One of the fastest ways to learn crypto trading is becoming knowledgeable about the powerful and popular Japanese candlestick patterns as they indicate if the trend is about to reverse or continue further. [Read More...]
LUNAtic Crypto
FEEDI’ve never witnessed anything like this. Here is “stable” coin LUNA: …..which is trashing the entire crypto market and causing BTC to break its last major support: If only someone had said something………… [Read More...]
Bitcoin Price Crashes Below $30K As Markets Show Signs Of Paranoia
Bitcoin has lost almost 10% of its value during the past 24 hours, falling below $30,000 for the first time since July 2021. And one analyst worries that the largest cryptocurrency might fall even worse. BTC’s Tuesday decline is more than 55 percent lower than its November 2017 all-time high of $69,000. Year-to-date, Bitcoin prices have decreased by 34%. Year-to-date, Bitcoin prices have decreased by 34%. The world’s most sought-after crypto asset plunged to $29,870.30 around 8 p.m. EST, TradingView data shows. Suggested Reading | Shiba Inu: Biggest Dollar Holding Among Wealthiest Ethereum Whales Bitcoin Drop Correlated To Stocks Traditional financial markets and cryptocurrencies both saw a sell-off as a result of the Federal Reserve’s aggressive monetary tightening and recession fears. The … [Read More...]
Fed Reaction: Fed confident in soft landing, not considering 75bps, stocks rally, Musk’s ape tweet
Fed hikes by a half-point A historic Fed decision is in the books and Fed Chair Powell did not disappoint. The Fed delivered the first-rate hike in 22 years and signaled more rate increases are appropriate and that the balance sheet runoff will begin in June. Growth is cooling and that could get a lot worse as the Ukraine invasion will continue to drive upward pressure on prices. Wall Street still believes the Fed will be able to deliver a soft landing and that is good news for equities. The key takeaway from the Fed is that they are not ready to consider larger rate hikes. Risky assets got a boost after Fed Chair Powell said, ““So a 75 basis point increase is not something that the … [Read More...]