👀Crypto Market Review.
🚶♀️The crypto market is waiting for the US Consumer Price Index (CPI) data, which will be published on October 10. The data is crucial for understanding inflationary pressure in the economy.
📊Indicators:
😨Fear and Greed Index — 50
💲Alt Season Index — 31
📈Long/Short Ratio — 49/51
💰Crypto Market Capitalization — $2.11 trillion
👑Bitcoin Dominance — 58.11%
😏The situation in the Middle East is no longer so frightening for crypto. JPMorgan analysts even predict a change in trend and an increase in demand for BTC in the context of geopolitical tension, which is actually logical.
💵BlackRock CIO predicts a 25 bps Fed rate cut after US employment data.
💵 Tether is working on a new technology solution that will allow firms to comply with EU market regulations.
❗️Liquidations decreased over the weekend, BTC hovered within $61k-$62k, with the potential to continue short-term growth from next week. There are no important changes on the chart, we need to wait for the ope...
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👀Crypto Market Review
🤑The weekend is pleasing with green charts. A strong US employment report hints at a possible slowdown in the rate of interest rate cuts, which is naturally a “bullish” factor for BTC.
📊Indicators:
😨Fear and Greed Index — 49
💲Altseason Index — 37
📈Long/Short Ratio — 49/51
💰Crypto Market Capitalization — $2.119 trillion.
👑Bitcoin Dominance — 58.12%
💵Yesterday, the net inflow of BTC-ETF was +$25.5 million. The inflow into ETH-ETF was +$7.39 million.
🚨Coinbase plans to liquidate unregulated stablecoins in the EU. By December 30, stablecoins that do not meet MiCA requirements will be restricted. USDT from Tether may also be subject to a complete ban.
📈AI tokens are currently leading the recovery of crypto amid a strong US economy.
🏠SEC and the US Department of Justice supported a class action lawsuit against Nvidia. 🎮
Investors accuse Nvidia of concealing information about the sale of $1 billion in GPUs to miners.
💵The US national debt has increased by $345 billio...
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🪙Do you think there is a chance for BTC to go to $90k?🤨
🚀In October 2023, BTC similarly started with a -7% dump in a week, and then went sky high!
📊At the moment, BTC is repeating the 2023 chart with a -6.5% drop and perhaps, having fallen even lower, the long-awaited rebound is coming?😬
However, these are just wet dreams, because all the fattest whales are waiting for the US presidential elections and after them, we can talk about growth. But there is no harm in dreaming.🍺
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