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đĄ Bitcoin price wobbles ahead of Fedâs rate decision
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrowâs 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 cutâthe first in over a decadeâwhile 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%.
đș 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 quarterâs 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.
Bitcoinâs 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 Fedâs key decision.
$BTC #BTC #Bitcoin
Bitcoin (BTC) dipped as low as $59,500 on Binance ahead of tomorrowâs 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 cutâthe first in over a decadeâwhile 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%.
đș 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 quarterâs 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.
Bitcoinâs 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 Fedâs key decision.
$BTC #BTC #Bitcoin
$3.94 BILLION of $BTC JUST MOVED, THE GIANT HAS SHIFTED ITS WEIGHT
Twenty One Capital wakes up and pushes billions across the chain in a single hour⊠The entire market holds its breath.
Earlier today, a seismic transfer hit the blockchain:
43,122 #BTC , nearly $4 billion --- redirected to a fresh wallet
đ New destination: 3MEa4sPyGLCf2xQR5k68gUsxYSosJ6UhJh
No back-and-forth, no test transactions, no hesitation.
Just one massive move, quiet, clean, intentional.
And hereâs what makes it more interesting: The original wallet didnât go empty.
Itâs still sitting on 392.199 #btc , about $35.71 million, like a safety torch left burning.
It feels less like âweâre doneâ and more like âreset the board.â
Twenty One Capital wakes up and pushes billions across the chain in a single hour⊠The entire market holds its breath.
Earlier today, a seismic transfer hit the blockchain:
43,122 #BTC , nearly $4 billion --- redirected to a fresh wallet
đ New destination: 3MEa4sPyGLCf2xQR5k68gUsxYSosJ6UhJh
No back-and-forth, no test transactions, no hesitation.
Just one massive move, quiet, clean, intentional.
And hereâs what makes it more interesting: The original wallet didnât go empty.
Itâs still sitting on 392.199 #btc , about $35.71 million, like a safety torch left burning.
It feels less like âweâre doneâ and more like âreset the board.â
Mayme Runnells OIUB:
đ
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Short to short term active, the safest bet is that it will reach 80/85 if it breaks 87. (I have it at 78 because I am monitoring manually). $BTC
If you haven't entered, don't enter yet. Wait for it to return to 89/90. â #btc
The short is invalidated if the 1H/4H candle closes above 90.800.
âââââââââââââââ
WAIT FOR THE 1H CLOSE.
- if the 1h candle closes above 89.800 don't enter.
- if the 1h candle closes below it is a good entry (manage the risk)
Operation:
Entry: 89.000 / 89.500
TP 1: 87.000
TP 2: 85.000
TP 3: 83.000
SL: 91.500 maximum. (In case it is a stop hunt)
Above 90.800 invalidates the Short.
If you haven't entered, don't enter yet. Wait for it to return to 89/90. â #btc
The short is invalidated if the 1H/4H candle closes above 90.800.
âââââââââââââââ
WAIT FOR THE 1H CLOSE.
- if the 1h candle closes above 89.800 don't enter.
- if the 1h candle closes below it is a good entry (manage the risk)
Operation:
Entry: 89.000 / 89.500
TP 1: 87.000
TP 2: 85.000
TP 3: 83.000
SL: 91.500 maximum. (In case it is a stop hunt)
Above 90.800 invalidates the Short.
Margorie Fuhrman dBi3:
jajajaja menos mal q no entraron. esperando q bajara mĂĄs đ€Ąđ€Ąđ€Ą
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He behaved as I told them. Not exactly where, but just 1k difference. If you did what I mentioned before, congratulations you already have some good earnings today đ. $BTC #btc
dbCZ:
đ§đ§
Bitcoin fluctuates near $90,000 threshold
$Bitcoin is currently trading just below the $90,000 mark as of December 8th, showing volatile price action near this key $BTC psychological level.
Below is a summary of the current technical levels, market sentiment, and notable factors influencing Bitcoin's price.
Support Levels (Price Floors)
· Immediate: $87,000 to $88,746
· Stronger: $84,000 - $86,000 zone
· Key: $84,000. A break below could trigger a quick move toward $75,000.
Resistance Levels (Price Ceilings)
· Immediate: $90,000, $91,400
· Next: $93,000 - $94,000 zone, $94,600
· Major: $98,000 - $103,000 range
đ What's Driving the Market Near $90k?
The movement around this threshold is influenced by several key factors:
· Institutional Moves: Major financial firms are expanding access to Bitcoin for clients. Bank of America now allows its wealth advisors to recommend crypto allocations, and Vanguard has reversed its long-standing policy to allow Bitcoin ETF trading on its platform.
· Upcoming Fed Decision: The market is highly focused on the Federal Reserve's meeting on December 9-10, with a high probability priced in for an interest rate cut. This event is a significant short-term catalyst.
· Mixed Sentiment: While institutional news is positive, overall market sentiment is still cautious. The Crypto Fear & Greed Index is in "Extreme Fear" territory, and long-term technical indicators remain in a downtrend from October's peak above $126,000.
· Market Perspective: A major financial institution suggests the price floor is solid, citing Bitcoin's production cost near $94,000. Their long-term analysis points to significant future potential, with a volatility-based model suggesting a price target near $170,000 by 2026.
đ Key Takeaway
Breaking and holding above the $90,000 - $94,000 resistance zone is seen as critical for Bitcoin to regain bullish momentum. The upcoming Fed decision is likely to be the next major driver of price direction.
If you are interested, I can provide more detail on the specific catalysts mentioned, such as the institutional moves or the technical analysis for key price levels.
$BTC
#btccoin #Binance #btc
Below is a summary of the current technical levels, market sentiment, and notable factors influencing Bitcoin's price.
Support Levels (Price Floors)
· Immediate: $87,000 to $88,746
· Stronger: $84,000 - $86,000 zone
· Key: $84,000. A break below could trigger a quick move toward $75,000.
Resistance Levels (Price Ceilings)
· Immediate: $90,000, $91,400
· Next: $93,000 - $94,000 zone, $94,600
· Major: $98,000 - $103,000 range
đ What's Driving the Market Near $90k?
The movement around this threshold is influenced by several key factors:
· Institutional Moves: Major financial firms are expanding access to Bitcoin for clients. Bank of America now allows its wealth advisors to recommend crypto allocations, and Vanguard has reversed its long-standing policy to allow Bitcoin ETF trading on its platform.
· Upcoming Fed Decision: The market is highly focused on the Federal Reserve's meeting on December 9-10, with a high probability priced in for an interest rate cut. This event is a significant short-term catalyst.
· Mixed Sentiment: While institutional news is positive, overall market sentiment is still cautious. The Crypto Fear & Greed Index is in "Extreme Fear" territory, and long-term technical indicators remain in a downtrend from October's peak above $126,000.
· Market Perspective: A major financial institution suggests the price floor is solid, citing Bitcoin's production cost near $94,000. Their long-term analysis points to significant future potential, with a volatility-based model suggesting a price target near $170,000 by 2026.
đ Key Takeaway
Breaking and holding above the $90,000 - $94,000 resistance zone is seen as critical for Bitcoin to regain bullish momentum. The upcoming Fed decision is likely to be the next major driver of price direction.
If you are interested, I can provide more detail on the specific catalysts mentioned, such as the institutional moves or the technical analysis for key price levels.
$BTC
#btccoin #Binance #btc
Ùۧ۱ۧ ۧÙŰČÙ۱ۧÙÙ:
Prize for everyone, you will find it pinned in the first pinned comment đ·đđ€
Hope you UNDERSTAND, what we are trying to sayđ€ Short-term liquidity map definitely tilting bearish, bids are stacked below price, and the $90K cluster looks like classic liquidity bait.
Whichever side gets taken first, itâs just fuel for the next move⊠volatility isnât done yet.
$BTC #btc
Whichever side gets taken first, itâs just fuel for the next move⊠volatility isnât done yet.
$BTC #btc
#BTC86kJPShock
đš Bitcoin Alert: #BTC86kJPShock đš
Bitcoin has recently shown extreme volatility. The term â86k JP Shockâ suggests that the $86,000 level could act as a critical support/resistance point, potentially influenced by market sentiment or a key Japanese trading signal.
đč Key Points:
Current Price Trend: BTC has recently experienced significant upward/downward movement, showing strong momentum.
Price Level Analysis: $86,000 is considered an important level according to the âJP Shockâ scenario, which may trigger significant buy/sell activity.
Trader Highlights: Traders might take profits or initiate new positions around this level, anticipating a potential breakout or pullback.
Forecast / Strategy:
Bullish Case: If BTC breaks above $86k, the next target could be around $90k.
Bearish Case: If BTC fails to hold $86k, the next support may be in the $82kâ$83k range.
â ïž Risk Warning: Cryptocurrency markets are extremely volatile. Always perform your own analysis and ensure proper risk management before trading.
#BTC #Binance #CryptoNews #BTCAlert #JPShock #Trading #btc
đš Bitcoin Alert: #BTC86kJPShock đš
Bitcoin has recently shown extreme volatility. The term â86k JP Shockâ suggests that the $86,000 level could act as a critical support/resistance point, potentially influenced by market sentiment or a key Japanese trading signal.
đč Key Points:
Current Price Trend: BTC has recently experienced significant upward/downward movement, showing strong momentum.
Price Level Analysis: $86,000 is considered an important level according to the âJP Shockâ scenario, which may trigger significant buy/sell activity.
Trader Highlights: Traders might take profits or initiate new positions around this level, anticipating a potential breakout or pullback.
Forecast / Strategy:
Bullish Case: If BTC breaks above $86k, the next target could be around $90k.
Bearish Case: If BTC fails to hold $86k, the next support may be in the $82kâ$83k range.
â ïž Risk Warning: Cryptocurrency markets are extremely volatile. Always perform your own analysis and ensure proper risk management before trading.
#BTC #Binance #CryptoNews #BTCAlert #JPShock #Trading #btc
$BTC 4H Analysis The 94,300 Resistance Remains a Major Barrier
On the 4H timeframe, BTC continues to range with weak upward momentum, and the broader downtrend remains intact. Key observations:
1. Strong resistance at 93,500 â 94,300
This zone has been tested multiple times but hasnât been broken. It also aligns with the MA100 and MA200, adding significant selling pressure.
2. The overall trend is still bearish
Even though higher lows are forming, price action remains below the major moving averages. Buyers have not shown enough strength to shift the trend.
3. The ascending trendline is providing temporary support
This trendline is holding price for now, but each bounce becomes weaker. A breakdown may push BTC toward the 88,000 â 86,000 region.
4. Two key scenarios to watch
Failure to break 94,300 â likely downward move.
Strong breakout and hold above 94,300 â momentum turns more bullish.
Overall, BTC remains bearish-biased unless it can decisively break through the critical resistance zone.
#btc #trading
On the 4H timeframe, BTC continues to range with weak upward momentum, and the broader downtrend remains intact. Key observations:
1. Strong resistance at 93,500 â 94,300
This zone has been tested multiple times but hasnât been broken. It also aligns with the MA100 and MA200, adding significant selling pressure.
2. The overall trend is still bearish
Even though higher lows are forming, price action remains below the major moving averages. Buyers have not shown enough strength to shift the trend.
3. The ascending trendline is providing temporary support
This trendline is holding price for now, but each bounce becomes weaker. A breakdown may push BTC toward the 88,000 â 86,000 region.
4. Two key scenarios to watch
Failure to break 94,300 â likely downward move.
Strong breakout and hold above 94,300 â momentum turns more bullish.
Overall, BTC remains bearish-biased unless it can decisively break through the critical resistance zone.
#btc #trading
ETHUSDT
Perp
30X
Opening Long
Unrealized PNL
-24.00%
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BPCE Bank in France has made a big move; their customers (a total of 12 million) can directly buy Bitcoin, Ethereum, Solana, and USDC in euros through the bank's app.
The transactions are conducted through their dedicated subsidiary, which is licensed, safe, and convenient.
Cryptocurrency is quietly entering the lives of more ordinary people through the bank, the "regular army".
#btc #eth #solana #usdc
The transactions are conducted through their dedicated subsidiary, which is licensed, safe, and convenient.
Cryptocurrency is quietly entering the lives of more ordinary people through the bank, the "regular army".
#btc #eth #solana #usdc
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Wow, this big brother is still amazing. Yesterday, the maximum floating loss was nearly ten million, and today it directly turned into a floating profit of a million. I heard this big brother has a few small goals in the exchange. đ±đ± It seems this coin is going to be shorted to zero by this big brother #ć ćŻćžćșè§ćŻ #btc $BTC
Large funds are still suitable for playing BTC.
Large funds are still suitable for playing BTC.
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#æŻçčćžVS代ćžćé»é
12.7
The current position of Bitcoin is 89333. Previously, there was a rise followed by a pullback, with the hourly high reaching 90257, then retreating to the current range, showing a short-term pattern of rising and then oscillating back; recently, in the 1-hour K-line structure, there has been a long upper shadow K-line indicating a rise and fall, followed by several small bearish and bullish K-lines, forming a consolidation pattern, reflecting the game between bulls and bears at the current price level, with direction yet to be clear; after previously dipping to 88870, there was a rapid rebound, establishing short-term support at this level; however, the failure to break above the 90000 integer level indicates significant selling pressure above.
The KDJ indicator's three lines have started to turn upward from a low position, showing signs of a golden cross at a low level, with short-term rebound expectations, but the values are still below 50, overall remaining in a weak zone; the MACD histogram is positive with a value of 37.3, indicating that bearish momentum has somewhat diminished, but the DIF is still below the DEA, indicating that the medium-term bearish trend has not fundamentally reversed.
In the short term, Bitcoin is primarily focused on oscillating recovery, with the lower Bollinger Band at 89142 and the position at 88870 being important support levels, while the upper pressure range is 90000-90257; if it can stabilize above the middle Bollinger Band at 89507, or rely on the KDJ golden cross to achieve a slight rebound, otherwise, there is still a possibility of further support dips;
In the short term, it is suggested to consider entering long positions near the 88535--88032 level on a pullback, with targets looking towards the 90020--91012 range.
The above is only personal advice and for reference only; please refer to the layout by Haoyu Shipan for specifics! $BTC
#btc
12.7
The current position of Bitcoin is 89333. Previously, there was a rise followed by a pullback, with the hourly high reaching 90257, then retreating to the current range, showing a short-term pattern of rising and then oscillating back; recently, in the 1-hour K-line structure, there has been a long upper shadow K-line indicating a rise and fall, followed by several small bearish and bullish K-lines, forming a consolidation pattern, reflecting the game between bulls and bears at the current price level, with direction yet to be clear; after previously dipping to 88870, there was a rapid rebound, establishing short-term support at this level; however, the failure to break above the 90000 integer level indicates significant selling pressure above.
The KDJ indicator's three lines have started to turn upward from a low position, showing signs of a golden cross at a low level, with short-term rebound expectations, but the values are still below 50, overall remaining in a weak zone; the MACD histogram is positive with a value of 37.3, indicating that bearish momentum has somewhat diminished, but the DIF is still below the DEA, indicating that the medium-term bearish trend has not fundamentally reversed.
In the short term, Bitcoin is primarily focused on oscillating recovery, with the lower Bollinger Band at 89142 and the position at 88870 being important support levels, while the upper pressure range is 90000-90257; if it can stabilize above the middle Bollinger Band at 89507, or rely on the KDJ golden cross to achieve a slight rebound, otherwise, there is still a possibility of further support dips;
In the short term, it is suggested to consider entering long positions near the 88535--88032 level on a pullback, with targets looking towards the 90020--91012 range.
The above is only personal advice and for reference only; please refer to the layout by Haoyu Shipan for specifics! $BTC
#btc
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$BTC đš
Michael Saylor claims that if the United States accumulates $BTC BTC bitcoins now, their enemies will have to "buy them back at 50 million dollars each."
This is the modern-day gold rush!
#btc
Michael Saylor claims that if the United States accumulates $BTC BTC bitcoins now, their enemies will have to "buy them back at 50 million dollars each."
This is the modern-day gold rush!
#btc
BEFORE ETFs. BEFORE institutions. BEFORE everyone.
Max Keiser said BTC would 10x. Said it would crush stocks, bonds, gold. Said banks were scared.
Everyone laughed. đ
Conviction always looks insane⊠until itâs obvious.
Calls out âeveryone else is wrongâ â triggers FOMO & debate
Ends with relatable truth (âlooks insane⊠until obviousâ)
Extra tip: Add a GIF of Keiser pointing, or flashing BTC charts from 2017.
#btc #bitcoin #BTC86kJPShock
Max Keiser said BTC would 10x. Said it would crush stocks, bonds, gold. Said banks were scared.
Everyone laughed. đ
Conviction always looks insane⊠until itâs obvious.
Calls out âeveryone else is wrongâ â triggers FOMO & debate
Ends with relatable truth (âlooks insane⊠until obviousâ)
Extra tip: Add a GIF of Keiser pointing, or flashing BTC charts from 2017.
#btc #bitcoin #BTC86kJPShock
đ Todayâs Bitcoin (BTC) Market Overview for Binance Traders
đ Current Market Situation
Today, Bitcoin (BTC) is trading around USD 91,104.
In the last 24 hours, BTC has shown slight recovery â several analysts say long-term holders may have paused selling.
Market sentiment is mixed: some traders are bullish, while others remain cautious.
â Positive Signals
Some analysts believe that if interest-rate cuts continue, BTC may get a short-term bounce.
If Bitcoin breaks strong resistance (around $94,000â94,500), it could move towards $100,000 or higher.
â ïž Risks to Watch
If major support breaks, BTC could fall towards $85,000 or lower.
Short-term volatility remains high â sharp upward moves or sudden drops are both possible due to global economic news and rate-cut announcements.
đ If You Trade on Binance â Suggested Strategies
Your Goal Suggested Approach
Short-term trading / swing trading If BTC holds support around $89kâ91k, you may consider small buying. Always set a stop-loss (example: around $85k or according to your risk level).
Mid-term holding (1â3 months) If bullish factors continue (rate cuts, liquidity), holding BTC could be beneficial. Keep position size controlled.
Low-risk / safe approach If you donât prefer volatility, partial profit-booking or reducing exposure can help manage risk.
𧟠Long-Term Outlook
Some analysts expect BTC to rise again if macroeconomic conditions remain supportive (rate cuts, institutional buying, etc.).
But crypto remains unpredictable â regulatory moves or economic issues can cause sharp volatility.
đŻ My Personal Suggestion
If I were in your position today:
If I can take some risk: I would hold a portion of BTC, booking partial profit on every 5â10% upward move and using stop-loss to control risk.
If I want safety: I would keep only a small BTC position and hold the rest in stable assets or cash.
#TrumpTariffs
Today, Bitcoin (BTC) is trading around USD 91,104.
In the last 24 hours, BTC has shown slight recovery â several analysts say long-term holders may have paused selling.
Market sentiment is mixed: some traders are bullish, while others remain cautious.
â Positive Signals
Some analysts believe that if interest-rate cuts continue, BTC may get a short-term bounce.
If Bitcoin breaks strong resistance (around $94,000â94,500), it could move towards $100,000 or higher.
â ïž Risks to Watch
If major support breaks, BTC could fall towards $85,000 or lower.
Short-term volatility remains high â sharp upward moves or sudden drops are both possible due to global economic news and rate-cut announcements.
đ If You Trade on Binance â Suggested Strategies
Your Goal Suggested Approach
Short-term trading / swing trading If BTC holds support around $89kâ91k, you may consider small buying. Always set a stop-loss (example: around $85k or according to your risk level).
Mid-term holding (1â3 months) If bullish factors continue (rate cuts, liquidity), holding BTC could be beneficial. Keep position size controlled.
Low-risk / safe approach If you donât prefer volatility, partial profit-booking or reducing exposure can help manage risk.
𧟠Long-Term Outlook
Some analysts expect BTC to rise again if macroeconomic conditions remain supportive (rate cuts, institutional buying, etc.).
But crypto remains unpredictable â regulatory moves or economic issues can cause sharp volatility.
đŻ My Personal Suggestion
If I were in your position today:
If I can take some risk: I would hold a portion of BTC, booking partial profit on every 5â10% upward move and using stop-loss to control risk.
If I want safety: I would keep only a small BTC position and hold the rest in stable assets or cash.
#TrumpTariffs
⥠JUST IN: MASSIVE BTC SHORTS AT RISK
Over $1 BILLION in short positions could be liquidated if $BTC surges to $93,000. $BTC
Leverage is stacked high, and a sharp move could trigger a cascade of liquidations, fueling extreme volatility.$ETH
Traders are bracing for a potential squeeze.
#BinancehodlerSOMI #btc #bitcoin
Over $1 BILLION in short positions could be liquidated if $BTC surges to $93,000. $BTC
Leverage is stacked high, and a sharp move could trigger a cascade of liquidations, fueling extreme volatility.$ETH
Traders are bracing for a potential squeeze.
#BinancehodlerSOMI #btc #bitcoin
Bitcoin Recovers to $91,000 Level as Traders Eye Fed Rate Decision; Ethereum Rallies
Today, Bitcoin (BTC) is trading around the $91,000 level following a recovery from an early morning dip, driven by increased hopes of a Federal Reserve interest rate cut this week. Other major altcoins are showing mixed performance, with Ethereum (ETH) demonstrating positive momentum. The overall market is experiencing continued volatility ahead of key US macro data releases and the upcoming Fed decision.
Market Summary and Key Drivers
Bitcoin (BTC) Price Action: After falling to around $89,326 in the morning session, Bitcoin rebounded and is now hovering above $91,000, marking an increase of around 1.86% over the past 24 hours. The price has been volatile, having previously peaked at $126,000 in October before a significant sell-off.
Ethereum (ETH) Trends: Ethereum is showing strong momentum, with the price continuing its rally. The current price in Indian Rupees is around âč279,014. The positive sentiment for Ethereum is partly due to heavy institutional buying and the market anticipating a potential record high.
Altcoin Performance: Other major cryptocurrencies are seeing mixed performance. Tokens like XRP, Solana (SOL), and Dogecoin (DOGE) have faced declines recently, while others like CYBER, PROM, and EDU have seen significant gains in the short term.
Major Market News and Events
Federal Reserve Rate Decision Anticipation: A primary driver for the current market is the anticipation of a potential interest rate cut by the US Federal Reserve this week. Traders are currently pricing in a high chance of a December rate cut, which generally improves risk sentiment for assets like cryptocurrencies.
Market Volatility and Liquidations: The market continues to experience significant volatility. A recent sell-off in early December saw close to $1 billion of leveraged crypto positions liquidated, with Bitcoin dropping to around $83,824. This highlights the high-risk nature of current trading conditions.
Institutional Activity: Despite volatility, there is continued institutional interest, particularly in Ethereum. Reports indicate that corporate treasuries and entities like BlackRock have been accumulating millions of ETH, signaling strong confidence in its future performance.
Regulatory Environment: New regulatory developments continue to emerge, such as the Wisconsin Senate introducing a bill that mandates KYC (Know Your Customer) for Bitcoin ATMs, adding a layer of compliance to the industry.
#btc #ETH #altcoins
$BTC
$ETH
â ïž Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research or consult a licensed financial professional before making investment decisions.
Market Summary and Key Drivers
Bitcoin (BTC) Price Action: After falling to around $89,326 in the morning session, Bitcoin rebounded and is now hovering above $91,000, marking an increase of around 1.86% over the past 24 hours. The price has been volatile, having previously peaked at $126,000 in October before a significant sell-off.
Ethereum (ETH) Trends: Ethereum is showing strong momentum, with the price continuing its rally. The current price in Indian Rupees is around âč279,014. The positive sentiment for Ethereum is partly due to heavy institutional buying and the market anticipating a potential record high.
Altcoin Performance: Other major cryptocurrencies are seeing mixed performance. Tokens like XRP, Solana (SOL), and Dogecoin (DOGE) have faced declines recently, while others like CYBER, PROM, and EDU have seen significant gains in the short term.
Major Market News and Events
Federal Reserve Rate Decision Anticipation: A primary driver for the current market is the anticipation of a potential interest rate cut by the US Federal Reserve this week. Traders are currently pricing in a high chance of a December rate cut, which generally improves risk sentiment for assets like cryptocurrencies.
Market Volatility and Liquidations: The market continues to experience significant volatility. A recent sell-off in early December saw close to $1 billion of leveraged crypto positions liquidated, with Bitcoin dropping to around $83,824. This highlights the high-risk nature of current trading conditions.
Institutional Activity: Despite volatility, there is continued institutional interest, particularly in Ethereum. Reports indicate that corporate treasuries and entities like BlackRock have been accumulating millions of ETH, signaling strong confidence in its future performance.
Regulatory Environment: New regulatory developments continue to emerge, such as the Wisconsin Senate introducing a bill that mandates KYC (Know Your Customer) for Bitcoin ATMs, adding a layer of compliance to the industry.
#btc #ETH #altcoins
$BTC
$ETH
â ïž Disclaimer
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always do your own research or consult a licensed financial professional before making investment decisions.
đš ALERT: BITCOIN BREAKS ABOVE $91,500
BTC just surged past $91,500, signaling renewed bullish momentum.$BTC
Traders are eyeing key resistance levels as a potential short squeeze looms. $ETH
Market reaction is heating up fast.$SOL
#bitcoin #btc #Write2Earn
BTC just surged past $91,500, signaling renewed bullish momentum.$BTC
Traders are eyeing key resistance levels as a potential short squeeze looms. $ETH
Market reaction is heating up fast.$SOL
#bitcoin #btc #Write2Earn
See original
THE WHALES' $BTC ACCUMULATION ACTIVITY IS INCREASING STRONGLY
Glassnode's Bitcoin Accumulation Trend Score is approaching its peak, indicating that whales and institutions are buying in strongly.
The market flow is changing, with more liquidity coming in and the Crypto Structure Bill expected to be passed soon.
#btc #ta
Glassnode's Bitcoin Accumulation Trend Score is approaching its peak, indicating that whales and institutions are buying in strongly.
The market flow is changing, with more liquidity coming in and the Crypto Structure Bill expected to be passed soon.
#btc #ta
Ehtel Larrivee RasI:
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