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$APE Goes Wild: $6.7876K Short Liquidation Erupts at $1.1725!
The jungle just roared as APE unleashed chaos, wiping out $6.7876K in short liquidations at $1.1725!
The bears underestimated the beast, and in one savage move, $APE turned the tables, forcing shorts to the brink and beyond.
This wasnât just a liquidationâit was an explosive uprising, leaving a trail of wreckage as bulls seized control.
Traders are now on edge: will $APE continue its ferocious climb, or is a bear ambush lurking in the shadows?
In the high-stakes wilderness of $APE , only the strongest surviveâand the bears just got hunted!
#apecoin
#USJoblessClaimsFall
#GrayscaleSUITrust
#FranklinCryptoETF
#BTCNextMove
The jungle just roared as APE unleashed chaos, wiping out $6.7876K in short liquidations at $1.1725!
The bears underestimated the beast, and in one savage move, $APE turned the tables, forcing shorts to the brink and beyond.
This wasnât just a liquidationâit was an explosive uprising, leaving a trail of wreckage as bulls seized control.
Traders are now on edge: will $APE continue its ferocious climb, or is a bear ambush lurking in the shadows?
In the high-stakes wilderness of $APE , only the strongest surviveâand the bears just got hunted!
#apecoin
#USJoblessClaimsFall
#GrayscaleSUITrust
#FranklinCryptoETF
#BTCNextMove
MAJOR UPCOMING TOKEN UNLOCKS
#Arbitrum $ARB #Apecoin $APE #MantaNetwork $MANTA #Fusionist $ACE #Polyhedra $ZKJ #MerlinChain $MERL #Pixels $PIXEL #ListaDAO $LISTA #SpaceID $ID
#Arbitrum $ARB #Apecoin $APE #MantaNetwork $MANTA #Fusionist $ACE #Polyhedra $ZKJ #MerlinChain $MERL #Pixels $PIXEL #ListaDAO $LISTA #SpaceID $ID
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5 token unlocks to watch for in the coming week
I am telling which tokens will be unlocked in the coming week, and how large unlocks may affect market dynamics.
An unlock (English: unlock) refers to the unlocking of tokens that were previously frozen under the terms of investment rounds or other funding programs.
An unlock (English: unlock) refers to the unlocking of tokens that were previously frozen under the terms of investment rounds or other funding programs.
Trade Setup of #APE/USDT
Trade setup: Bearish breakout from Falling Wedge pattern and price made a new Lower Low, which confirms a downtrend. However, near-term, it was oversold (RSI < 30) and could bounce up off of $2.00 support and swing back up to $3.00 resistance. Momentum turned bullish again (MACD crossover). (set a price alert).
Trend:Â Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance:Â Nearest Support Zone is $2.00. The nearest Resistance Zone is $3.00 (previous support), then $4.00, and $6.30.
#cryptberg #crypto #trading #apecoin
Trade setup: Bearish breakout from Falling Wedge pattern and price made a new Lower Low, which confirms a downtrend. However, near-term, it was oversold (RSI < 30) and could bounce up off of $2.00 support and swing back up to $3.00 resistance. Momentum turned bullish again (MACD crossover). (set a price alert).
Trend:Â Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance:Â Nearest Support Zone is $2.00. The nearest Resistance Zone is $3.00 (previous support), then $4.00, and $6.30.
#cryptberg #crypto #trading #apecoin
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$APE
Yuga Labs co-founder Greg Solano mentioned in a post that after ApeChain and its official cross-chain bridge go online, users can choose between two bridging methods: ApeChain's official Ape Portal portal and Stargate. This design ensures that when one of the bridging methods has a problem, users can try another method for cross-chain operations, thereby improving the reliability and user experience of the cross-chain.
ApeChain's cross-chain bridge provides users with flexibility and selectivity, making the transfer of assets between different blockchains safer and more convenient. Through the official Ape Portal, users can interact directly with ApeChain, and Stargate, as a multi-chain cross-chain bridge protocol, provides an efficient way to transfer assets between different blockchains. The coexistence of these two bridging methods not only provides users with alternatives, but also reflects ApeChain's considerations in improving network stability and user asset security.
#APEUSDT #apecoin #APEăćŻćĽćşč˝ççĽ #APEâ24ĺ°ćśäş¤ćççĽ #apechain
Yuga Labs co-founder Greg Solano mentioned in a post that after ApeChain and its official cross-chain bridge go online, users can choose between two bridging methods: ApeChain's official Ape Portal portal and Stargate. This design ensures that when one of the bridging methods has a problem, users can try another method for cross-chain operations, thereby improving the reliability and user experience of the cross-chain.
ApeChain's cross-chain bridge provides users with flexibility and selectivity, making the transfer of assets between different blockchains safer and more convenient. Through the official Ape Portal, users can interact directly with ApeChain, and Stargate, as a multi-chain cross-chain bridge protocol, provides an efficient way to transfer assets between different blockchains. The coexistence of these two bridging methods not only provides users with alternatives, but also reflects ApeChain's considerations in improving network stability and user asset security.
#APEUSDT #apecoin #APEăćŻćĽćşč˝ççĽ #APEâ24ĺ°ćśäş¤ćççĽ #apechain
What can I say⌠I like a target of 9$ so soon on $APE đââď¸
#apecoin #breakout #TrendingTopic #ape
#apecoin #breakout #TrendingTopic #ape
đ ApeCoin (APE) 2024 Price Prediction đ
ApeCoin (APE), the token powering the Bored Ape Yacht Club (BAYC) ecosystem, is set to play a key role in Web3 and the metaverse. Hereâs what experts predict for 2024:
Price Forecast
đ° Range: $4.50 to $8.00
đ Potential Increase: Driven by ecosystem adoption and metaverse growth.
Key Factors Influencing APE
1ď¸âŁ Ecosystem Expansion: Growth in metaverse applications and NFT integrations could boost APEâs utility.
2ď¸âŁ Market Trends: Bullish crypto market conditions may push APE toward the upper end of predictions.
3ď¸âŁ Volatility Risks: In bearish scenarios, prices could dip below $2, reflecting market fluctuations.
Looking Ahead
With its strong ties to the NFT and gaming sectors, ApeCoin remains a key player in the Web3 space. However, as with all cryptocurrencies, price swings are expected.
đĄ Reminder: Always research before investing in volatile assets like APE!
#Crypto #ApeCoin #Web3 #NFTs #PricePrediction
ApeCoin (APE), the token powering the Bored Ape Yacht Club (BAYC) ecosystem, is set to play a key role in Web3 and the metaverse. Hereâs what experts predict for 2024:
Price Forecast
đ° Range: $4.50 to $8.00
đ Potential Increase: Driven by ecosystem adoption and metaverse growth.
Key Factors Influencing APE
1ď¸âŁ Ecosystem Expansion: Growth in metaverse applications and NFT integrations could boost APEâs utility.
2ď¸âŁ Market Trends: Bullish crypto market conditions may push APE toward the upper end of predictions.
3ď¸âŁ Volatility Risks: In bearish scenarios, prices could dip below $2, reflecting market fluctuations.
Looking Ahead
With its strong ties to the NFT and gaming sectors, ApeCoin remains a key player in the Web3 space. However, as with all cryptocurrencies, price swings are expected.
đĄ Reminder: Always research before investing in volatile assets like APE!
#Crypto #ApeCoin #Web3 #NFTs #PricePrediction
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The Great Watermelon Community has compiled news on various currencies for your reference:
Pay attention to the latest news of Dabai in a timely manner. More spot products, Heyue codes and various news pages are for your reference.
1.Immutable and Merit Circle (BuildonBeam) are gaining attention for their ecosystem, with several new games about to be released, including IMX BEAMX ILV GODS GOG and MATIC.
2.#apecoin - Apecoin will develop Apechain together with Horizen Labs and Arbitrum.
3.AKT - Akash Network launches Akash Chat, a free open source chat platform.
4.ALEX - Alex announces the launch of the BRC-20 launch pad. Details will be released after beta testing.
5.#BAKE - BakerySwap announces the upcoming launch of BitcoinCats1Catâs $1cat token on December 19th.
6.BONK - BONK will be listed on Coinbase and Coinone.
7.COTI - COTI will launch privacy-focused Ethereum Layer-2 in 2024.
8.#fun - The FUNToken team falsely claimed to be listed on Upbit, which was completely refuted by Upbit.
9.ELF - aelf announces the launch of its first inscription.
10.ENJ - Enjin announces Axiomech, a Web3 vehicle combat game, launching December 15th.
11.HFT - Hashflow Tweets about upcoming events or announcements tomorrow.
12.PYR - Vulcan Forged CEO hints at upcoming partnerships with Oculus and Meta, possibly related to the release of the "Vulcan Creed" game.
13.SXP - Solar announces the imminent release of the Solar Card, marking its imminent launch.
14.WLD - Worldcoin launches World ID 2.0.
15. Eclipse has launched a testnet and is expected to launch a developer mainnet beta version by the end of 2023.
16. The Fed keeps interest rates at 5.25-5.50%, marking a 75 basis point rate cut in 2024
Pay attention to the latest news of Dabai in a timely manner. More spot products, Heyue codes and various news pages are for your reference.
1.Immutable and Merit Circle (BuildonBeam) are gaining attention for their ecosystem, with several new games about to be released, including IMX BEAMX ILV GODS GOG and MATIC.
2.#apecoin - Apecoin will develop Apechain together with Horizen Labs and Arbitrum.
3.AKT - Akash Network launches Akash Chat, a free open source chat platform.
4.ALEX - Alex announces the launch of the BRC-20 launch pad. Details will be released after beta testing.
5.#BAKE - BakerySwap announces the upcoming launch of BitcoinCats1Catâs $1cat token on December 19th.
6.BONK - BONK will be listed on Coinbase and Coinone.
7.COTI - COTI will launch privacy-focused Ethereum Layer-2 in 2024.
8.#fun - The FUNToken team falsely claimed to be listed on Upbit, which was completely refuted by Upbit.
9.ELF - aelf announces the launch of its first inscription.
10.ENJ - Enjin announces Axiomech, a Web3 vehicle combat game, launching December 15th.
11.HFT - Hashflow Tweets about upcoming events or announcements tomorrow.
12.PYR - Vulcan Forged CEO hints at upcoming partnerships with Oculus and Meta, possibly related to the release of the "Vulcan Creed" game.
13.SXP - Solar announces the imminent release of the Solar Card, marking its imminent launch.
14.WLD - Worldcoin launches World ID 2.0.
15. Eclipse has launched a testnet and is expected to launch a developer mainnet beta version by the end of 2023.
16. The Fed keeps interest rates at 5.25-5.50%, marking a 75 basis point rate cut in 2024
$APE ALERTđĽđĽđĽâĄâĄâĄ
đ ApeCoinâs ($APE ) Bullish Breakout: Will Resistance at $2.70 Hold? đŚđš
ApeCoinâs [$APE ] recent breakout from a descending triangle pattern on the weekly chart has sparked market excitement, signaling potential bullish momentum! đâ¨
đ At a Glance:
đ Current Price: $1.86 (-2.61% in 24h)
đ RSI: 65.94 (strong momentum)
đ Bullish MA Crossover: Indicates upward trajectory
â ď¸ Key Resistance Level: $2.70
đ On-Chain Insights:
đ Net Network Growth: +0.63% (bullish signal)
đź Large Transactions: +2.45% (big players interested)
âď¸ âIn the Moneyâ Metric: Neutral at +0.42%
However, đ Address Activity has dropped significantly:
đ New Addresses: -10.96%
đ Active Addresses: -6.58%
đ Zero-Balance Addresses: -13.67%
âď¸ Derivatives Market:
đ Funding Rate: 0.0518% (neutral to slightly bullish)
đ Open Interest (OI): Cautiously optimistic, but traders await stronger catalysts.
đĄ Whatâs Next for APE?
đĽ Breaking resistance at $2.70 is crucial for sustained bullish momentum.
đ Increasing address activity and ecosystem engagement will be vital for long-term growth.
đ Follow us and Stay tuned for more insights & price predictions on Binance!
#ApeCoin #APEâ24ĺ°ćśäş¤ćççĽ
đ ApeCoinâs ($APE ) Bullish Breakout: Will Resistance at $2.70 Hold? đŚđš
ApeCoinâs [$APE ] recent breakout from a descending triangle pattern on the weekly chart has sparked market excitement, signaling potential bullish momentum! đâ¨
đ At a Glance:
đ Current Price: $1.86 (-2.61% in 24h)
đ RSI: 65.94 (strong momentum)
đ Bullish MA Crossover: Indicates upward trajectory
â ď¸ Key Resistance Level: $2.70
đ On-Chain Insights:
đ Net Network Growth: +0.63% (bullish signal)
đź Large Transactions: +2.45% (big players interested)
âď¸ âIn the Moneyâ Metric: Neutral at +0.42%
However, đ Address Activity has dropped significantly:
đ New Addresses: -10.96%
đ Active Addresses: -6.58%
đ Zero-Balance Addresses: -13.67%
âď¸ Derivatives Market:
đ Funding Rate: 0.0518% (neutral to slightly bullish)
đ Open Interest (OI): Cautiously optimistic, but traders await stronger catalysts.
đĄ Whatâs Next for APE?
đĽ Breaking resistance at $2.70 is crucial for sustained bullish momentum.
đ Increasing address activity and ecosystem engagement will be vital for long-term growth.
đ Follow us and Stay tuned for more insights & price predictions on Binance!
#ApeCoin #APEâ24ĺ°ćśäş¤ćççĽ
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$RARE Now it's Ape's turn, there's no point in wasting time here anymore #ApeTerminal #apeyukselisbaslasin #APENFT #ApeCoin #APE
After 2 years of hard work, $APE is ready to release the products đââď¸đŠâđťđââď¸ Back to 27$ ATH? đ¤ˇââď¸
#TrendingTopic #gainers #binance #apecoin
#TrendingTopic #gainers #binance #apecoin
With the launch of bridges on ApeChain, ApeCoin has undergone significant development in its ecosystem. ApeCoin tweeted recently, saying, âBridges are live. Bring your tokens to ApeChain right now to start earning native income on APE, ETH, and several stablecoins.
For the platform, this is a turning point since users may now easily migrate their assets across ApeChain and other networks, therefore improving liquidity and generating possibilities. The newly revised ApeChain website allows users to access the official bridge as well as companion apps, therefore facilitating their access into this creative network.
#apecoin
For the platform, this is a turning point since users may now easily migrate their assets across ApeChain and other networks, therefore improving liquidity and generating possibilities. The newly revised ApeChain website allows users to access the official bridge as well as companion apps, therefore facilitating their access into this creative network.
#apecoin
APE COIN IMPORTANT ARTICLE FOR CRYPTO TRADERS
Btc vs ape coin
ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the âBlueprintâ for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the first phase of ApeChainâs rollout, which includes prioritizing content partners, developing a user-friendly ecosystem site, and providing robust developer tools.
ApeChain, per Greg Solano, chief executive of Yuga Labs, is prioritizing âkiller day one content partnersâ in an effort to find the âcoolest stuff on the chain easy.â The network will also focus on incentives and distribution channels âthat help creators get noticed,â Solano added.
To achieve this goal, ApeChain collaborated with web3 firms like Halliday, Decent, and Privy to streamline onboarding and fiat onramps via the ApeChain Portal.
You might also like:
ApeCoin DAO launches accelerator to increase APE adoption
Another component of the ApeChain would enable users to bet on events or individuals via the so-called Reboot Protocol in addition to the Native Yield system developed for withdrawals of assets like ApeCoin ApeCoin
ape
-3.01%
ApeCoin and Ethereum (ETH). ApeCoin says ApeChainâs strategy aligns with Arbitrum milestones, including the integration of Stylus, which allows blockchain developers to build smart contracts using WebAssembly-compatible languages.As crypto.news reported earlier, the ApeCoin DAO community greenlit the development of ApeChain on Arbitrum in February, with backing from Horizen Labs. The technical roadmap indicates that APE tokens will serve as both the gas and governance token for the new network. A few months later, in July, the ApeChain network debuted testnet named Curtis.Read more:
ApeCoin community to buy top NFTs through new DAO
ApeCoin
ape
-3.01%
ApeCoin
Read more about
ApeCoin
Blockchain
Layer 2
Experts weigh in on whether Bitcoin can break free from Septemberâs be Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism.Coinglass data shows that, since 2013, Bitcoin Bitcoin btc -4.44%
Bitcoin has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in 2024. Yet, there are signs this September might break from tradition. Traders are anticipating that a potential interest rate cut by the Federal Reserve could increase demand for riskier assets like Bitcoin. At the same time, institutional interest is higher than before, driven by the approval of spot Bitcoin ETFs in January. Adding to this sanguinity, Bitcoinâs hashrate has hit an all-time high of 746 EH/s, signaling a potentially bullish shift despite recent price fluctuations.
Nevertheless, skepticism remains among some analysts who believe the bearish trend could still prevail. Rate cuts and market sentiment
Georgii Verbitskii, Founder of TYMIO, suggests that a rate cut could push Bitcoin to test the upper end of its current trading range. He told crypto.news that if central banks go ahead with the anticipated rate cuts, Bitcoin might draw more investors seeking a hedge against inflation.
âGiven that [Bitcoin] has been trading sideways for the past six months, a big breakout before the yearâs conclusion may be logical.â
He added that pro-crypto legislative moves in the United States might further elevate market sentiment and drive investment.
Meanwhile, Casey Grooms, co-founder of Soulbound, underlined that Bitcoinâs recent price action has been influenced by high macroeconomic uncertainty, with a critical pivot in Federal interest rates shaping market sentiment.
Grooms pointed to the Fedâs preferred inflation measure, the Personal Consumption Expenditures (PCE) index, which remains steady at 2.5%.
âWith the closeness to the basic target of 2%, the interest rate cut pivot may happen sooner than expected,â Grooms told crypto.news.
He added that while the Federal Reserve is closely watched, other central banks, like the Bank of England and the Bank of Canada, are already cutting rates. If this trend continues, it could boost global liquidity, weaken fiat currencies, and make Bitcoin more attractive as a store of value.
You might also like:
Bitcoin, Ethereum whales accumulate despite market-wide selloff
Bitcoin ETFs as a potential catalyst for recovery
In contrast, Jonathan Hargreaves, Global Head of Business Development & ESG at Elastos, maintained a more measured outlook. He pointed out that, although stronger macroeconomic factors and new ETF developments could support Bitcoin, September has often been a month of mixed signals, with alternating phases of growth and decline. As such, he expects September to start on a bearish note but hopes for a rebound in the final quarter.
Bing Wang, Head of Legal at BasedVC, suggested that this yearâs cycle could diverge from past patterns due to the ongoing inflow of capital into Bitcoin Spot ETFs and the anticipated Federal Reserve rate cut.
âIf institutional capital continues to flow into Bitcoin ETFs, BTC price could sustain above key support at $60,000,â Wang told crypto.news. Similarly, QCP Capital analysts indicated earlier that Bitcoin could be looking for support, but at a lower range, around $54,000, before any significant rebound might occur.
Wang also pointed to a drop in whale transactionsâlarge transfers over $100,000âsignifying that major holders are clasping onto their Bitcoin.
âThey are likely holding on to their BTC, which implies there is likelihood of gains in Bitcoin this September and beyond. However, large scale profit-taking could push BTC lower, so keep that in mind.â
Read more:
Over $1b worth of Bitcoin left exchanges in 7 days
Bitcoin
btc
-4.44%
Bitcoin
Read more about
Bitcoin
Cryptocurrency
DeFi
Follow Us on Google News
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#apecoin #ApeCoinAdventure #apecoinnews
ApeCoin has unveiled the Blueprint for ApeChain, highlighting its focus on enhancing the blockchain experience through content, tools, and distribution.
Bored Ape Yacht Club-inspired crypto ecosystem ApeCoin has unveiled the âBlueprintâ for its layer-2 solution ApeChain, marking a key advancement in its blockchain strategy by focusing on content, tools, and distribution to elevate user and developer experiences.
In a press release shared with crypto.news, ApeCoin outlined the first phase of ApeChainâs rollout, which includes prioritizing content partners, developing a user-friendly ecosystem site, and providing robust developer tools.
ApeChain, per Greg Solano, chief executive of Yuga Labs, is prioritizing âkiller day one content partnersâ in an effort to find the âcoolest stuff on the chain easy.â The network will also focus on incentives and distribution channels âthat help creators get noticed,â Solano added.
To achieve this goal, ApeChain collaborated with web3 firms like Halliday, Decent, and Privy to streamline onboarding and fiat onramps via the ApeChain Portal.
You might also like:
ApeCoin DAO launches accelerator to increase APE adoption
Another component of the ApeChain would enable users to bet on events or individuals via the so-called Reboot Protocol in addition to the Native Yield system developed for withdrawals of assets like ApeCoin ApeCoin
ape
-3.01%
ApeCoin and Ethereum (ETH). ApeCoin says ApeChainâs strategy aligns with Arbitrum milestones, including the integration of Stylus, which allows blockchain developers to build smart contracts using WebAssembly-compatible languages.As crypto.news reported earlier, the ApeCoin DAO community greenlit the development of ApeChain on Arbitrum in February, with backing from Horizen Labs. The technical roadmap indicates that APE tokens will serve as both the gas and governance token for the new network. A few months later, in July, the ApeChain network debuted testnet named Curtis.Read more:
ApeCoin community to buy top NFTs through new DAO
ApeCoin
ape
-3.01%
ApeCoin
Read more about
ApeCoin
Blockchain
Layer 2
Experts weigh in on whether Bitcoin can break free from Septemberâs be Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism.Coinglass data shows that, since 2013, Bitcoin Bitcoin btc -4.44%
Bitcoin has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in 2024. Yet, there are signs this September might break from tradition. Traders are anticipating that a potential interest rate cut by the Federal Reserve could increase demand for riskier assets like Bitcoin. At the same time, institutional interest is higher than before, driven by the approval of spot Bitcoin ETFs in January. Adding to this sanguinity, Bitcoinâs hashrate has hit an all-time high of 746 EH/s, signaling a potentially bullish shift despite recent price fluctuations.
Nevertheless, skepticism remains among some analysts who believe the bearish trend could still prevail. Rate cuts and market sentiment
Georgii Verbitskii, Founder of TYMIO, suggests that a rate cut could push Bitcoin to test the upper end of its current trading range. He told crypto.news that if central banks go ahead with the anticipated rate cuts, Bitcoin might draw more investors seeking a hedge against inflation.
âGiven that [Bitcoin] has been trading sideways for the past six months, a big breakout before the yearâs conclusion may be logical.â
He added that pro-crypto legislative moves in the United States might further elevate market sentiment and drive investment.
Meanwhile, Casey Grooms, co-founder of Soulbound, underlined that Bitcoinâs recent price action has been influenced by high macroeconomic uncertainty, with a critical pivot in Federal interest rates shaping market sentiment.
Grooms pointed to the Fedâs preferred inflation measure, the Personal Consumption Expenditures (PCE) index, which remains steady at 2.5%.
âWith the closeness to the basic target of 2%, the interest rate cut pivot may happen sooner than expected,â Grooms told crypto.news.
He added that while the Federal Reserve is closely watched, other central banks, like the Bank of England and the Bank of Canada, are already cutting rates. If this trend continues, it could boost global liquidity, weaken fiat currencies, and make Bitcoin more attractive as a store of value.
You might also like:
Bitcoin, Ethereum whales accumulate despite market-wide selloff
Bitcoin ETFs as a potential catalyst for recovery
In contrast, Jonathan Hargreaves, Global Head of Business Development & ESG at Elastos, maintained a more measured outlook. He pointed out that, although stronger macroeconomic factors and new ETF developments could support Bitcoin, September has often been a month of mixed signals, with alternating phases of growth and decline. As such, he expects September to start on a bearish note but hopes for a rebound in the final quarter.
Bing Wang, Head of Legal at BasedVC, suggested that this yearâs cycle could diverge from past patterns due to the ongoing inflow of capital into Bitcoin Spot ETFs and the anticipated Federal Reserve rate cut.
âIf institutional capital continues to flow into Bitcoin ETFs, BTC price could sustain above key support at $60,000,â Wang told crypto.news. Similarly, QCP Capital analysts indicated earlier that Bitcoin could be looking for support, but at a lower range, around $54,000, before any significant rebound might occur.
Wang also pointed to a drop in whale transactionsâlarge transfers over $100,000âsignifying that major holders are clasping onto their Bitcoin.
âThey are likely holding on to their BTC, which implies there is likelihood of gains in Bitcoin this September and beyond. However, large scale profit-taking could push BTC lower, so keep that in mind.â
Read more:
Over $1b worth of Bitcoin left exchanges in 7 days
Bitcoin
btc
-4.44%
Bitcoin
Read more about
Bitcoin
Cryptocurrency
DeFi
Follow Us on Google News
Load More
Related News
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#apecoin #ApeCoinAdventure #apecoinnews
The voting for $APE proposal partnership with Redacted, a Formula One Team is now LIVE đââď¸đď¸
#apecoin #proposal #formula1 #TrendingTopic
#apecoin #proposal #formula1 #TrendingTopic