The post Here Are The Upcoming Price Targets for BTC, ETH, and XRP appeared first on Coinpedia Fintech News
The federal reserve federal reserve Multinational Investment Bank Followers : 0 View profile base interest rate is now hanging around 2.5%, but following today’s policy meeting, it is largely anticipated that the US central bank will increase it by 75 basis points to 3.25% in order to combat increasing inflation.
According to popular theory, this may cause short-term liquidity runs on both sides but ultimately start an upswing. Markets may tumble if the Fed decides to raise interest rates by 100 basis points (bps) rather than the anticipated 75, which would raise the base rate to 3.5%.
The price of bitcoin is currently resting below the previous weekly lows at $18,500, indicating that a recovery is imminent. However, as was already indicated, the FOMC meeting might be crucial in determining how the markets develop going forward.
However, a break of this level might trigger a reversal, propelling BTC to the next barrier at $19,539 and $20,737. The optimistic perspective will be invalidated and a drop to $15,550 would result if the Bitcoin price breaches below and then transforms the $18,293 support level into a resistance barrier.
After establishing three lower lows and two lower highs since August 4, the price of Ethereum now appears to be circling in a parallel declining pattern. While ETH is presently trading around $1,280, it is possible that it will continue to fall. If the bulls gain control, ETH can pass through the $1,550 immediate resistance level. The optimistic prognosis will be invalidated and Ethereum’s price might fall to $1,080 if the daily candlestick closes below $1,280.
After a 24% leg-up, the ripple price has finally broken through the $0.381 barrier level. The XRP price appears positive and is anticipated to keep rising to $0.439 in the near future. If this level were to be turned into a support floor, the move might be extended to $0.477.
The bullish thesis will be disproved if the price of XRP falls below the $0.331 support floor and turns it into a resistance level. This development might cause the $0.309 barrier for XRP to reappear.
Bitcoin was back above $20,000 on Tuesday, as the U.S. dollar fell to its lowest point in two weeks versus several G7 currencies. The stronger dollar has impacted purchasing power in cryptocurrencies, and commodities like crude oil, which last week fell to a nine-month low. Ethereum was also up, hitting a five-day high. Bitcoin Bitcoin […]
The United Kingdom-based gold dealer, Ash Kundra, has claimed that he recently ran out of gold coins and bars after the demand for the precious metal skyrocketed. The pound’s plunge to a record low versus the dollar, as well as the turmoil in financial markets, is said to be the cause of the sudden increase […]
Registered crypto users in Brazil are increasing at a consistently steady pace, despite the bear market rearing its ugly head. Based on latest data, the South American country has tallied more than 1 million registered crypto accounts for the month of July alone, adding to its nearly 35 million users, Brazilian tax authority Receita Federal […]
The post Altcoin Season On Horizon! Here’s What Next for BTC, AVAX, XRP, DOT, and other altcoins appeared first on Coinpedia Fintech News
A downward correction is still a problem for cryptocurrencies as the current scenario limits the upward advances, pointing to a further decrease in cryptocurrency. This time of indecision among buyers and sellers causes some altcoins to become rangebound. However, according to a well-known crypto specialist, it’s possible that the altcoin market is preparing for a …
The story of Silk Road and its creator Ross Ulbricht are inextricably linked to bitcoin’s history. In February 2011, the dark web black market was one of the first web stores to go bitcoin-only, providing an undeniable use case for the bitcoin network as a payment rail. On the other hand, the Silk Road stained […]
Crypto prices immediately came crashing down after Federal Reserve Chairman Jerome Powell announced they are increasing interest rates during an economic summit on September 21. Now, in a not-so-delayed reaction, the United Nations is calling on the U.S. central bank and other large western regulators not to continue raising their interest rates, a UN agency […]