Currencies35106
Market Cap$ 4.14T+0.66%
24h Spot Volume$ 74.12B+2.68%
DominanceBTC54.59%+0.41%ETH12.13%-1.23%
ETH Gas0.14 Gwei
Cryptorank

2 Worrying Signs for Bitcoin (BTC) Despite the Expected Rate Cuts


by Dimitar Dzhondzhorov
for CryptoPotato
2 Worrying Signs for Bitcoin (BTC) Despite the Expected Rate Cuts

TL;DR

  • Experts warn of a possible “sell-the-news” drop after the Fed’s projected rate cut, with scenarios pointing to a dip below $100K.
  • At the same time, BTC exchange reserves hit an eight-year low, and the asset’s MVRV ratio stays in a healthy range, suggesting limited immediate selling pressure and more room for growth before hitting cycle tops.

Bulls, Hold the Champagne

September 17 is a long-awaited and important date for the crypto community because later today, the Federal Reserve will most likely lower the interest rates in the United States. Numerous analysts and market observers have previously described the event as a major catalyst for the entire digital asset market.

Read the article at CryptoPotato

Read More

Bitcoin At $3.4 Million? Arthur Hayes Thinks It’s Coming

Bitcoin At $3.4 Million? Arthur Hayes Thinks It’s Coming

According to Former BitMEX CEO and Maelstrom Fund manager Arthur Hayes, Bitcoin could...
Bitcoin price rangebound under $114k, FLR, IMX lead altcoin gains

Bitcoin price rangebound under $114k, FLR, IMX lead altcoin gains

BTC price faced resistance at $113K while altcoins like Flare and Immutable led daily...

2 Worrying Signs for Bitcoin (BTC) Despite the Expected Rate Cuts


by Dimitar Dzhondzhorov
for CryptoPotato
2 Worrying Signs for Bitcoin (BTC) Despite the Expected Rate Cuts

TL;DR

  • Experts warn of a possible “sell-the-news” drop after the Fed’s projected rate cut, with scenarios pointing to a dip below $100K.
  • At the same time, BTC exchange reserves hit an eight-year low, and the asset’s MVRV ratio stays in a healthy range, suggesting limited immediate selling pressure and more room for growth before hitting cycle tops.

Bulls, Hold the Champagne

September 17 is a long-awaited and important date for the crypto community because later today, the Federal Reserve will most likely lower the interest rates in the United States. Numerous analysts and market observers have previously described the event as a major catalyst for the entire digital asset market.

Read the article at CryptoPotato

Read More

Bitcoin At $3.4 Million? Arthur Hayes Thinks It’s Coming

Bitcoin At $3.4 Million? Arthur Hayes Thinks It’s Coming

According to Former BitMEX CEO and Maelstrom Fund manager Arthur Hayes, Bitcoin could...
Bitcoin price rangebound under $114k, FLR, IMX lead altcoin gains

Bitcoin price rangebound under $114k, FLR, IMX lead altcoin gains

BTC price faced resistance at $113K while altcoins like Flare and Immutable led daily...