đșđž NEW: Bitcoin to Hit $200K by End of 2025, Says Standard Chartered Exec - Regardless of US Election Outcome.
According to the bank executive Geoff Kendrick, three factors are poised to drive the price of Bitcoin to new all-time highs in 2025, including the likely removal of SAB-121, a marginal uptick in inflation, and positive inflows into Bitcoin ETFs.
Bonk Inu Announces ETP Launch In US For Retail and Institutional Investors..
Bonk Inu (BONK), the popular Solana-based dog-themed meme coin, has recently marked a monumental stride within the global crypto landscape. Notably, the meme token announced the launch of a BONK exchange-traded product (ETP) in the U.S, emerging as the first-ever meme coin to achieve this feat. Crypto market enthusiasts speculate whether the ETP launch could fuel a positive impact on the assetâs price ahead.
Bonk Inu Unveils BONK ETP In The U.S. According to the latest Solana Breakpoint, a multi-day event for devs and enthusiasts, the Bonk Inu (BONK) community is launching an ETP in the U.S. âThis marks the first-ever step towards a BONK ETF,â the announcement added. The Solana meme coinâs team is working with Osprey Funds, a New York-based company that helped streamline one of the first Bitcoin ETFs and Solana Trust, to roll out the ETP in the U.S. Notably, the meme tokenâs community also revealed that it is looking forward to launching the ETP by the end of this year.
Meanwhile, the announcement added that the ticker remains the same, BONK. Overall, the plans for an upcoming ETP launch have sparked a tidal wave of optimism for the token globally.
The last four-year cycle, #Bitcoin found support at the 21-week EMA after a halving correction. This time we found support at the 50-week EMA. BTC is about to close again above the 21 EMA. The future looks bright, so be prepared.đšđš
#Bitcoin (BTC) Historical view of BitcoinđŻđŻ What to expect soon đšđš
BTC surpassed levels of 30, 40, 50, 60, and 70 thousand dollars, ultimately reaching an all-time high. This did not happen overnight; it took months, similar to the process initiated by the Fedâs interest rate cuts.
BTC is about to close again above the 21 EMA. The future looks bright, so be prepared.â
MicroStrategy Completes $1.01 Billion To Buy Bitcoin..
MicroStrategy continues to expand its billion-dollar Bitcoin $62,949 reserve through borrowing. Recently, the companyâs private bond issuance surpassed 800 million dollars. It pays investors in long-term interest by issuing bonds, utilizing the cash acquired to purchase Bitcoin and cover operational expenses.
Terraform Labs received court approval for bankruptcy proceedings today.
The Fate of LUNA Coin and Terra Terraform Labs received court approval for bankruptcy proceedings today. The organization reached an agreement with the SEC, signing three key conditions: the establishment of a liquidation trust to orderly settle debts, the SECâs claim fixed at $4.4 billion, and that the SECâs demands will only be addressed after permitted unsecured claims and crypto loss reimbursements are covered. This means the SEC will not receive penalties from this bankrupt company.
Bitcoin could reach a new all-time high in the coming days...
Bitcoin and its price movements post-halving are closely monitored by MiconCrypto and investors, According to Rekt Capitalâs analysis, there may be significant upward potential for Bitcoin in the coming months. However, given the volatile nature of the cryptocurrency markets, it is crucial for investors to remain cautious and closely observe market dynamics.
The time for a significant price movement has arrived....đ„đ„
Bitcoin (BTC) $63,398 may enter a bullish trend in the coming weeks and months. Bitcoin has been in a consolidation phase for the past few months and is on the brink of a parabolic rise.
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Celestia Price Eyes $8 to $10 After Successful Upgrade...
Celestia Price Eyes $10 After Successful Upgrade On September 18, Celestia unveiled its first mainnet enhancement, the Lemongrass upgrade, through an X post. This update introduces a one-click interaction capability through IBC and inter-chain accounts. The upgrade consists of multiple vital improvements.
For example, CIP-6 sets a minimum gas price to curb spam on the network. CIP-9 enhances IBC cross-chain transfers with new middleware for packet handling. CIP-10 introduces a streamlined mechanism for signaling network upgrades.
CIP-14 enables cross-chain account features, strengthening ties with the Cosmos ecosystem. Furthermore, CIP-20 eliminates the outdated Blobstream module, optimizing the networkâs structure and performance.
The cryptocurrency market has experienced a notable uptick in recent trading hours. The surge in market value is evident as Bitcoin trades over the $62,000 mark. Similarly, Ethereum has climbed past $2,400.
This positive shift in cryptocurrency values follows the Federal Reserveâs decision to cut interest rates. Other leading altcoins have also mirrored this upward trend, further emphasizing the marketâs bullish stance.
Will TIA Price Surge To 10 Soon? Over the past 24 hours, the Celestia price has seen significant growth, indicating an ascending trend. The TIA price hovered at $6.22, making a strong surge of 15% during U.S. trading hours. According to CoinMarketCap data, the 24-hour trading volume has seen a remarkable increase of over 71%, reaching $289 million, indicating a heightened interest and activity in the market.
The Moving Average Convergence Divergence (MACD) indicator has turned positive, showing a crossover above the signal line, typically interpreted as bullish. The MACD histogram also supports this view, with green bars indicating increasing upward momentum.
SOL Price Jumps As Solana Seeker Mobile Goes Live With AI Features
SOL Price Shoots Amid Major Announcement The SOL trading 5.97% up at $138.8 with a market cap of $65 billion.the Solana Price has been flirting around $150 levels over the past five months as the meme coin mania on the Layer-1 blockchain fades while shifting to the Tron blockchain network. thereâs been a huge FUD in the market over Solanaâs economic design which has been putting some selling pressure on the SOL cryptocurrency. Some reports also suggested that Solana would be the next Terra LUNA. But Cyber Capital founder and CIO Justin Bons called out this fear-mongering calling these concerns as exaggerated and baseless.
The SOL price is trading at crucial support levels breaking which could lead to a major correction. Popular trader Peter Brandt shared his observation about Solana while warning that if the support level fails, it will trigger the completion of a larger rectangular consolidation pattern, while potentially driving the SOL price down to $80.
Solana Seeker Mobile 2.0 â What It Offers? In the latest announcement earlier today, Solana Mobile announced the launch of the Solana Seeker Mobile 2.0, a next-generation Web3 mobile device. This new handset seamlessly integrates hardware and software while offering a lighter and brighter build with an improved camera and longer battery life at a more accessible price.
The Solana Seeker Mobile comes along with the new Seed Vault Wallet developed in partnership with Solflare Wallet.This mobile-first wallet hosts features like double-tap transactions,secure self-custody, and a smooth user experience.
Solana has also updated its Mobile dApp Store for improved user navigation and mobile tracking.The Seeker mobile device provides exclusive web3 experiences, including DeFi, payments,NFTs, and games. It also comes along with the Seeker Genesis Token, granting VIP access to content and rewards within the Solana ecosystem.The community is looking forward to how the Seeker token would potentially impact the SOL price ahead.
Markets Respond to the Federal Reserveâs Bold Decision to Lower Interest Rates.. đ€đ€đ€đ€đ€đ€
Swift Market Reactions Following the announcement, the Dow Jones and S&P 500 indices exhibited volatility. At the time of writing, the Dow Jones was up approximately 400 points, while the S&P 500 rose by 29 points. The Nasdaq index also saw an increase of 153 points.
Bitcoin $62,121 was not indifferent to these developments, rising from $59,212 to $61,135 in the last 24 hours. It was trading at $60,849 with a 0.6%
Powellâs Assurances Ignite Hope for Cryptocurrencies And Powell's Highlights.. HEREđđđđđ
Fed Chair Powell has begun making significant statements that hold great importance for cryptocurrencies. Interest rates dropped by 50 basis points and aligned with market expectations. However, many analysts did not anticipate such a sharp start from the Fed. This marks the beginning of a loosening period with a reduction above 25 basis points for the third time in decades. But what do these announcements mean for cryptocurrencies? Key Messages from Fed Chair As this article was prepared, Fed Chair Powell commenced his remarks. While the interest rate decision is crucial, his messages regarding the U.S. economy are equally significant. Members have largely revised down their interest expectations for the upcoming year, reflecting a belief in inflation progressing toward the 2% target, which was conveyed during the interest rate announcement.
Powellâs statements are expected to cause fluctuations in cryptocurrencies in the coming hours. Key highlights from his remarks include:
Powell began his speech. The economy remains generally strong. The labor market, previously overheated, has begun to cool. Todayâs decision reflects growing confidence in preserving the strength of the labor market. Consumer spending continues to show resilience. The Fed can maintain the strength of the labor force through policy adjustments. We expect GDP growth to remain strong. The labor market continues to cool, marking a significant decline from earlier this year. The labor market is not the source of high inflationary pressures. Inflation has significantly decreased but remains above our target. Long-term inflation expectations appear well anchored.
The much-anticipated interest rate decision by the Federal Reserve has been revealed, capturing the attention of cryptocurrency investors for weeks. While the rate itself is significant, the messages conveyed by the Fed are even more critical. Itâs time to take action, hold your breath, and delve into the details of this recent development.
Fed Interest Rate Decision Announced The expected decision has arrived. Historical data showcases numerous instances where market prices have dipped following the initiation of rate cuts. If you are curious about how to interpret todayâs events in light of past years.
The interest rate decision announced a 50bp cut.
Fed officialsâ median outlook for the Fed Funds rate by the end of 2024 is 4.4% (previously 5.1%). The median rate outlook for the end of 2025 is 3.4% (previously 4.1%). Fed officials project a 2.9% rate for the end of 2026 (previously 3.1%). Fed: The FOMC has gained further confidence that inflation will progress sustainably towards 2%, assessing risks to employment while balancing inflation targets. The median outlook for the Fed rate by the end of 2027 is 2.9%. Fed: We will carefully assess incoming data, evolving outlooks, and risk balances when considering additional rate adjustments. Fed policymakers predict that the current unemployment rate of 4.2% will rise to 4.4% by the end of 2024 and 2025. Fed policymakers see GDP growth at 2% for 2024, down from 2.1% in June....
LUNC News: Terra Luna Classic Upgrade Goes Live, Binance Announces Support..
Terra Luna Classic successfully completed the v3.1.5 upgrade offering improvements including a critical security fix for wasmd, improved transaction efficiency, and preparedness for Tax2Gas implementation. The worldâs largest crypto exchange Binance expressed support for the Terra Luna Classic security upgrade.
Bitcoinâs Bright Future Sparks Hope in Investors
A Bold Price Target for Bitcoin Bitcoin could soar to approximately $200,000 next year as it reaches the trend line of its logarithmic growth curve.
Halving and New Heights The analyst pointed out that Bitcoin often experiences sharp increases a few months after its block reward halving event. Kaleo expects BTC to consolidate in the coming days before breaking through multiple resistance levels and rising further.
He anticipates that Bitcoin will refresh its all-time highs early next month.
Dollar Index and Market Impacts the U.S. Dollar Index (DXY) has peaked and could decline to around 72 by 2026. He mentioned that his prediction about the DXYâs decline in May 2023 has so far been accurate, stating, âImagine how perfectly this DXY chart, drawn 19 months ago, has performed⊠Just imagine.â
The DXY measures the value of the U.S. dollar against other major fiat currencies. A decline in the DXY is generally seen as a positive sign for risk assets like stocks and cryptocurrencies.
The future movements of Bitcoin and the broader cryptocurrency market continue to captivate investors.bullish predictions create a positive atmosphere in the market, caution is recommended given the high volatility of cryptocurrencies. It is crucial for investors to closely monitor global economic developments and technical analyses.