Despite its decentralized nature, Bitcoin and the cryptocurrency market as a whole are under significant pressure from traditional stock markets. Authoritative global exchanges, such as the New York Stock Exchange (NYSE), NASDAQ, as well as some international exchanges, including the London Stock Exchange (LSE) and Shanghai (SSE), play a key role in shaping sentiments in the crypto market. This article explores how traditional exchanges influence Bitcoin, what relationships can be traced between traditional assets and cryptocurrency, and why this interaction is so important for analyzing and forecasting Bitcoin's movements.
Upcoming Economic Reports in the U.S. That May Impact the Crypto Market, November 11–18, 2024.
1. Core Consumer Price Index (CPI) for October - November 13, 2024. The Core CPI for October (m/m) represents a measure that excludes volatile prices for food and energy, reflecting the real level of inflation. The Core CPI is an indicator of purchasing power and inflationary processes in the U.S. economy. At high values of this index, the Fed may lean towards further tightening of monetary policy, which could put pressure on the cryptocurrency market.
Averaging an asset on a cryptocurrency exchange: the mathematics of sales
Averaging is a method of managing the purchase price of an asset by increasing or decreasing its average cost. It is often applied when an asset has been purchased at different prices, and it is necessary to determine the price at which it is more profitable to sell to achieve profit or minimize losses. Let's see how this works in practice and which mathematical formulas can help in making a selling decision.
The Trust Wallet team recently launched their second launch pool! The first launch pool was a success: its participants received about $6 for every $1,000 invested - a great result! For TWT token holders, the second launch pool opens up a new opportunity. If you believe in the potential of Trust Wallet and hold TWT for staking, then this launch pool is for you.
Why is Trump, Kamala and Elon Musk-themed cryptocurrency taking over the market? Memcoins are coins whose value is often tied more to culture and social phenomenon than actual utility. While Dogecoin and Shiba Inu have become classics, newcomers to the scene like memecoins inspired by Donald Trump, Kamala Harris, and even Elon Musk are on the rise. Why are these particular characters the inspiration for new digital currencies, and what makes them so attractive to investors?
Trump's 2024 Crypto Promises: What Should Crypto Investors Expect?
In 2024, Donald Trump re-entered the political arena with a renewed set of promises, including, surprisingly, a prominent focus on cryptocurrency. While some political leaders struggle to understand how blockchain works, Trump seems to have realized that the topic is relevant to voters and has tried to use it to his advantage.
Technical Analysis Slang Terms: What They Mean and How to Use Them
1. High What does it mean: "High" is the maximum price for a certain period of time, such as a day, week or month. This term indicates the highest point reached by the price of an asset. How to use: The concept of "high" is important for identifying resistance levels. If the price has reached a certain high several times but has not exceeded it, this level can become a psychologically significant barrier that traders will take into account when opening or closing positions.
The procedure for the inauguration of the new President of the United States
1. Conducting elections The procedure begins with a nationwide vote, which takes place every four years on the first Tuesday of November. On this day, U.S. citizens cast their votes for party representatives. It is important to note that residents of the U.S. are actually voting not directly for a candidate, but for electors who make up the electoral college representing each state.
What Predictions from 'The Matrix' Have Become Reality? Technologies and the Crypto Industry Today
The film 'The Matrix', released in 1999, not only became a cult classic; it introduced philosophical ideas and futuristic views on technology that seemed too fantastic for that time. But nearly 25 years later, we see how many aspects shown in the film have already become part of our everyday lives, especially in technology and the crypto industry. Below are the main ones and how they have materialized into reality.
Gap and its analogues in crypto trading: what a beginner needs to know
A gap, or “price break,” is a term often used in traditional stock and forex trading, as well as crypto trading. A gap occurs when the price of an asset suddenly moves a significant number of points up or down without any trades in between. Gaps are visible on charts as empty spaces between candlesticks. In the 24/7 crypto market, gaps are less common than in stock markets, but they can still occur, especially in futures markets and when moving between different exchanges.
How a beginner can successfully apply the Smart Money strategy in crypto trading
The Smart Money strategy is based on observing the actions of large players — the so-called 'smart money' (institutional investors, large funds, professional traders) — who can significantly influence the market. Unlike the traditional approach, where investors rely on technical or fundamental data, Smart Money seeks to identify and capitalize on the interests of large players, believing that they have access to important information and more accurate forecasts. In this article, we will discuss how a beginner can apply this strategy in crypto trading. Get your notebooks or notes ready and take notes.
How to recognize and where to most often find the "Pennant" candlestick pattern in crypto trading
In crypto trading, the Pennant candlestick pattern is one of the popular trend continuation patterns, signaling a short-term slowdown before a likely move in the previous direction. This pattern is widely used by traders, as it helps to more accurately determine the moments for entering and exiting positions. When used correctly, the pattern can become a tool for increasing profits and minimizing risks.
CoinDesk 20: How it can be useful for beginner crypto traders?
CoinDesk 20 is a tool that represents a list of the 20 most traded and analyzed crypto assets in the market. This regularly updated and analyzed list can be an important assistant for those taking their first steps in crypto trading. In this article, we will discuss how CoinDesk 20 can be useful for beginner traders and what data and analytical capabilities it offers for making informed decisions.
What crypto assets are U.S. state pension funds investing in?
State pension funds in the U.S. are increasingly paying attention to crypto assets, despite their volatility and regulatory challenges. For them, cryptocurrencies are becoming a new tool for diversification and yield enhancement. In the context of inflation and low-interest rates, crypto investments can serve as an alternative to traditional assets. Let's consider which cryptocurrencies have captured the attention of state pension funds in the U.S. and what strategies they are using.
Is it worth paying attention to the greed index in crypto trading?
The fear and greed index, created to analyze market sentiments, is a popular tool that helps crypto traders assess current emotions and possible market trends. This index is measured from 0 to 100, where '0' indicates extreme fear and '100' indicates maximum greed among market participants. Let's explore whether this indicator is worth paying attention to and how it can assist in making investment decisions.
Which altcoins can be classified as fundamental? Preparing for the altseason.
Fundamental altcoins are projects that possess real value and long-term growth prospects, confirmed by unique technologies, a large user base, significant market capitalization, and active support from developers and the community. Let's consider several such altcoins that are frequently mentioned among crypto analysts and recognized as significant assets.
When to expect the altseason and how to recognize it?
Alt season is a period in the cryptocurrency market when altcoins (alternative cryptocurrencies other than Bitcoin) show higher growth compared to Bitcoin. During such periods, their market capitalization and value increase significantly, which attracts both large investors and retail players. Alt season is an important event for traders and investors, as it opens up opportunities for high profits on the growth wave.
Correction in crypto trading: what is it and how to recognize it
What is correction? A correction in the cryptocurrency market is a temporary decrease in the price of an asset within the overall trend. Usually, a correction occurs after a significant growth, when traders take profits, and the price temporarily rolls back a few percent. It allows the market to balance excessive pressure from demand or supply, creating conditions for more stable growth.