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Will the US interest rate cut be implemented soon? Should we hold or sell?
BTC once dipped to the support level of $63,000 on that day, and then rebounded slightly. As of the time of writing, the trading price is $63,105, with a decrease of nearly 2% in the past 24 hours.
Will a Fed rate cut trigger a bitcoin bull market? What is the expected price of BTC?
Federal Reserve Chairman Powell hinted at a rate cut in September, which may lead to volatility in the crypto market. The rate cut could stimulate economic growth and potentially divert funds from the bond market to the crypto market, driving up the price of bitcoin.
With Powell's remarks igniting the cryptos market, bitcoin has risen by 5%.
On Friday, August 23, 2024, after recent comments by Federal Reserve Chair Jerome Powell, bitcoin soared more than 5%.
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Rate cuts and bullish ETFs: Will the cryptocurrency market see an explosive increase?
The decision to cut interest rates is essentially confirmed, which is a long-term bullish for the market rather than a short-term stimulus.
Will the US dollar cut interest rates soon? Will it really rise? Stick with it or cut losses?
Will the US dollar cut interest rates soon? Will it really rise? Stick with it or cut losses?
What important information was mentioned by the Chair of the Federal Reserve in the global central bank annual meeting? (Full text attached)
At 22:00 on the 23rd Hong Kong time, Federal Reserve Chairman Powell made an important speech at the Jackson Hole Global Central Bank Annual Meeting on the US economy and the Federal Reserve's monetary policy.
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Bitwise: Powell's statement sounds the trumpet for a new bull market for bitcoin.
With Federal Reserve Chairman Jerome Powell signaling the start of interest rate cuts, the uncertainty surrounding bitcoin is finally dissipating.
Can the rise of SOL and TRON surpass ethereum in this bull market?
Although Tron and Solana have shown strong momentum in the cryptocurrency market, Shiba Inu has struggled to regain its momentum.
After bitcoin broke through the 65,000 level, is the pullback an adjustment or a true correction?
The recent price trend of Bitcoin is influenced by key factors. The initial concerns about the Mt. Gox trustee and the possible sale of BTC by the German and US governments have now largely subsided. However, the upcoming US presidential election, often referred to as the “Bitcoin election” within the cryptocurrency community, has brought new uncertainty, causing investors to adopt more cautious risk aversion strategies.
On Monday, 8.26 bitcoins failed to break through. Can the market start this week?
I have marked the current lower support in the chart, everyone can pay attention to it. Specifically, we need to wait for the price to rebound and form a bullish candle before confirming the support.
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This week, pay close attention to the news on the data side. Do not chase high in bitcoin and be cautious of a pullback.
Cryptocurrency traders and investors are closely watching key events on this week's US economic calendar. Due to the price of bitcoin (BTC) maintaining above $64,000, these events may trigger significant market fluctuations.