PCE (another inflation measure) is starting to fall, setting the stage for the Fed to ease monetary policy. If this is the case, it would be good news for risk assets such as Bitcoin and Ethereum, according to Scott Galis.
JinseFinanceIn a month that is generally seen as bearish for Bitcoin, Bitcoin has reclaimed the $60,000 price level for the first time in 14 days.
JinseFinanceAs Harris wins more support in the polls, sentiment in the cryptocurrency market appears to be taking a negative turn, mainly because some investors and cryptocurrency community members believe that a Harris administration could be bad for cryptocurrencies.
JinseFinanceShort-term holder wallets that suffered losses could liquidate nearly $65,000 in assets, limiting any new gains in Bitcoin prices.
JinseFinanceAnalyst predicts potential surge in MATIC price contingent upon resistance breakthrough, amidst caution over potential profit-taking triggering corrections.
Cheng YuanAnalysts predict Bitcoin to surge to $88,000, although the current price is slightly lower, the market remains optimistic. Additionally, Ethereum shows strong performance, but analysts maintain a cautiously optimistic stance regarding the approval of the Ethereum spot ETF.
SanyaBloFin’s Griffin Ardern said that options traders may purchase ETH in the spot/futures market to hedge short positions in call options, thus adding to the bullish momentum.
JinseFinanceBen Armstrong urges XRP holders to stay put, anticipating a significant value increase in the near future.
Xu LinAnalyst Seyffart's cautionary stance underscores the potential challenges of achieving a $100 billion inflow into Bitcoin, emphasizing the need for measured expectations in comparison to established markets like gold.
Sanya