📈👀 #BTC approached the $77K mark following a second consecutive FOMC meeting that led to a rate cut. Markets continue to rally, with discussions now focusing on the potential for BTC to reach six-figure valuations.
@CryptoWorldNews
📊👀 #BTC IntoTheBlock: The number of short-term Bitcoin holders is increasing rapidly.
This pattern is often seen in bull markets, as new participants join in response to rising prices.
@CryptoWorldNews
✅ #SKY #MKR Nearly 80% of the vote was in favor of keeping the "Sky" brand intact.
@CryptoWorldNews
🗽👀 Detroit will begin accepting cryptocurrency to pay taxes and fees next year. theblock
@CryptoWorldNews
🇺🇸🗣 Key Takeaways from Jerome Powell’s FOMC Meeting:
▫️ US Economic Strength: Powell emphasized the economy's resilience as the basis for current Fed actions.
▫️ Inflation Decline: Inflation has eased but is not yet at the 2% target; the Fed remains confident it will continue to decrease.
▫️ Stable Labor Market: The labor market, typically inflationary, is not currently adding inflationary pressure, with high employment levels not driving price increases.
▫️ Core Inflation Still High: Core inflation (excluding energy and food) remains elevated, necessitating the Fed’s restrictive monetary stance.
▫️ Election Impact: Upcoming elections will not affect the Fed’s short-term policy, which is focused on economic data over politics.
▫️ Uncertain Long-Term Forecasts: Powell stressed the uncertainty in long-term projections, with potential changes due to external factors.
@CryptoWorldNews
📈🤔 #ETH IntoTheBlock: High fees on Ethereum previously held back derivatives' growth, but with the popularity of Layer-2s, costs have dropped significantly.
This shift has fueled a surge in derivatives protocols, driving impressive growth in the space since the start of the year.
@CryptoWorldNews
🔎📊 Top altcoins with the highest correlation with #BTC over the last 30 days
When we analyze the 10 sub-coins in the correlation matrix, we see that #DOGE has a very high positive correlation with Bitcoin at 0.92. As Bitcoin rises, so does DOGE.
@CryptoWorldNews
🔎📊 Top altcoins with the highest correlation with #BTC over the last 30 days
When we analyze the 10 sub-coins in the correlation matrix, we see that #DOGE has a very high positive correlation with Bitcoin at 0.92. As Bitcoin rises, so does DOGE.
@CryptoWorldNews
🇺🇸👀 #macro Fed:
- Inflation is approaching the target of 2%;
- Labor market conditions have improved;
- Economic activity continues to grow at a strong pace, but prospects have not yet been determined.
@CryptoWorldNews
🤖👀 #AI #ASI ASI Alliance introduced "ASI: Create" is an AI launch pad that aims to make it easier to fund, create, deploy and monetize AI agents.
@CryptoWorldNews
🔝 Top assets in the accumulation zone #SAFE #AIOZ #NOS
Accumulation phase is signalled the assets's performance and key metrics in this phase, trading volumes are significantly higher than usual
@CryptoWorldNews
🇺🇸🍿The Federal Reserve's rate meeting (FOMC) is coming up in less than half an hour.
@CryptoWorldNews
📈🥳 #SUI is the fastest growing high-performance blockchain, surpassing #SOL in DEX volume, increasing its lead to $7.5 billion, and has more DEX volume than #TON, #NEAR and #APT combined.
@CryptoWorldNews
💰🚀 #POND Crypto-AI startup Pond has raised $7.5 million in seed funding. theblock
@CryptoWorldNews
🔥 JUST IN : VANECK ~ “We have a model that assumes that by 2050 #Bitcoin💰 becomes a reserve asset that is held by central banks at a 2% weight.
In that model we arrive at a $3M price target for Bitcoin.” 🤯
@CryptoWorldNews
📊👀 #BTC IntoTheBlock: The number of short-term Bitcoin holders is increasing rapidly.
This pattern is often seen in bull markets, as new participants join in response to rising prices.
@CryptoWorldNews
✅ #SKY #MKR Nearly 80% of the vote was in favor of keeping the "Sky" brand intact.
@CryptoWorldNews
🗽👀 Detroit will begin accepting cryptocurrency to pay taxes and fees next year. theblock
@CryptoWorldNews
🇺🇸🗣 Key Takeaways from Jerome Powell’s FOMC Meeting:
▫️ US Economic Strength: Powell emphasized the economy's resilience as the basis for current Fed actions.
▫️ Inflation Decline: Inflation has eased but is not yet at the 2% target; the Fed remains confident it will continue to decrease.
▫️ Stable Labor Market: The labor market, typically inflationary, is not currently adding inflationary pressure, with high employment levels not driving price increases.
▫️ Core Inflation Still High: Core inflation (excluding energy and food) remains elevated, necessitating the Fed’s restrictive monetary stance.
▫️ Election Impact: Upcoming elections will not affect the Fed’s short-term policy, which is focused on economic data over politics.
▫️ Uncertain Long-Term Forecasts: Powell stressed the uncertainty in long-term projections, with potential changes due to external factors.
@CryptoWorldNews
📈🤔 #ETH IntoTheBlock: High fees on Ethereum previously held back derivatives' growth, but with the popularity of Layer-2s, costs have dropped significantly.
This shift has fueled a surge in derivatives protocols, driving impressive growth in the space since the start of the year.
@CryptoWorldNews
🇺🇸👀 #macro Fed:
- Inflation is approaching the target of 2%;
- Labor market conditions have improved;
- Economic activity continues to grow at a strong pace, but prospects have not yet been determined.
@CryptoWorldNews
🔥👀 #AI #ASI ASI Alliance introduced "ASI: Create" is an AI launch pad that aims to make it easier to fund, create, deploy and monetize AI agents.
@CryptoWorldNews
🔝 Top assets in the accumulation zone #SAFE #AIOZ #NOS
Accumulation phase is signalled the assets's performance and key metrics in this phase, trading volumes are significantly higher than usual
@CryptoWorldNews
🇺🇸🍿The Federal Reserve's rate meeting (FOMC) is coming up in less than half an hour.
@CryptoWorldNews
📈🥳 #SUI is the fastest growing high-performance blockchain, surpassing #SOL in DEX volume, increasing its lead to $7.5 billion, and has more DEX volume than #TON, #NEAR and #APT combined.
@CryptoWorldNews
🇺🇸🤨 Donald Trump is likely to allow Fed chair Jerome Powell to serve out the remainder of his term, which expires in May 2026, adviser says. cnn #macro
@CryptoWorldNews