Bitcoin price rallied throughout October 2023, marking another profitable month for BTC holders.
Bitcoin and Ethereum prices are close to key psychological levels, $34,400 and $1,800, ahead of the Federal Reserve’s interest rate decision. Cryptocurrencies in the top 10by market capitalization noted an increase in their prices in the week leading up to the Fed’s decision. Traders foresee a 98.2% probability that the US Federal Reserve will leave interest rates unchanged on Wednesday.
The SEC’s decision could therefore influence BTC price directly, as opposed to unchanged interest rates. Scenario 2: US Fed cuts interest rates Market participants believe that there is a 1.8% probability of an interest rate cut. In the event of a rate cut, risk assets like Bitcoin and altcoins are expected to rally. Typically, a rate cut makes it cheaper to borrow funds and engage in leveraging risk assets like Bitcoin for gains.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataLeader in cryptocurrency, Bitcoin, Ethereum, XRP, blockchain, DeFi, digital finance and Web 3.0 news with analysis, video and live price updates.
Weiterlesen »
XRP, BTC and SOL Funds See More Inflows; Why Is ETH Being Left Behind?Bitcoin, Solana and other digital assets witness significant inflows, yet Ethereum remains in slump
Weiterlesen »
Bitcoin Prices Hold Gains as Analysts Turn More Bullish on EthereumAnalysts say the technical market backdrop for Ether, the second-largest crypto, has turned positive in the wake of Bitcoin's big rally.
Weiterlesen »
Bitcoin Eyes ‘Golden Cross’ Ahead of Fed, Key Economic Data: What Lies Ahead?Market Analysis by Investing.com (Günay Caymaz) covering: BTC/USD, Bitcoin Futures CME, Bitcoin, ETH/USD. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Weiterlesen »
Two children dead, two others injured following child abuse call in LancasterL.A. County Sheriff's deputies responding to a child abuse call found four children suffering cuts in Lancaster on Saturday. Two of the children died.
Weiterlesen »
Ethereum Price Prediction: ETH needs to hold these key levels to revisit $2,000Ethereum (ETH) price is in a good position after last week’s rally. But things are not a given, as bulls need to defend a few key levels before they’r
Weiterlesen »