Can Bitcoin’s support hold amid increased risk sentiment this week
Bitcoin has been on a downward trajectory in the last seven days after encountering resistance just above $24,000. The resistance retest confirms Bitcoin’s currently upward channel as it gradually recovers from the harsh downside in June. However, this week’s market events highlight increased uncertainty and the risk that it might lose its support. The aforementioned […]
Bitcoin, Ethereum Gas Fees Hit Lows Ahead Of FOMC; Here’s Why
The Global crypto market cap fell by 3.6% over the last day after regaining the vital $1 trillion mark. Anticipation building over the upcoming Federal Open Market Committee (FOMC) meeting has led to an increase in the selling pressure in the market. Bitcoin price looked weak as the crucial meeting closes in. Bitcoin price down The post Bitcoin, Ethereum Gas Fees Hit Lows Ahead Of FOMC; Here’s Why appeared first on CoinGape.
Decoding why MATIC is yet to deliver a strong bounce back
MATIC delivered a heavily bearish performance in April but it looks like the bears are running out of momentum. Although the selling pressure seems to be tapering out, the price demonstrated some sideways action in the first three days of May due to a lack of strong buying pressure. MATIC has been hovering within the […]
How today’s FOMC conference can affect your Bitcoin and altcoin holdings
Bitcoin and altcoins just concluded a bearish month in April and are currently waiting on the next catalyst. Although the markets are due for some bullish correction, investors remain cautious especially with the upcoming Federal Open Market Committee (FOMC) conference. Bitcoin and most of the top altcoins have been experiencing significant sideways action in the […]
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open Market Committee (FOMC) said in a statement. The […]
QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers
This week the U.S. Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero. Meanwhile, the Fed also stated that it would continue buying bonds until the U.S. economy returns to full employment. America’s central bank met this week for […] The post QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers appeared first on Bitcoin News.