Crypto market participants were divided into 2 camps. The former believe that the current side trend is a harbinger of a deep correction. This scenario assumes that Bitcoin may decline to $8.5K or lower. What will happen to the altcoins, in this case, this group of investors is afraid to predict at all. The second group places great hopes on delivery futures and institutional money, which are about to start entering the market.
The news background, trade war, devaluation of national currencies, soft monetary policy and populism have become some kind of “backing” for cryptocurrencies. In addition, Bakkt has already started to accept deposits, announcing that it has insured user deposits of $125 million. Trading will begin on September 23, which could be a landmark day for Bitcoin and the entire cryptocurrency market. On Tuesday morning, Bitcoin trades around $10,300, showing almost unchanged dynamics over the day. TOP-10 altcoins show growth by 2-5% which confirms the forecasts for the possible revival of alternative coins.
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies
