Cryptomarketmoves
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Brace yourselves! This week, critical economic data from Japan, the U.S., the U.K., Hong Kong, and Taiwan could shake up the crypto market. Watch out for Japan's PPI on Tuesday, U.S. and U.K. CPI reports on Wednesday, and GDP updates from Hong Kong and Taiwan on Friday. Will inflation spikes or growth slowdowns push crypto higher, or send investors running for cover? Share your predictions and strategies! 🚀📉
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Key Economic Events Expected to Impact Crypto Market This Week
According to BlockBeats, several significant macroeconomic events this week are anticipated to influence the cryptocurrency market's trajectory.On Wednesday, August 21, at 1:35 AM, Raphael Bostic, the 2024 FOMC voting member and President of the Federal Reserve Bank of Atlanta, is scheduled to deliver a speech. This event is closely watched by market participants for insights into future monetary policy directions.Following this, on Thursday, August 22, at 2:00 AM, the Federal Reserve will release the minutes of its recent monetary policy meeting. These minutes are expected to provide detailed insights into the discussions and considerations that influenced the Fed's latest policy decisions, which could have significant implications for the financial markets, including cryptocurrencies.Later on the same day, at 8:30 PM, the U.S. Department of Labor will announce the initial jobless claims for the week ending August 17. This data is a critical indicator of the labor market's health and can influence market sentiment and economic forecasts.Finally, on Friday, August 23, at 10:00 PM, Federal Reserve Chairman Jerome Powell will speak at the annual Jackson Hole Economic Symposium. Powell's remarks on the economic outlook are highly anticipated and can have a substantial impact on market expectations and movements.These events are expected to play a crucial role in shaping the market dynamics for cryptocurrencies in the coming days.
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⚠️ Bitcoin on the Edge! Market in EXTREME FEAR as BTC Threatens to Slip Below $50K
$BTC
The crypto world is holding its breath as Bitcoin hovers dangerously close to the $50,000 mark. The Crypto Fear & Greed Index has plunged to 22, its lowest point since early August, signaling a possible sharp correction this weekend! 😱
CryptoQuant’s Axel Adler recalls previous crashes, like the China mining ban and the infamous Luna collapse, when fear hit its peak. Could we be on the verge of another major drop?
Former BitMEX CEO Arthur Hayes is calling it: “BTC is heavy, I’m gunning for sub-$50K this weekend. Pray for my soul.” 🙏
Historically, September has been Bitcoin's worst-performing month with an average return of -4.69%. Current price action aligns with similar halving cycle drops. If BTC fails to hold $50K, we could see a swift decline.
But it’s not all bad news! 🟢 Analysts like Mags & Rekt Capital believe a cup-and-handle pattern is forming—a bullish sign that could lead to an explosive breakout once this correction settles.
Bitfinex analysts say $50K might just be the floor before the next bull run! Could this dip be the perfect entry point before Bitcoin takes off again? 🚀
Stay sharp, stay informed, and follow experts like @Professor Mende for the latest insights!
#USNonFarmPayrollReport #TON #BNBChainMemecoins #Cryptomarketmoves #BinanceBlockchainWeek
$BTC
The crypto world is holding its breath as Bitcoin hovers dangerously close to the $50,000 mark. The Crypto Fear & Greed Index has plunged to 22, its lowest point since early August, signaling a possible sharp correction this weekend! 😱
CryptoQuant’s Axel Adler recalls previous crashes, like the China mining ban and the infamous Luna collapse, when fear hit its peak. Could we be on the verge of another major drop?
Former BitMEX CEO Arthur Hayes is calling it: “BTC is heavy, I’m gunning for sub-$50K this weekend. Pray for my soul.” 🙏
Historically, September has been Bitcoin's worst-performing month with an average return of -4.69%. Current price action aligns with similar halving cycle drops. If BTC fails to hold $50K, we could see a swift decline.
But it’s not all bad news! 🟢 Analysts like Mags & Rekt Capital believe a cup-and-handle pattern is forming—a bullish sign that could lead to an explosive breakout once this correction settles.
Bitfinex analysts say $50K might just be the floor before the next bull run! Could this dip be the perfect entry point before Bitcoin takes off again? 🚀
Stay sharp, stay informed, and follow experts like @Professor Mende for the latest insights!
#USNonFarmPayrollReport #TON #BNBChainMemecoins #Cryptomarketmoves #BinanceBlockchainWeek
⚠️ Crypto Market in 'EXTREME FEAR' Mode as Bitcoin Threatens to Drop Below $50K
Bitcoin is teetering on the edge of a $50,000 breakdown, with analysts sounding alarms as market sentiment takes a nosedive. The Crypto Fear & Greed Index is flashing red, hitting 22, its lowest point since early August—raising concerns that a sharp correction may be on the horizon this weekend.
CryptoQuant analyst Axel Adler recalled the index plunging to 10% during China’s mining ban, and even lower during the infamous Luna crash. Now, with extreme fear settling in, trader sentiment has rarely been this grim.
Former BitMEX CEO Arthur Hayes jumped in, predicting sub-$50K levels this weekend, adding: "BTC is heavy, I’m gunning for sub $50k this weekend. Pray for my soul."
Historically, September has been a rough month for Bitcoin, with an average return of -4.69%, making it the worst-performing month, according to CoinGlass. Current price action aligns with previous halving cycles, which have seen similar downside in recent Septembers. Technical Breakdown Looming? Traders are eyeing a descending diagonal rejection on BTC’s chart, with the price likely to continue dipping if support doesn't hold. A bounce could occur, but failing to hold $50K may send Bitcoin into a freefall.
But not all is doom and gloom! 🟢 Some, like Mags and Rekt Capital, believe BTC is forming a cup-and-handle pattern—a historically bullish indicator that could spark an explosive uptrend once this correction shakes out.
Bitfinex analysts caution that $50K could be a key floor before the next major bull run takes off, with a pattern of diminishing returns as each cycle progresses.
Follow @Professor Mende - Bonuz Ecosystem Founder for more updates!
#USNonFarmPayrollReport #TON #BNBChainMemecoins #Cryptomarketmoves #BinanceBlockchainWeek $BTC
Bitcoin is teetering on the edge of a $50,000 breakdown, with analysts sounding alarms as market sentiment takes a nosedive. The Crypto Fear & Greed Index is flashing red, hitting 22, its lowest point since early August—raising concerns that a sharp correction may be on the horizon this weekend.
CryptoQuant analyst Axel Adler recalled the index plunging to 10% during China’s mining ban, and even lower during the infamous Luna crash. Now, with extreme fear settling in, trader sentiment has rarely been this grim.
Former BitMEX CEO Arthur Hayes jumped in, predicting sub-$50K levels this weekend, adding: "BTC is heavy, I’m gunning for sub $50k this weekend. Pray for my soul."
Historically, September has been a rough month for Bitcoin, with an average return of -4.69%, making it the worst-performing month, according to CoinGlass. Current price action aligns with previous halving cycles, which have seen similar downside in recent Septembers. Technical Breakdown Looming? Traders are eyeing a descending diagonal rejection on BTC’s chart, with the price likely to continue dipping if support doesn't hold. A bounce could occur, but failing to hold $50K may send Bitcoin into a freefall.
But not all is doom and gloom! 🟢 Some, like Mags and Rekt Capital, believe BTC is forming a cup-and-handle pattern—a historically bullish indicator that could spark an explosive uptrend once this correction shakes out.
Bitfinex analysts caution that $50K could be a key floor before the next major bull run takes off, with a pattern of diminishing returns as each cycle progresses.
Follow @Professor Mende - Bonuz Ecosystem Founder for more updates!
#USNonFarmPayrollReport #TON #BNBChainMemecoins #Cryptomarketmoves #BinanceBlockchainWeek $BTC