btccrush
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Dovish Stance by FED official:
Investors are now largely expecting the Fed to cut interest rates by a quarter point in December. The chances of a cut have jumped to about 85%, up from the mid-40% range just a week ago.
Recent comments from key Fed officials — including the New York Fed President and a Fed governor — suggested that current conditions might justify lowering rates. That push has strengthened hopes for a cut, even though there’s still some uncertainty because there hasn’t been much new data lately.
#BTCcrush
#BTC
#FedMeeting
Investors are now largely expecting the Fed to cut interest rates by a quarter point in December. The chances of a cut have jumped to about 85%, up from the mid-40% range just a week ago.
Recent comments from key Fed officials — including the New York Fed President and a Fed governor — suggested that current conditions might justify lowering rates. That push has strengthened hopes for a cut, even though there’s still some uncertainty because there hasn’t been much new data lately.
#BTCcrush
#BTC
#FedMeeting
Bitcoin's Nvidia-Led Gains Prove Short-Lived, With Price Slumping Back to $88K.
#BTCcrush Bitcoin fell back to nearly $88,000 in U.S. morning trading hours Thursday, erasing a move to $93,000 following Nvidia earnings overnight.
Ether dropped below $2,900, as ETH treasury company FG Nexus offloaded some of its tokens to buy back shares.
Michael Saylor's Strategy fell more than 4% to hit a new 52-week low.
Continuing with recent patterns, even the most modest of crypto gains were met with waves of selling on Thursday, sending bitcoin
BTC
$86,149.85
back to $88,000 after a rally above $93,000 just hours earlier.
The move higher had begun on Wednesday evening in the U.S. after Nvidia (NVDA) calmed jittery markets with an earnings beat and rosy outlook. In addition to boosting battered crypto, the NVDA results sent the Nasdaq higher by more than 2%.
#BTCcrush Bitcoin fell back to nearly $88,000 in U.S. morning trading hours Thursday, erasing a move to $93,000 following Nvidia earnings overnight.
Ether dropped below $2,900, as ETH treasury company FG Nexus offloaded some of its tokens to buy back shares.
Michael Saylor's Strategy fell more than 4% to hit a new 52-week low.
Continuing with recent patterns, even the most modest of crypto gains were met with waves of selling on Thursday, sending bitcoin
BTC
$86,149.85
back to $88,000 after a rally above $93,000 just hours earlier.
The move higher had begun on Wednesday evening in the U.S. after Nvidia (NVDA) calmed jittery markets with an earnings beat and rosy outlook. In addition to boosting battered crypto, the NVDA results sent the Nasdaq higher by more than 2%.
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