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Fox Impulse Trading BTC
Mar 28, 2023
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đĄ DOGE, XRP Down 3% as Bitcoin Traders Eye Wednesday Fed Decision The crypto market was little changed-to-lower on Tuesday, with dogecoin (DOGE) and XRP leading declines among major tokens with losses of just over 3% in the past 24 hours. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, fell 2%. The lack of volatility comes as bitcoin (BTC) traders largely brace for the Federal Open Market Committee (FOMC) meeting scheduled for Wednesday, which could set the tone for monetary policy and influence risk assets including cryptocurrencies. The Federal Reserveâs decision on interest rates â widely expected to remain unchanged at 4.25%â4.50% â and any comments from Chair Jerome Powell could sway investor sentiment. A hawkish stance, signaling tighter policy or a slower path to rate cuts, might pressure bitcoin and lead to more pronounced losses in altcoins. Conversely, a dovish tilt hinting at future easing could spark a relief rally. âA rate cut this Wednesday remains highly unlikely as the U.S. pivots away from fiscal dominance, where government spending fueled growth, toward [President Donald] Trump's push for deficit reduction,â traders from QCP Capital shared in a broadcast message Tuesday. âThe shift puts the burden back on monetary policy. While we do not anticipate a surprise cut, any dovish signal from Powell could be the catalyst that sparks upside momentum. âCapital may be rotating out of Trump-driven momentum trades like NASDAQ and Bitcoin and into long-overlooked European and Chinese markets. Historically, crypto prices have lagged shifts in global liquidity conditions,â QCP Capital traders added. Agne Linge of WeFi noted that broader market volatility remains elevated, with the crypto fear and greed index at 22 â indicating "extreme fear" â as investors grapple with uncertainties around inflation, trade wars, and geopolitical tensions. #XRP #DOGE
Mar 18
đĽ Meme Coin Bloodbath: DOGE, SHIB Worst Performers, FLOKI Leaves Top 100 Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme cryptocurrencies (dog-coins) by market capitalization, are both in worst performer list today. Meanwhile, once-leading meme coins like Floki (FLOKI), Dogwifhat (WIF) or Murad's pick SPX6900 (SPX), are losing steam in the top 100. đ¸ Apathy: DOGE, SHIB meme cryptos worst performers in top 100 In the 10 worst-performing coins of the top 100 with the weakest daily dynamics, two of the assets are the largest meme coins. Dogecoin (DOGE), the first-ever meme cryptocurrency, is down by 3.4%. Its price dropped to $0.1676 while the asset erased $875 million of its capitalization overnight. Shiba Inu (SHIB), the second-largest altcoin, is hit even worse. With 4.1% lost in 24 hours, it has all been replaced by Sui (SUI) as the 22th largest altcoin. Despite being in green on weekly time frame, the SHIB price plunged to $0.00001265 today. Pepe (PEPE), the third-largest meme coin is down 3.3% today. Meanwhile, the market benchmark only slumped by 2.8%, hitting $2.79 trillion. Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies, outperform market with 0.7% daily losses each. In total, the cryptocurrency market registered $200 million in liquidations, mostly long positions. Meme coin longs are responsible for over 20% of this amount. đ¸ FLOKI, WIF, SPX: Meme coin legends out of elite league Mid-cap meme coins are also feeling the pain. Pudgy Penguins (PENGU) is the second-worst performer in the top 200, with 12% losses. All iconic meme coins of this cycle are in red. Dogwifhat (WIF) lost 5% of market cap overnight, while SPX6900 (SPX) saw its capitalization dropping by 4.7%. For all of the mentioned assets, trading volume is losing steam. Floki (FLOKI), another once-leading dog-themed meme coin, dropped by 2.7% to $0.00006038.
Mar 18
đ¸ The market is changing, but it's not all that scary Noticed a lot of guys were a little freaked out yesterday by what I said about the changes in this cycle â but it's not all that scary. đ¤ Despite the changing narratives and general market sentiment, this cycle is looking more and more like 2017. Q1 didn't go well for BTC then either, but it surged in Q2. Guess who was the US president then? That's right â Trump, just like now. â Plus, the global money supply has reached a new ATH, which means BTC may soon follow suit đĽ
Mar 18
đŁ Expert Predicts XRP Price If Bitcoin Surge to $145K in Two Month Time Tony Edwards, the host of the Thinking Crypto podcast, projects a scenario where a resurgence in the bull run could push Bitcoin, Ethereum and XRP to new ATHs. The recent performance of major crypto assets like Bitcoin, Ethereum, and XRP has left many investors disappointed despite XRP showing greater resilience than the rest of the market. đ¸ BTC, ETH, and XRP Fall from Recent Highs These assets have lost most of the gains accumulated after Donald Trumpâs re-election in November. For instance, Bitcoin, which surged to an all-time high of $109,114 on Inauguration Day, January 20, is down 24.12% to $82,787. Ethereum was trading at $1,897 in the hours before press time, despite soaring above $4,000 in December. XRP, which became the third-biggest crypto by market cap following its remarkable post-election performance, has dropped to the fourth position. XRP soared to $3.38 on January 16 but has since plunged 32.54% to $2.28. This downturn has spread across the broader crypto market, with top assets also experiencing similar price declines. đ¸ Thinking Crypto Host Remains Optimistic While many investors are expressing disappointment in the heavy downturns, Edwards seems optimistic about the marketâs potential. He imagines a hypothetical scenario in which the prices of the top three crypto assets by market capâBTC, ETH, and XRP (excluding stablecoins)âhit ambitious targets within the next two months. Notably, he sets Bitcoinâs target at $145,000, Ethereum at $7,000, and XRP at $5. Achieving these milestones would require Bitcoin, Ethereum, and XRP to rise 75.14%, 269%, and 119% from their current prices of $82,787, $1,897, and $2.28, respectively. For context, Bitcoin will have a market cap of $2.87 trillion if it clinches the $145,000 target. Also, Ethereum and XRPâs valuation will rise to $844.37 billion and $290.54 billion at the projected targets, respectively. #XRP #Ripple
Mar 18
VeChain Launches âVe-2-Earnâ Bounty Campaign VeChain has launched a âVe-2-Earnâ bounty campaign, offering creators the chance to earn $500 in VET tokens for creating content that highlights the power of VeBetter apps. The initiative aims to showcase how VeChainâs blockchain technology supports sustainability while increasing awareness and adoption of Web3 solutions. Participants can submit threads, posts, videos, or memes that showcase how VeBetter apps improve everyday life. Content must be posted on social media X with the tag @vechainofficial and a mention of the specific app being featured. The campaign format is designed to maximize visibility and encourage global participation. The author of the best thread will receive $100 in VET, the author of the best video will receive $150 in VET, and the author of the most creative meme or post will receive $50 in VET. The most outstanding work across all categories will receive a grand prize of $200 in VET. Unlike traditional contests that reward volume, VeChainâs bounty system prioritizes meaningful and impactful content. The goal is to create compelling content that resonates with audiences and generates interest in real-world VeChain applications. #VET #VeChain
Mar 18
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