FED To Put Off Interest Rate Hikes, Bitcoin Rallies: Here’s Why

Bitcoin is shaking off sellers of January 30, price action on late February 1 shows. The FED Raises Interest Rates The spark in BTC demand is because of Federal Reserve (FED) Chair Jerome Powell’s comments on the general economy and the central bank’s monetary policy stance going forward.

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Cardano (ADA) Lifts Off by 7.7%, What Are Top Milestones to Watch?

Cardano is changing hands at $0.3774 atop 7.7% growth rate

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Bitcoin's Upswing Is Reminiscent of 2019 Bull Revival

The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January and the Fed plans slower rate increases in coming months.

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Shiba Inu (SHIB) Burn Rate Jumps 1,395% with Over Half Billion Burned, Here's What Happened

2023 gets off to good start with surge in SHIB token burned

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Shiba Inu (SHIB) Burn Rate Kicks off 2023 with Almost Half Billion Tokens Burned in 3 Days

Amount of burned tokens on rise, but at the same time, it might not be enough

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SHIB Burn Rate Jumps as Community Removes Another Massive Lump of Shiba Inu

SHIB army has started off 2023 by burning large chunks of Shiba Inu

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Markets Climb As Inflation Keeps Cooling Off

The year-to-year inflation rate came in at 7.1% today, strengthening the markets belief that inflation may indeed have peaked and that the Federal Reserve might soften its aggressive monetary policy....

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Crypto, stocks brace for Thursday’s CPI announcement

Investors expect the Fed’s aggressive program of rate hikes to level off once inflation shows signs of being reigned in. The post Crypto, stocks brace for Thursday’s CPI announcement appeared first on CryptoSlate.

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BNB traders may experience discomfort as bulls seem to be falling off the wagon

BNB was on fire over the last few days as its high burn rate attracted the crypto community. During the last seven days, BNB tokens worth $574,800,583.92 were burnt. To date, over 42 million tokens haThe post BNB traders may experience discomfort as bulls seem to be falling off the wagon appeared first on AMBCrypto.

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Strong Labor Data Suppresses Bitcoin And Polkadot Price Action While Oryen Network Capital Influx Remains Unaffected

The Labor Data The statistics for US jobs were posted, which is a mixed bag. In July of this year, half a million positions were created, signaling that growth is still strong. September jobs growth cooled off, but the unemployment rate dropped, causing the Federal Reserve (FED) to likely raise interest rates by 0.

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Bitcoin Could Plummet 30% Before Upward Trends Starts, Analyst

The crypto market has recorded massive losses since May 2022. After the Federal Reserve announced and kicked off interest rate hikes, prices tanked due to selling pressure. Many crypto investors and operators of diverse solutions have faced different crises from market moves.

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Crypto Market Forecast: Midweek Update 15th September

Crypto markets slide as investors move 'risk off' as more Fed interest rate hikes look increasingly likely, Ethereum Merge proceeds, and Ethereum Classic bucks the downward price trend as ETH miners turn their rigs towards ETC.

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Market Wrap: Bitcoin Notches Biggest Gain in 6 Months as Price Soars

Traders appear to be shrugging off interest rate fears as they wait for next week’s CPI release. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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ECB Exits Negative Interest Rate Policy With 50 Basis Point Hike; Bitcoin Steady

The ECB's first rate hike comes four months after the Fed kicked off its tightening cycle, sending risk assets lower.

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Crypto Market Consolidates Off Biggest Rate Hike in 28 Years

Defying bearish expectations, the crypto market appears to have stabilized around the Federal Reserves commitment to aggressive rate hikes. Crypto Breaks Downtrend The crypto market appears to have stabilizedfor now....

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Bitcoin Continues To Flow Out Of Exchanges

Bitcoin is quickly leaving exchanges at a rate not seen in years, with almost 80,000 bitcoin being moved off platforms over the last 30 days.

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Market Wrap: Bitcoin Pulls Back After Fed Chair's Comments; Volatility Oversold

Bitcoin (BTC) traded roughly flat on Monday, although the Fed's plan for aggressive rate hikes caused a slight pullback intraday. Volatility sold off in BTC and ETH, but could pick up into next month.

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Additions to the crypto wallet – Litecoin (LTC), Decentraland (MANA), and FIREPIN Token (FRPN)

The cryptocurrency industry continues to grow at a rapid rate and has infiltrated most facets of society including sports, TV and film, music, and art. With most cryptos, especially the most influential ones, several levels below their all-time high following $1 trillion being wiped off the global crypto market value in January of this year, […]

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Bitcoin casts off dip, climbs past $45K as Fed signals rate hike coming in March

Bitcoin price action passes $45,000 once more as markets keep traders on their toes.

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Metaverse ETFs are taking off Worldwide

Metaverse Exchange Traded Funds (ETFs) are growing at an impressive rate in 2022, with certain countries driving the global growth of Metaverse ETFs. From Korea with Love Metaverse ETFs have been growing insanely over the past few months, and we can track movements in a plethora of countries worldwide.

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Another Bitcoin Blow As 2nd Largest Crypto Mining Nation, Kazakhstan Cuts Off Mining Energy Supply Till February

Kazakhstan officially shuts down energy for Bitcoin miners till February. The oil-rich nation is struggling to keep up with energy demands as BTC hash rate drops. Kazakhstan may stall bitcoins’ slow recovery with its shut down on mining activities.

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3 wildest theories explaining $500B crypto market crash

Crypto proponents point their finger to the Fed interest rate hike, Wall Street and Russia as the prominent reasons behind the $500 billion crypto market wipe off.

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Bitcoin Accumulation Patterns Shows Rally Might Only Be In Its Early Stages

Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate.

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Why Squares’ $29 Billion Afterpay Acquisition Deal is the Biggest Thing for Bitcoin Right Now

Square is relentless in its efforts to increase the adoption rate of Bitcoin and it already seems to be paying off for both the payment giant and the Bitcoin market. Square is beginning to earn the title of one of the most valuable companies in the Bitcoin market and it seems the company is not […]

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China Surprises with Rate Cut, “Are Banks Under Stress?”

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China turns off its miners - does price follow hash rate or hash rate follow price?

Multiple Bitcoin miners in China's Sichuan province were shut down over the weekend and Bitcoin's hash rate is down almost 30% since May. Will the price fall further as a result - and what is the correlation between hash rate and price?

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Filecoin (FIL) Sells Off After Delivering Grayscale-Driven Bumper Rally

Filecoin dropped ahead of hitting its previous record high, near $273. 57, prompted by profit-taking among traders. FIL Market Outlook The FIL/USD exchange rate slipped closed Thursday down 2. 82 percent despite logging its second-best historic level of $239.

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Bitcoin Weekly Outlook: Crucial Support Promises $60,000-Breakout

Bitcoin shrugged off a significant week prior as the Federal Reserve, Bank of England, and Bank of Japan declared their interest rate decisions and monetary policy guidance.

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U.S. Government Is Auctioning Off 0.7501 Bitcoin

The US government is auctioning off 0. 7501 BTC, currently worth about $40,500 at the rate of 54,000 per Bitcoin. Currently, the highest bid on it is $25,000. The U. S. General Services Administration typically auctions the surplus federal equipment to the general public.

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Bitcoin Cash's low hash rate is alarming; how will its price react?

Bitcoin Cash is currently enjoying a bullish period in the market. Over the past 24-hours, the asset breached above $700 for the first time since August 2018. The asset had recently dropped off the toThe post Bitcoin Cash's low hash rate is alarming; how will its price react? appeared first on AMBCrypto.

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Bitcoin Dominance Rate Attempts to Bounce Off Support

Due to the decreasing Bitcoin dominance, the Altcoin Perpetual Index (ALTPERP) is expected to break out above the current $1,700 resistance area.   Bitcoin Dominance Long-Term Rejection BTCD has been moving downwards since being rejected by the 71.

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SushiSwap Analysis: Rising Wedge on 4H Keeps SUSHI Bulls Uncertain

SushiSwap’s native token SUSHI lost its higher bids entering the new weekly session Monday as its price fell 4. 47 percent. As of 1236 GMT, the SUSHI/USD exchange rate was $2. 2813, having bounced off its intraday low of $2.

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Authorities shut off electricity to Bitcoin miners in China’s Yunnan province

Local media reports indicate electricity producers in Yunnan, China’s fourth-largest province by Bitcoin hash rate, have been ordered not to provide power to crypto mines.

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A $13,500 Bitcoin Looks Inevitable as Price Fixes “Overbought” Worries

A combination of supportive fundamental and technical catalysts are pointing towards an extended Bitcoin bull run. The BTC/USD exchange rate kicked off the new week in positive territory on signs of institutional adoption, lower sell-off sentiment, and the global market uncertainty over the second coronavirus fiscal aid and the November 3 presidential election. The pair […]

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Top Ethereum whales are HODLing at an “impressive rate,” data finds

Top Ethereum whales are increasingly moving their funds off exchanges, on-chain data show. The post Top Ethereum whales are HODLing at an “impressive rate,” data finds appeared first on CryptoSlate.

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This Indicator With an 80% Strike Rate Just Flashed a Bullish Sign for Bitcoin

Bitcoin and the aggregated crypto market have been struggling to gain any significant momentum BTC has pushed off of its recent lows, however, it remains in a somewhat precarious position as its price continues trading sideways Where it trends next will likely depend largely on the stock market, which has had intense influence over its price action Still, its independent strength remains, as most on-chain indicators are flashing bullish signs One analyst is now noting […]

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Traders Counting on BTC Sky-Rocketing by End of Year, Today Bitcoin Price Is Below $11,000

Coinspeaker Traders Counting on BTC Sky-Rocketing by End of Year, Today Bitcoin Price Is Below $11,000Today, on September 17th, the BTC rate pushed off an important resistance level – $11,000.

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Is the Bitcoin Dominance Rate About to Fall Off?

The Bitcoin dominance rate (BTCD) has broken down from a long-term ascending support line and faces considerable overhead resistance. While a short-term relief rally could occur, BTCD is expected to eventually continue its longer-term descent.

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Bitcoin Halving Effect: Miner Revenue Tanks 60% But Fees Compensating with 168% Spike

Bitcoin halving is past us and during this time there have been some changes in the network. As expected, the hash rate of the network crashed 40% from the all-time high put on the halving day as smaller and less profitable miners turned off their machines after being unprofitable. A decline in hash rate means […]

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BTC Miners Shrug Off Difficulty Drop But RSI Has Never Been this Weak Before the Halving

Since its sell-off in March, the price of bitcoin has been making a recovery. This positive movement has the miners’ profitability turning positive after being negative following the price crash. As such, the hash rate of the network has increased by 18% since hitting bottom in late March.

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Bitcoin (BTC) Miners 'Comfortably' Shrug Off Huge Difficulty Drop: Analysts

Bitcoin (BTC) network hash rate and difficulty are on their way to recovering from its historical March 2020 drop. Has miner capitulation been postponed?

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Хэш-рейт по Bitcoin сократился на рекордные 45%. У майнеров Bitcoin появился уникальный шанс

Хэш-рейт по Bitcoin по сравнению с пиковым значением текущего года упал на 45%, то есть снизился с 136,2 квинтиллиона хэшей в секунду, которые были 1 марта, до 75,7 экзахэш в секунду 26 марта. #bitcoin hash rate is down a whopping 45%!!!! Seems that a lot of miners have turned off their machines at these prices. In…

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Prelude to Bull Run: Bitcoin Hash Ribbons Signal Miner Capitulation Only Just Started

Hash rate is plummeting faster than Bitcoin’s price, suggesting that miners are starting to turn off their machines and await higher prices to return. An indicator called Hash Ribbons is signaling that miners are only just beginning to capitulate.

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Bitcoin Miners Are Shutting Off their Rigs as Hash Rate Drops 28% from ATH

The price of Bitcoin is keeping stable at around $5,000, currently trading at $5,325 with 24 hours gains of 5.79%. In the past 24 hours, $1.75 billion worth of bitcoin exchanged hands. The trading volume of the digital currency reached near record highs amidst the deep sell-off last week. On March 12th, bitcoin trading volume […]

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Data Suggests Ether Lenders Have Forgiven bZx

Just four days after the first bZx attack, Ether lenders could have earned up to 42% handing off their ETH. Now, it looks like this interest rate has lowered, indicating...The post Data Suggests Ether Lenders Have Forgiven bZx appeared first on Crypto Briefing.

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Bitcoin Sells Off Like Stock Market Even After The Fed Cuts Rates by 50bp; Trump Wants More

Today, in a surprise move, the US Federal Reserve cut its benchmark interest rate by a half-percentage point to help mitigate the impact of the coronavirus on the market and economy. The officials were in unanimous agreement for an emergency cut to a range of 1% to 1.

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BTC Ready to Take Off? These Bullish Fundamentals Are Driving Bitcoin’s Price Higher

Bitcoin’s hash rate has seen a very significant increase recently although the digital asset crashed down to $8,409 from the high of $10,500 just a few weeks ago. The increase of Bitcoin’s hash rate basically means that miners are dedicating more power and resources to mining Bitcoin, this basically implies that miners believe in the […]

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Bitcoin Miners Set Record Hash Rate Despite Price Recently Experiencing Largest Weekly Drop In Over Two Months

Bitcoin’s hash rate recently reached a new all-time high as the miners clearly shrugged off the market-wide bloodbath seen last week. Yesterday, the global network hit a new record of 136 exahashes per second.

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Can DATA (DTA) Pull Off Another 600% Moonshot?

On Jan 29, the DATA price reached a low of 145 satoshis and has been increasing since. The rate of increase accelerated considerably on Feb 13. DATA Highlights DATA has previously increased by 600% in a single day.

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