Here’s the ideal scenario to buy Cardano’s ADA price
Cardano price is seeing choppy price action following Wednesday's bullish influx. Wednesday’s FOMC decision to hike interest rates 75 basis points induced a speculative frenzy prompting intraday traders to hold on to their accumulated long positions. The "buy the rumor, sell the news" event triggered a supply vs. demand blitzkrieg, leading to a 21% bull rally into a daily high of $0.53 in just a few short trading hours.
This token could trigger the next meltdown in Ethereum and crypto
Ethereum price continued its decline in the bloodbath this week. Experts argue Lido Finance’s stETH’s depeg from Ethereum has triggered a crisis and institutions like Celsius and 3AC witnessed massive liquidations.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Two events that will mark the end of the crypto-winter
Bitcoin price, Ethereum and other cryptocurrencies are set to trade sideways-to-lower after the US Central Bank confirmed its more hawkish rate path is going forward in order to bring inflation down. As it has become quite clear these past few weeks that cryptocurrencies are intermingled with the global financial system, there are only two factors now that are key to determining when the crypto-winter is likely to come to an end. The US job report on every first Friday of the month is one of these factors, in particular the expendable household income component, which has been getting smaller over the past few months, pointing to less available cash for investing in cryptocurrencies.
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Bitcoin price rallied and reached a new all-time high of $76,849 following the US Federal Reserve’s 25 basis point rate cut. Ethereum and Ripple followed suit and closed above their key resistance levels, hinting at a possible rally ahead.
Bitcoin, crypto market remain in uptrend following 25 bps Fed rate cut
Fed Chair Jerome Powell stated that the FOMC lowered the Fed funds rate by 25 basis points. The rate cut comes after Bitcoin reached a new all-time high price upon Donald Trump's election victory.
Bitcoin: Further upside likely after hitting new all-time high
Bitcoin (BTC) surged more than 10% this week, hitting a new high of $76,849 on Thursday, buoyed by the crypto-friendly candidate Donald Trump’s victory in the US presidential election.
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