Key Highlights On-chain analyst Willy Woo identifies a Fisher Transform golden cross on Bitcoin’s monthly chart, marking only the fourth such bottom signal in the asset’s history. Crypto analyst Murphy contends that interest rate hikes by the Federal Reserve and Bank of Japan are not inherently bearish for Bitcoin, emphasizing pace of tightening and market ...
Key Highlights DeFi and Layer-2 tokens led a broad crypto market rally Friday, with the DeFi Select Index surging 16% in 24 hours as risk-on sentiment returned following the Fed rate decision. Bitcoin reclaimed $78,000 while Uniswap (UNI) futures open interest neared a record high, signaling strong institutional conviction in major DeFi protocols. Implied volatility ...
Key Highlights The Clarity Act failed to advance in the U.S. Senate on Tuesday, securing only 49 of the 60 votes required for cloture. Bitcoin dipped briefly below $74,887 but stabilized rapidly, signaling traders had largely priced in the legislative risk. Analyst Mitchell Askew of Blockware Intelligence interprets the muted price reaction as evidence of ...
Key Highlights Major Wall Street banks have shifted to more hawkish rate forecasts following the Federal Reserve’s September 25 basis point hike, with the median analyst prediction now pointing to one additional 25 basis point increase. Forecasts are split on timing: NatWest, Swedbank, and Goldman Sachs see an October hike, while Standard Chartered and Commerzbank ...
Key Highlights BTC.TOP founder Jiang Zhuoer has repurchased all Bitcoin positions he sold at $77,226, marking a swift strategic reversal. The prominent Chinese miner cites persistent strong buying pressure and now projects Bitcoin will climb to the $80,000–$84,000 range. The turnaround follows legislative headwinds for the U.S. CLARITY Act and a reassessment of macroeconomic risk ...
Key Highlights The Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%–4% on a unanimous 12–0 vote, marking the first hike since July 2023. Bitcoin held near $76,300, largely unmoved by the decision, while the broader crypto market capitalization stabilized around $2.63 trillion. Zcash (ZEC) surged up to 23% to a ...
Diesel prices are surging globally, driven primarily by escalating geopolitical tensions in the Middle East. The ongoing conflict involving the U.S., Israel, and Iran has disrupted crude oil flows and injected significant risk premiums into refined product markets. Compounding the supply-side pressure, tight refinery capacity and robust demand from both freight and industrial sectors have ...
Bitcoin Support Levels to Watch: Analyst Lark Davis Highlights $73K and $67K Zones Amid Regulatory Uncertainty Cryptocurrency investor and analyst Lark Davis has outlined key technical support levels for Bitcoin should the asset face further downside pressure. In an assessment shared via X, Davis identified the 200-day exponential moving average (EMA) near $73,000 as the ...
Privacy-focused cryptocurrency Zcash (ZEC) surged 23% over the past 24 hours, leading gains across major digital assets as Bitcoin and the broader crypto market rallied overnight into Asian trading hours Thursday. The move coincided with a recovery in U.S. stock futures following the Federal Reserve’s first interest-rate increase since 2023. Market Snapshot: ZEC Leads, Bitcoin ...
Bitcoin maintained its position near pre-announcement levels around $76,000 on Wednesday, showing minimal immediate reaction to the U.S. Federal Reserve’s decision to raise its benchmark interest rate for the first time since 2023. Fed Raises Rates by 25 Basis Points The Federal Open Market Committee voted unanimously to increase rates by 25 basis points, setting ...
Goldman Sachs Revises Fed Rate Forecast, Now Expects October Hike Goldman Sachs has executed a significant reversal in its Federal Reserve policy outlook, now projecting that the central bank will raise its benchmark interest rate once more in October. This new forecast marks a 180-degree pivot from the firm’s previous expectation of a September hike ...
Fed Rate Decision Looms as Key Catalyst for Gold Price Direction The Federal Reserve’s September 16 interest rate decision stands as the pivotal event for gold markets this week, with traders closely monitoring XAUUSD for signs of a decisive breakout or rejection following the FOMC announcement. Gold has rebounded from the $4,300 level to trade ...