Connect with us

Blockchain

FOMC Meeting Could Help Bitcoin Price Sky Rocket; here why

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Bitcoin (BTC) is trading around $19,400, essentially unchanged over the past 24 hours and down 5% over the past week. Now that the market has moved beyond “consolidation,” cryptocurrency prices are once again closely linked to the dynamics of inflation and interest rates.

Bitcoin Price Predictions Ahead of the Federal Open Market Committee Meeting

The US Federal Reserve’s Federal Open Market Committee (FOMC) meeting will take place later today, and the Fed is expected to announce a rate hike at that time. The cryptocurrency market is likely to see more volatility in the lead up to this significant event, as it did during the previous month.

After the latest readings on inflation and employment, the market appears to have priced another 75 basis points of interest rate hike. According to the trading desk QCP Capital, the results of these studies indicated the continuation of core inflation in the US currency.

Advertisement

The company anticipates that today’s interest rate hike, the Federal Reserve’s future monetary policy, and the market’s reaction to inflation are all key factors. This is why today’s FOMC meeting is so important to give investors more context about the Fed’s plan.

The trading division expected the Dot plot to receive the most attention in their report. For the three remaining 2022 FOMC meetings, investors will be looking for details on the number of expected price increases, as well as any final price changes that the FOMC expects to implement in 2023.

The bitcoin price and cryptocurrency market turned into high levels of anxiety without using “consolidation” as a bullish catalyst, and with Ethereum trading under a “sell news” arrangement. This outlook appears to be universal in the banking industry.

QCP Capital notes that even gold has a strong correlation with risky investments. Despite high inflation and a major armed war in Europe, the precious metal underperformed (Russia’s invasion of Ukraine).

Bitcoin price rebound in the works?

QCP Capital believes that Bitcoin and the cryptocurrency market may be able to breathe a sigh of relief soon. The risks of cryptocurrencies and other assets may rise if the Federal Reserve announces a rate hike in line with market expectations (75 basis points).

Every FOMC meeting in 2022 was followed by a crypto surge, and it looks like this meeting will follow suit, as one trading company notes. QCP Capital indicated that how long this increase in demand will last is an open question. Will it be another short squeeze for a day like May and June, or something longer? Instead, they may be able to continue the recent rally in the fourth quarter and the next CPI turnaround in three weeks. Nothing but time will tell.

Advertisement

Read more

Tamadoge – Play to Win Meme Coin

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Maximum supply 2 billion, burning token
  • Now listed on OKX, Bitmart and Uniswap
  • Upcoming listings on LBank, MEXC

Tamadoge logo


Advertisement

join us cable A channel to stay up to date on breaking news coverage

Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Blockchain

IBATUSD price is in a potential buying opportunity

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Battle Infinity Price Forecast: IBATUSD Price at Possible Buying Opportunity (Dec 1)
In the event that the bulls defend the selling pressure, the increase in the momentum of the bulls may lead to a break of the resistance level at $0.002504 and this may lead to an increase IBATUSD The price has reached the higher upper trend line of $0.1000.

Key levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.002300, $0.002200, $0.002100

IBAT (USD) Long-Term Trend: Bullish (1 hour)
The IBATUSD The pair is still bullish on the higher timeframes. This is evident as we can see the price bar above EMA-9 approaching EMA-50.

Advertisement


It is good to see a strong buy reaction from the price at the $0.002350 supply level as a lot of contracts pile up as the 1-hour session begins today.

If the coin price is currently exchanging at the $0.002440 support mark, and with sustained buying pressure, it is likely to retest the $0.002519 supply area which could result in daily gains for coin holders.

Thus, we have a bullish bias that the market value of Battle Infinity will rise further to the upside if the buying pressure increases. Currently, the coin price is making a correction, and there might be a possible further rally in the coin market price, and that could lead to a retest of the previous rally at the $0.002538 resistance value soon.

We can also see the Momentum indicator pointing up, which means that the cryptocurrency is likely to continue its bullish trend; Therefore, we expect the price distribution to reach the $0.1000 level soon in the long run.

IBAT (USD) Short-Term Trend: Bullish (15 minutes)
IBATUSD is moving with bullish momentum from its short-term point of view. The trend is going up and the price has not yet reached its target.

Battle Infinity Price Prediction for Today, December 1: IBATUSD Price in Possible Buying Opportunity
The coin price distribution has now moved to a high of $0.002364 which is above the moving average lines shortly after the 15-minute chart opened today, this indicates that the bulls are gradually gaining access to the market for the time being and possibly from Likely took sooner. Thus, staying above the resistance trend lines will make it able to push the currency price up further.

Similarly, a price indicator that is also bullish suggests that Battle Infinity price might remain in an uptrend, in which case the upper resistance sign at $0.1000 could be a target soon on the short-term time frame.

Advertisement

Battle Infinity has huge potential for extraordinarily massive returns. Buy IBAT over here

In addition to, D2T The token is on offer previously and has generated close to $8 million. Dash 2 Trade (D2T) is a unified analytics platform with market-beating intelligence and features to take your trading experience to the next level. Additional team members included, and the pre-release dashboard beta will be launched soon.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement
Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

Advertisement
Continue Reading

Blockchain

Whales predict that this cryptocurrency will explode 100-fold by 2023

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Trust Wallet (TWT) is one of the best cryptocurrencies that has seen explosive growth in recent days, despite the huge ongoing crisis in the cryptocurrency markets. Many cryptocurrencies have fallen sharply in the aftermath of the FTX-SBF-Alameda crisis, but Trust Wallet (TWT) has maintained its bullish trend and has gained significant support during this time.

This is why the biggest whale in the crypto industry is predicting that the TWT cryptocurrency will increase 100 times by 2023. The price of TWT has increased by almost 90% in the past few days. The impressive rally also caused the coin to reach a new high of $2.40 on November 14.

However, the positive remarks made by Binance CEO Changpeng Zhao can be attributed to its surging rise and popularity. It is worth noting that the CEO of Binance, CZ, tweeted about the implementation of the Trust Wallet and emphasized the advantages of storing bitcoins in the Trust Wallet instead of a central exchange.

The price of TWT has surged this month as traders have moved away from centralized trading platforms to wallets.

Apart from that, the moderate recovery in the cryptocurrency market, fueled by the dovish stance of Fed Chair Jerome Powell, was seen as another major factor driving up the prices of cryptocurrencies, including the Trust Wallet Token (TWT).

Advertisement

Meanwhile, the bearish US dollar, which fell more than 1.5% to a three-month low, played an important role in supporting the cryptocurrency.

The Trust Wallet Token is currently priced at $2.06, with a 24-hour trading volume of $44 million. Trust Wallet Token has lost less than 0.50% over the past 24 hours. TWT is currently ranked #50, with a market capitalization of $859 million.

The total number of TWT coins in circulation is 416,649,900, with a maximum of 1,000,000,000 TWT coins.

Advertisement

Moderate growth in the cryptocurrency market

The global cryptocurrency market has been struggling in recent weeks, but managed to halt its decline and make a slight recovery today. Bitcoin (BTC) And the Ethereum (ETH)two of the most valuable cryptocurrencies, have crossed $17,000 and $1,200, respectively.

Dogecoin (DOGE) And the Litecoin (LTC), two other popular cryptocurrencies, also saw significant increases. On the other hand, the optimistic cryptocurrency market was seen as another important factor supporting the Trust Wallet (TWT) coin.

The reason for the upbeat market sentiment could be the pessimistic comments by Fed Chair Jerome Powell, which indicate a slower pace of rate hikes.

It should be noted that the markets are factoring in an 80% chance that the Fed will raise interest rates by 50 basis points at its next meeting, against a 20% chance of another 75 basis point increase.

The falling US dollar

The weakness of the US dollar was another important factor in keeping the price of the Trust Wallet (TWT) coin stable. The US dollar has been underperforming lately, as the Federal Reserve’s less hawkish stance had little impact on the currency’s value.

The dollar fell more than 1.5% against the yen on Thursday, hitting a three-month low after Federal Reserve Chairman Jerome Powell suggested that raising interest rates in the United States could slow as early as December.

Markets are putting an 80% chance that the Fed will raise interest rates by 50 basis points at its next meeting, versus a 20% chance for another 75 basis point increase, according to the CME Fed Monitor.

Top coins in highlights

With the variety of cryptocurrencies, choosing one to invest in can be challenging. Many investors are considering financing low-cost cryptocurrency projects at some point. These digital coins, with a token value of $5 or less, can be an excellent addition to most wallets.

Advertisement

Despite the slowdown in the cryptocurrency market, the coins listed below are excellent additions to our portfolio.

Dash 2 Trade (D2T)

Dash 2 Trade is an innovative concept that has the potential to make it the next known currency in the volatile world of cryptocurrency. It is a relatively new cryptocurrency project with a practical application that few others can match. Dash 2 Trading offers a variety of trading services using its D2T token.

Dash 2 Trade, a cryptocurrency social trading and analytics service, accepts the ERC-20 D2T token as the project’s native currency. Dash 2 Trade provides unique trading signals that consider technical and social factors in order to suggest profitable trading techniques. The prequel began in mid-October, and within the first 24 hours it generated $500,000, increasing the total amount raised to $1 million.

Moreover, Dash 2 Trade provides superior technical indicators to experts, such as order book data and linear regressions, to help them make informed judgments and better manage risk. The Dash 2 Trade white paper says that the platform will also evaluate pre-sale projects for new cryptocurrencies based on a number of factors to ensure that investors have confidence in the projects.

Advertisement

More than 70,000 investors have already invested in these tokens by purchasing them during the ongoing D2T token pre-sale. The third pre-sale of these tokens has started and now 1 D2T token is available for 0.0513 USDT. Presales reached over $7.6 million at the time.

Advertisement

Visit D2T Presale

Tora Inu (Tora)

Tora Inu has a number of P2E games planned as well as a metaverse integration in the future where users can compete with Tora Inu NFTs for additional TORA. Your Tora will grow with you in the metaverse, and as she gets stronger, she will be able to give you greater gifts. You can feed him, walk him, or even take him to the gym with you.

The bonus code and the “TORA” meme help balance supply and demand. The token has a depletion mechanism and a means of rewarding its holders. Tora Inu intends to develop its earning gameplay environment effectively through the use of meme money, NFT, and metaverse trends.

Investors flocked to TORA during the project’s current presale, anticipating a 100-fold gain in the following year.

Calvaria (RIA)

Calvaria, a new cryptocurrency project, is built around gambling tactics for profit. The project’s goal is to increase public acceptance of cryptocurrency by building an amazing battle card game along the lines of video games like Magic the Gathering. The platform hopes to succeed by seeking to bridge the gap between the real world and cryptocurrency.

The free account will also provide important information about the cryptocurrency project in order to educate a larger audience about its unique characteristics. If Calvaria is a hack, it could contribute more to the development of bitcoin usage than any other blockchain game to date.

Advertisement

The RIA pre-show has reached Stage 5, and is now accessible to the entire public. Calvaria raised $2.1 million out of a total of $3,075,000. USDT got a good response from cryptocurrency enthusiasts who play for profit.

According to these numbers, 121 million RIA tokens have been sold. The peer-to-peer cryptocurrency company has sold nearly 70% of its Phase 5 pre-sale. At the time of writing, 1 USDT was worth 33.33 RIA.

Visit Calvaria Presale

Advertisement

Tamadoji (tama)

Tamadoge is the next affordable cryptocurrency of 2023. It is the accepted payment option on the Tamaberse platform, where users can create and raise virtual animals. After that, you can compete in user battles to climb the TAMA leaderboards and collect monthly rewards.

TAMA is now trading on a number of platforms and is growing in popularity among cryptocurrency enthusiasts as a reliable and high potential asset.

One of its biggest characteristics is the potentially deflationary nature of a cryptocurrency like this, which means it will eventually reduce the amount available now. The current price of Tamadoge is $0.020 with a volume of $1 million in 24 hours.

Advertisement

Tamadoge price is up more than 3% in the last 24 hours and it is currently ranked 2756th in the market. The maximum supply of TAMA Coins is 2,000,000,000,000.

Related:

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement
Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage



Source link

Advertisement
Continue Reading

Blockchain

HT Huobi Token Price Increases 11% – Is It Time To Buy Huobi?

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Huobi price was up 11% yesterday and down just 2% at the time of writing. Since it is a token that powers a cryptocurrency exchange, should you buy it? Or is it just another fluke luring you in with a false sense of security?

Huobi Token price action – It’s the second move in two days

Huobi appeared on Twitter about two days ago to introduce a new code, new vision, and a new name. By dropping the word “global” from its name, Huobi indicates that it will change a lot of things in the crypto space.

Its goal is to put together the pieces of trust FTX that crashed at the beginning of November.

Advertisement

Coindesk’s revelation that Sam Bankman-Fried had backed Alameda Research through the FTX exchange’s native token came as a shock to many. Once Binance pulled out of the deal, that was the last straw. It also didn’t help that many major publications ignored this possibly the “biggest crypto disaster since Mt Gox”. They were quick to say, “This is happening,” and the crypto investment community took it as a crime.

After the price of FTT dropped from $22 to just over $1, the same fate followed for other cryptocurrencies that support a central exchange. The CRO fell to $0.056 before bouncing back, and Huobi Token (HT) fell nearly 50%.

The message from the cryptocurrency community has become clear – they don’t trust centralized exchanges that much anymore. Many took this as a sign of reclassification by firing 30% of its employees before Christmas. On the other hand, Hubei took a different stance. The name of the China-based cryptocurrency exchange was changed on November 21, 2022.

It happened two weeks after it was announced that About Capital, a Hong Kong-based management services company, would acquire Huobi Global. This news sent the price of HT up nearly 14% a week ago.

The reason behind Huobi Token’s recent rise

However, the reason behind the latest price move is something else. Huobi recently announced that it will be airdropping the digital token of the Caribbean island of Dominica.

Advertisement

Huobi announced that this new “Dominica Coin,” or DMC, will soon be arriving for users on Huobi Prime.

For those uninformed, Huobi Prime is a token listing platform for high quality tokens. And with the announcement that the Dominica Token will soon be arriving on this platform, bulls have temporarily taken over the market.

DMC is a Tron-based cryptocurrency with support from the Government of Dominica. in that official speech, Huobi said that this listing is of utmost importance for the blockchain ecosystem as it is the first time that a country has officially authorized a token offering.

Huobi Token Price – Technical Analysis

The price chart shows that the Huobi token is accumulating around the $6.8 mark. The hourly candlestick charts indicate that the bears pull back every time the bulls are about to form a bullish engulfing pattern.

The candlestick chart also shows that the HT token has been floating above the 20-day moving average since November 25. As a result, the Huobi token price has increased by 40% since last week.

Advertisement

What does this price action tell us about the future of this token? At the time of writing, Huobi Token was trying to find support at $6.7 (0.5 fib). If that happens, it will rise to retest $7.3 (0.38 Fibonacci). However, a significant development would have to occur for HT to rise to $10, which would require an upside of more than 50%.

Get the best crypto investments available now

The FTX-led crash made people realize the need for technical indicators and tools that help in recognizing the volatile nature of the cryptocurrency market. Dash 2 Trading It just delivers. It is a state-of-the-art digital and social trading platform that offers the best features of investment analysis and testing tools under one roof.

Powering this platform is a crypto asset of the same name. Dash 2 Trade is currently available for pre-sale at a discounted price of $0.0513. This token is going fast, and was recently confirmed to be listed on LBank. Invest in it today To take advantage of the Early Mover feature.

Related articles

  1. Dash 2 trading price prediction
  2. Binance review
  3. Dash 2 trading launch early

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

Advertisement
Continue Reading
Advertisement

Trending