“Traders cautiolated that thursday’s moves would be a relief raly, with the $ 80,000 Support Level One to Watch For.”, – WRITE: www.coindesk.com
Overall Crypto Market Capitalization Fell 3.2% in the Past 24 Hours, with BTC Sliding from $ 86,000 to Under $ 84,000, ETHER (ETH) DROPPING BLOW $ 2,000 and Solana’s Sol Falling 5%.
XRP SHOWED STEADY DECLines Bringing Wednesday’s 10% Spike to A 4.8% Gain Over A Weekly Basis, While Bnb Chain’s Bnb Continued to Edge Highher, Bringing Weekly Gains. 8%.
AT Press Time, TRON’S TRX AND TON WERE The ONLY Major Tokens in the Green, Rising 2% Each.
TRX WAS FLOATED ON SOLANA FOR The FIRST TIME EVER ON LATE THOUSDAY IN ATEMPT TO Expand Its User Base. Ton Saw Retail Demand After The Toncoin Foundation SAID THAT VENTURE CAPITAL FIRMS NOW HOLD OVER $ 400 Million Wrth of the Asset After Fresh Investments.
Wednesday’s Federal Open Market Committee (FOMC) Meeting Delivered A Brief Upside Catalyst Markets Had Been Waiting for, Propelling BTC Past $ 85,000 as No Rate Cuts Were.
However, The Fed Said It Wuld Scale Back ITS “QUANTITATIVE TIGHTENING” PROGRAM STARTING IN APRIL WHICH TRADDERS LIKELY INTERPREPRETED AS An INDIRICT RATE CUT, Singapore-Based QCPPPAT Options Markets have started to positions accounting.
“The CHANCE OF BTC REACHING ABOVE $ 100K by June 30 have increasted from 20% to nearly 30% in the last 24 hours,” Dr. Sean Dawson, Head of Research at Onchain Options Platform Derive.xyz, Told Coindesk in An Email.
“WHILE The PROBILITY OF ETH REMINING ABOVE $ 2000 by June 30 is Now A Coin Flip – WAS 40% 24 Hours Ago. Nearly 60% of Eth Options Traded On Derive.xyz in the Last 24 Hours Were. Sentiment.
FXPRO’S ALEX KUPTSIKEVICH, WHO EYES The $ 80,000 Support Level As A Critical Area To Watch For A Break of Support, MaintAneda A CAUTYUS TONE.
“IT’s Important to Note That Crypto Market Has Yet to Break Above ITS 200-Day Moving Average, Currently Sitting Close to $ 2.9 Trillion. A Strong Rally Anove. But There’s Also A Risk of Bears Setting Up A Trap, As They’ve Done Several Times Before, ”Kuptsikevich Said in a Telegram Message.
“For Bitcoin to Maintain Momentum, Staying Above This Key Level Is Cruce. If It Does, It Could Spark Renewed Interest in Buying A Variety of Coins that had in a. Referring to Broader Altcoin and Memecoin Markets.
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