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Darla Obstfeld
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Darla Obstfeld
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#Bitcoin has never printed two red yearly candles in a row. After every red year, the next one eventually turned green, even after the worst crashes and bear markets. No straight line up, volatility comes first. But history says Bitcoin doesn’t stay down forever.
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➡️Japan’s central bank has raised interest rates to the highest level in 30 years ➡️The reason is rising living costs that are hurting people and the economy ➡️The decision was expected by the market, so it wasn’t a surprise ➡️The Bank of Japan increased rates by 0.25% ➡️The main interest rate is now around 0.75%
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Bitcoin is trading near $87,000 and still looks weak. Yesterday’s sudden pump was quickly dumped, showing sellers are in control. Price has broken its uptrend, and many traders are expecting a drop below $85,000. With long-term holders selling and global risks high, volatility is likely to continue.
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$ETH whales are creating a strong support area. They have been buying consistently, pushing their average buy price from around $1.56k in June to almost $3k now. This matters because big players usually defend the price where they bought in. As long as whales keep accumulating, it will be difficult for ETH to drop below this level.
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At the FOMC the Fed seemed more hawkish on rate cuts moving forward. The market seems to agree, there’s currently just a 24% chance of a rate cut in January… Should we be worried?
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Latest News
EU Council and ECB Align on Digital Euro Design
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Bitcoin(BTC) Drops Below 88,000 USDT with a 0.59% Decrease in 24 Hours
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BNB Drops Below 860 USDT with a Narrowed 0.70% Increase in 24 Hours
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Ethereum(ETH) Drops Below 3,000 USDT with a Narrowed 0.17% Increase in 24 Hours
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Bitcoin(BTC) Drops Below 89,000 USDT with a Narrowed 0.52% Increase in 24 Hours
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