According to Odaily, Bitcoin (BTC) experienced a strong rebound over the weekend after recently falling below the $91,100 mark. It has now slightly retreated to around $96,500. Veteran trader Peter Brandt has reiterated his bullish outlook on BTC, suggesting that it may continue to rise in the future. Other on-chain indicators also suggest a positive momentum for BTC.
#ReboundRally According to Odaily, Bitcoin (BTC) experienced a strong rebound over the weekend after recently falling below the $91,100 mark. It has now slightly retreated to around $96,500. Veteran trader Peter Brandt has reiterated his bullish outlook on BTC, suggesting that it may continue to rise in the future. Other on-chain indicators also suggest a positive momentum for BTC.
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A market rebound is when prices, shares, or other assets increase in value after a period of decline. For example, a business might rebound after a year of losses by reporting strong results or launching a successful product line.
Here are some synonyms for rebound:
Bounce, Bound, Recoil, Resile, Reverberate, Ricochet, Spring, and Rally
Crypto markets are in turmoil, with steep declines in major assets like Bitcoin and Ethereum since Dec. 18, 2024. The downturn began immediately after the Federal Reserve’s FOMC meeting, where policymakers issued a cautious statement about monetary policy and Jerome Powell, the Fed Chair, provided remarks that spooked markets. Jamie Coutts, the Chief Crypto at Real Vision, explains how tightening liquidity and macroeconomic factors are driving the sell-off.
The Federal Reserve’s decision to lower the federal funds rate by 0.25 percentage points on Dec. 18 initially seemed like a dovish move. However, the accompanying statements painted a different picture. Powell emphasized that while inflation has eased significantly, it remains above the Fed’s 2% target. He explained that the Fed’s policy rate—now at 4.25%-4.5%—remains “meaningfully restrictive” and that future rate cuts would slow unless there was “further progress on inflation.”
Powell’s comments about the economy’s strength, combined with projections of only two additional cuts in 2025, signaled that the Fed intends to maintain tighter liquidity conditions longer than markets had hoped. This tone sharply contrasted with expectations of a more aggressive easing cycle, catching investors off guard and leading to immediate selling pressure across risk assets, including cryptocurrencies.
The holiday season always brings great offers and gifts, and the Binance Christmas sale is no exception. During this sale, you will have a chance to get some awesome offers and save BIG. The selection of promo offers is notably wide, so you are sure to find something for yourself. The following are some of the Binance Christmas deals you might find below:
Investors In Binance Coin Can Expect Bullish Long-Term And Short-Term Price Action. Binance Coin is positioning itself for a major breakout as the crypto market surges, with BNB trading at $712 following a steady climb past the $700 psychological mark.
The Binance Mining Pool is a feature that allows you to participate in cryptocurrency mining, but without the need for specialized hardware. Instead, you contribute your cryptocurrencies to a “pool” or group, and Binance uses those contributions to mine. The rewards are then shared among all members of the pool.
it works
1. Join the Pool:
- Registration: First, you need to have an account on Binance. If you don't have one yet, register on the platform.
- Pool Access: On the Binance website, look for the “Binance Pool” section. Here you will see different cryptocurrency options to mine.