Countdown To Fed: Rate Decision Could Trigger Bitcoin Breakout
The US Federal Reserve prepares to announce its latest decision on interest rates. This highly anticipated event has the potential to act as a powerful catalyst for the Bitcoin market, with many analysts and investors speculating that a rate cut could trigger a significant breakout. How A Rate Cut Could Unleash The Next Bitcoin Bull Run The global financial community is entering a crucial week. According to a post on X by crypto commentator Thomas Lauder, in 7 days, the US Federal Reserve will decide whether to cut dollar interest rates, a move that could have far-reaching effects on both....
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Breakout Gaming is holding its fundraising crowdsale for gaming token Breakout Coin (BRO). The coin is for players to use in Breakout's 88 online gaming casino - only for legal markets. Breakout is both KYC and AML compliant. The BRO coin uses two algorithms, Proof of Work (PoW) & Proof of Bergstake. Bergstake is like Proof of Stake - but not... Sort of. More on that later. Breakout has the backing of poker all-stars Johnny Chan, Huck Seed, Jennifer Harman, Ted Forrest, Todd Brunson and Vladimir Shchemelev. That's over 38 World Series of Poker bracelets in case anyone was keeping score.....
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023.
Faster Block Intervals Suggest Bitcoin Halving Could Happen in 2023
Just recently, at block height 757,214, mined on October 5, 2022, Bitcoin’s total hashrate tapped an all-time high (ATH) at 321.15 exahash....
Concerns that Bitcoin may have already topped come as volatility is expected around the Fed rate hike decision and comments. Bitcoin (BTC) begins a key week of internal and macroeconomic events still trading above $20,000.After its highest weekly close since mid-September, BTC/USD remains tied to higher levels within a macro trading range.Bulls have been keen to shift the trend entirely, while warnings from more conservative market participants continue to call for macro lows to enter next.So far, a tug-of-war between the two parties is what has characterized BTC price action, and any....
This morning, we commented on the strange action we had seen in the Bitcoin price overnight, and on the frailty of any real bias in the wake of the Federal reserve's latest decision to raise the US base rate by 0.25%. We said that-as a result of the uncertainty surrounding the implications of the US rate hike-we were going to reign in our key levels and incorporate a really tight breakout strategy, chasing short targets in a scalp-like fashion. This way, even if the price put us in a trade and then reversed quickly, we'd have a good chance of hitting our target (since it is a small, tight....
Dogecoin finds itself at a crucial price level following a broader market surge driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. The meme coin is teetering on the edge of breaking a key resistance level, which could trigger a significant rally to new highs. Related Reading: Bitcoin Volatility Still Low […]