As the price of Bitcoin (BTC) continues to demonstrate a major fall in valuation, indicating a gloomy attitude toward the crypto asset, the bulls in the market are hopeful that the market will soon enter another Season for Altcoins. Altcoins Showing Massive Buying Opportunity Bitcoin’s recent dip signaled the beginning of the decline in the cryptocurrency market, causing several altcoins to drop significantly. However, many cryptocurrency analysts believe that the drop in these altcoin prices might serve as an opportunity for future gains since the alt-season is on the horizon. Popular cryptocurrency expert and trader Michael Van De Poppe has revealed…
Author: msmark
The Solana blockchain has supplanted Ethereum as the leader in trading volume on decentralized exchanges. According to DeFiLlama, trading volume on decentralized exchanges (DEX) in Solana increased by 67% in seven days to $21.3 billion. Over the same period, the volume of decentralized exchanges based on Ethereum grew by 3% to $19.4 billion. Source: DefiLlama Solana (SOL) tested the $200 level this year, while Ethereum (ETH) climbed to the $4,000 level in March amid Bitcoin’s (BTC) rally to a new all-time high. Solana managed to gain primacy thanks to the hype around Solana-based meme coins Dogwifhat (WIF), Bonk (BONK), Book…
The USDCAD yesterday moved higher and moved into a swing area on the 4-hour chart between 1.36049 and 1.36269. In between sits the 61.8% retracement of the move down from the November 2023 high to the December 2023 low at 1.3623. That move to the upside failed and the price rotated back lower into the close.In trading today, buyers returned as traders position for the FOMC rate decision at 2 PM ET along with the Fed chair press conference at 2:30 PM. However, the high price stalled just ahead of the low of the aforementioned swing area at 1.36049, and…
Michael Saylor faced obstacles before he successfully added Bitcoin to MicroStrategy’s balance sheet in 2020. Speaking at the 2024 Abundance360 Summit this week, Saylor revealed how he offered to buy out MicroStrategy shareholders in a Dutch action when they moved to first acquire $250 million worth of Bitcoin. The comments come after Saylor and his company announced earlier this week that they had purchased approximately 9,245 bitcoins for around $623 million. This latest acquisition brings MicroStrategy’s total holdings to about 214,246 BTC.In a video clip from the conference, Saylor explained how he offered MicroStrategy shareholders the option to tender their shares back…
The Federal Reserve is widely anticipated to keep interest rates unchanged. The revised dot plot and Fed Chairman Powell’s remarks could provide important clues about the policy outlook. The US Dollar could find extra legs in case of a hawkish outcome. The Federal Reserve (Fed) will announce monetary policy decisions following the March meeting and release the revised Summary of Economic Projections (SEP), the so-called dot plot, on Wednesday. Market participants widely anticipate that the US central bank will leave the policy rate unchanged at 5.25%-5.5% for the fifth consecutive meeting. The CME FedWatch Tool shows that markets see little…
Certain Bitcoin fundamentals suggest the flagship crypto token is well primed for further growth in this bull market. However, its recent price decline has sparked concerns about the reason for this downward trend despite everything pointing to a sustained upward movement. Bitcoin Supply On Exchanges Hit 4-Year Low Data from the on-chain analysis platform CryptoQuant highlighted that the supply of Bitcoin on exchanges has seen nearly a 40% drop in 4 years and is reducing ahead of the Bitcoin halving. This underscores the bullish sentiment around the Bitcoin ecosystem as the decreasing supply on supply suggests that most investors have…
GBP/USD Price, Analysis, and ChartsUK CPI fell to 3.4%, beating expectations.Fed rate decision, new dot plot, and press conference now keyMost Read: British Pound Wilts as Markets Await Both Fed and BoEAccording to the latest Office for National Statistics data, UK inflation fell faster than expected in February, pushed lower by falling food prices. Headline inflation fell to 3.4%, down from 4% in January and marginally lower than market forecasts of 3.5%, while core inflation fell to 4.5%, down from 5.1% and a fraction below market estimates of 4.6%. Good news for the Bank of England as it continues to…
This week could mark a pivotal moment in the first quarter of 2024 for the entire crypto market and the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), as major central banks, led by the Bank of Japan and the US Federal Reserve (Fed), prepare to announce their interest rate decisions. According to crypto futures exchange Blofin, these announcements will set the tone for monetary policy in the coming months. The impact of safe-haven sentiment has led to a pullback in both BTC and ETH prices, with traders expressing greater optimism for BTC. Bitcoin Price Movement Range Projected At 9.78%…
Join Our Telegram channel to stay up to date on breaking news coverage The Fantom price rose 6% in the last 24 hours to trade at $0.8547 as of 00:21 a.m. EST on trading volume that surged 84% to $709 million. This comes amid a crypto crash as BTC’s momentum slows and traders take profits from the recent rally. The total cryptocurrency market capitalization plunged almost 8% to $2.37 trillion, according to CoinMarketCap. Fantom Price Bulls Aiming For A Breakout FTMUSD Chart Analysis Source: TradingView.com Fantom has been gaining massively, recording a 108% increase in the last 30 days, allowing the…
2024.03.20 2024.03.20 Franc’s dilemma. Forecast as of 20.03.2024Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/Inflation has been in the 0-2% range for nine months and is confidently moving towards its lower limit, so Swiss National Bank officials should consider monetary easing. Let’s discuss this topic and make up a trading plan for USDCHF.Weekly Swiss franc fundamental forecastThe USDCHF bulls have the right to be offended by the Swiss National Bank, which did its best to support its own currency. Thanks to the growth in the scale of foreign exchange transactions from 22.3 billion CHF in 2022 to 132.9 billion CHF in 2023, the franc became the best…