Spot Bitcoin ETFs have experienced significant outflows recently, which is another factor contributing to the price drop. Investor confidence seems shaky at the moment【27†source】.
Given these conditions, it's a risky time to buy Bitcoin unless you have a long-term strategy. Prices could drop further in the short term, but there is potential for recovery in the coming months if the market stabilizes. If you're looking for a long-term investment, it might be worth waiting for a clearer signal from the market.
#Btc #CryptoMarketMoves
1. **Market Sentiment**: There is increased selling pressure, particularly from large holders (whales), which has caused a bearish trend. Some analysts predict that BTC could drop below $50,000 soon if selling pressure continues. This uncertainty is making investors cautious【25†source】【26†source】.
2. **Economic Factors**: The recent U.S. jobs report has brought some optimism to the market, as it suggests that economic conditions might improve. This could trigger a short-term bullish trend over the weekend, pushing Bitcoin back toward $57,000【27†source】.
3. **ETF Outflows**: Spot Bitcoin ETFs have experienced significant outflows recently, which is another factor contributing to the price drop. Investor confidence seems shaky at the moment【27†source】.
Given these conditions, it's a risky time to buy Bitcoin unless you have a long-term strategy. Prices could drop further in the short term, but there is potential for recovery in the coming months if the market stabilizes. If you're looking for a long-term investment, it might be worth waiting for a clearer signal from the market.
#Btc #CryptoMarketMoves
US Non farm payroll causes the crypto market to crash today....
Here is why btc is dipping:
The downward revisions to the U.S. non-farm payroll numbers for June and July have sparked concerns about the strength of the labor market and could influence future economic policy decisions.
Here's a breakdown of the potential implications:
Impact on the Economy:
* Weaker Labor Market: The revised numbers suggest that the job market may not be as robust as previously thought. This could raise concerns about the overall health of the economy and its ability to sustain growth.
* Increased Uncertainty: The downward revisions introduce uncertainty about the trajectory of the economy. It becomes more difficult to predict future economic performance and make informed investment decisions.
* Potential for Recessionary Fears: If the labor market continues to weaken, it could heighten fears of a potential recession. A recession is a period of significant economic decline characterized by high unemployment and reduced economic activity.
Impact on Future Policy Decisions:
* Monetary Policy: The Federal Reserve may need to reconsider its monetary policy stance. If the labor market is softening, the Fed may be less likely to raise interest rates to combat inflation. Lower interest rates can stimulate economic activity but also contribute to higher inflation.
* Fiscal Policy: The government may need to consider implementing fiscal stimulus measures to support the economy. This could involve increased government spending or tax cuts to boost consumer and business spending.
* Trade Policy: The downward revisions could also influence trade policy decisions. A weaker economy may make policymakers more inclined to protect domestic industries and jobs through trade barriers.
IF YOU WANT FIRST HAND INFORMATION AND UPDATES OF WHAT IS HAPPENING IN THE CRYPTO MARKET....HIT THE FOLLOW BOTTON..
The downward revisions to the U.S. non-farm payroll numbers for June and July have sparked concerns about the strength of the labor market and could influence future economic policy decisions.
Here's a breakdown of the potential implications:
Impact on the Economy:
* Weaker Labor Market: The revised numbers suggest that the job market may not be as robust as previously thought. This could raise concerns about the overall health of the economy and its ability to sustain growth.
* Increased Uncertainty: The downward revisions introduce uncertainty about the trajectory of the economy. It becomes more difficult to predict future economic performance and make informed investment decisions.
* Potential for Recessionary Fears: If the labor market continues to weaken, it could heighten fears of a potential recession. A recession is a period of significant economic decline characterized by high unemployment and reduced economic activity.
Impact on Future Policy Decisions:
* Monetary Policy: The Federal Reserve may need to reconsider its monetary policy stance. If the labor market is softening, the Fed may be less likely to raise interest rates to combat inflation. Lower interest rates can stimulate economic activity but also contribute to higher inflation.
* Fiscal Policy: The government may need to consider implementing fiscal stimulus measures to support the economy. This could involve increased government spending or tax cuts to boost consumer and business spending.
* Trade Policy: The downward revisions could also influence trade policy decisions. A weaker economy may make policymakers more inclined to protect domestic industries and jobs through trade barriers.
IF YOU WANT FIRST HAND INFORMATION AND UPDATES OF WHAT IS HAPPENING IN THE CRYPTO MARKET....HIT THE FOLLOW BOTTON..
How to Grow your crypto portfolio
Don’t put all your funds in one crypto asset. Spread your investments across different coins like Bitcoin, Ethereum, and smaller altcoins to mitigate risk.
Stay Informed
Keep track of market news, trends, and updates. Use platforms like Twitter, Reddit, and news sites to stay updated on the latest developments.
Long-Term Holding (HODLing)
If you believe in the long-term value of a project, holding onto your investments through market volatility can be rewarding.
Staking and Yield Farming
Participate in staking or yield farming to earn passive income on your holdings.
Take Profits Strategically
Set profit targets and take gains when your portfolio reaches certain thresholds to protect against losses in a downturn.
Use Dollar-Cost Averaging (DCA)
Invest a fixed amount at regular intervals, regardless of market conditions, to reduce the impact of price volatility.
Security
Use hardware wallets and strong security measures like 2FA to protect your assets from hacking and theft.Risk
Management
Only invest money you can afford to lose. Set stop-loss orders to limit potential losses
#Btc #ETH #TON #DOGSONBINANCE
Don’t put all your funds in one crypto asset. Spread your investments across different coins like Bitcoin, Ethereum, and smaller altcoins to mitigate risk.
Stay Informed
Keep track of market news, trends, and updates. Use platforms like Twitter, Reddit, and news sites to stay updated on the latest developments.
Long-Term Holding (HODLing)
If you believe in the long-term value of a project, holding onto your investments through market volatility can be rewarding.
Staking and Yield Farming
Participate in staking or yield farming to earn passive income on your holdings.
Take Profits Strategically
Set profit targets and take gains when your portfolio reaches certain thresholds to protect against losses in a downturn.
Use Dollar-Cost Averaging (DCA)
Invest a fixed amount at regular intervals, regardless of market conditions, to reduce the impact of price volatility.
Security
Use hardware wallets and strong security measures like 2FA to protect your assets from hacking and theft.Risk
Management
Only invest money you can afford to lose. Set stop-loss orders to limit potential losses
#Btc #ETH #TON #DOGSONBINANCE
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$OM Om Coin, which is ready to pump, is waiting for approval from Bitcoin. If it starts to move above $BTC 56K, it will start to move above $1 in #OmCoin . You can see on the chart that its target is $1 as long as it does not close below 0.8750. I am also waiting with my buy-side transactions. Since I was on vacation, my transactions were profitable, but I could not trade because there was no internet in the mountains. I reduced my starting cost of 1.20 to $1 by making additions during the declines and I am waiting.
#Bitcoin #Btc #Om
#Bitcoin #Btc #Om
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🇺🇸USA Unemployment Benefit Claims were announced.
• Announced: 227K
• Expectation: 231K
• Previous: 231K
🇺🇸USA Unemployment Benefit Claims were announced.
• Announced: 227K
• Expectation: 231K
• Previous: 231K
#Btc $BTC
• Announced: 227K
• Expectation: 231K
• Previous: 231K
🇺🇸USA Unemployment Benefit Claims were announced.
• Announced: 227K
• Expectation: 231K
• Previous: 231K
#Btc $BTC
See original
Cryptocurrency market overview | September 6
🔴 Market value: $1.96 trillion (-1.81%)
🔴 BTC dominance: 53.45% (-0.26%)
⚡️Fear and Greed Index: 22 (extreme fear)
The overall look of the cryptocurrency market | September 6
🔴 Market value: $1.96 trillion (-1.81%)
🔴 BTC dominance: 53.45% (-0.26%)
⚡️Fear and Greed Index: 22 (extreme fear)
#Btc $BTC
🔴 Market value: $1.96 trillion (-1.81%)
🔴 BTC dominance: 53.45% (-0.26%)
⚡️Fear and Greed Index: 22 (extreme fear)
The overall look of the cryptocurrency market | September 6
🔴 Market value: $1.96 trillion (-1.81%)
🔴 BTC dominance: 53.45% (-0.26%)
⚡️Fear and Greed Index: 22 (extreme fear)
#Btc $BTC
