"Considering the latest data on the policies of the Central Bank and Inflation, the Market Traders do not expect any further cut in the interest rate for January."
The more I look at the weekly #BTC chart, the more it reminds me of the peaks (Top) of the first and second quarters (Q1-Q2) of 2021.
The market structure now and then looks almost literally the same. It is the same specific topping structure
in which the price is signaling a breakdown while being confined within a range. The decline in ROC (Rate of Change) and momentum is clearly evident, indicating a potential reversal. Stay alert! 👌
Why are the prices of ZEC, CC, FLOKI, and LUNC rising today?
This is a complex question because the crypto market changes very rapidly and the reasons for the price increase of different currencies can vary. However, based on the available information, some of the possible reasons for the price increase of these currencies are as follows:
1. ZEC (Zcash): Increasing demand for privacy coins: Due to increased regulatory scrutiny, there has been renewed interest in privacy-focused coins, and Zcash is a major beneficiary of this.
There is a risk of a decline in the price of Shiba Inu as the exchange supply has dropped to 53 trillion.
On Tuesday, the price of Shiba Inu remained stable as the crypto market surged. The SHIB token rose to a peak of \$0.0000085, which is significantly higher than the year's lowest level of \$0.0000075. After forming a highly bullish chart pattern on the daily chart and with a decrease in token supply on exchanges, it could rise again.
Ethereum price holds at $3,000 as Bitmine purchases ETH worth $199 million; what's next?
Key highlights Bitmine's $199M Ethereum purchase reflects long-term confidence in the market.
Ethereum's price is struggling at $3,000, with a possibility of falling to $2,800. A 3% decline was observed in the fear-based market; Ethereum is facing bearish pressure. 📉 Ethereum's price stabilizes and the market remains steady
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THEN: – On-chain signals were overheated – Fed prepping fastest rate hikes ever - Retail and euphoria in the market
NOW: – Systematic buying from Bitcoin ETFs – Companies stacking billions in $BTC – States building Bitcoin reserves - On-chain signals are still cold - Fed is cutting interest rates - Global liquidity is rising - No altcoin FOMO yet