您现在的位置是:Bitcoin drops below $19k ahead of this week’s FOMC meeting >>正文
Bitcoin drops below $19k ahead of this week’s FOMC meeting
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3人已围观
简介The cryptocurrency market has continued its poor start to the week, with Bitcoin dropping below $19k...
The cryptocurrency market has continued its poor start to the week, with Bitcoin dropping below $19k ahead of another FOMC meeting.
The cryptocurrency market performed poorly last week, losing its $1 trillion market cap peg. The poor performance has now stretched into the new week, with the broader market losing more than 5% of its value in the last 24 hours.
As a result of the poor performance, the total cryptocurrency market cap could drop below the $900 billion mark for the first time this month.
Bitcoin, the world’s leading cryptocurrency, has underperformed in recent weeks. At press time, Bitcoin is trading at $18,954, down by more than 4% in the last 24 hours.
The leading cryptocurrency is underperforming ahead of another crucial FOMC meeting on September 20th and 21st.
The market is expecting another 75 basis points increase in interest rates, a move that could see Bitcoin, the crypto market, and the broader financial market perform poorly.
So far this year, the FOMC raised federal fund rates by 25 bps in March, followed by a 50 bps in May and another 75 bps hike in the June and July meetings each. Thus, taking the present policy rate to 2.25-2.5%.
Key levels to watch
The BTC/USD 4-hour chart is negative as Bitcoin has been underperforming over the last few hours. The MACD line has stayed within the negative zone over the past week and remains there. Hence, indicating that the bears are in control.
BTC/USD Chart By TradingView
The 14-day relative strength index of 39 shows that Bitcoin could enter the oversold region if the bearish momentum continues.
If the negative sentiment doesn’t improve, BTC could dip below the $18,713 support level before the end of the day.
Bitcoin might experience further losses ahead of the FOMC meeting and could decline below $18k for the first time in two months.
The bulls might regain control of the market and push BTC past the $19,500 resistance level over the next few hours.
Where to buy now
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPlus500
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Buy BTC with Plus500 today 82% of retail CFD accounts lose money.Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/84968.html
相关文章
GM partners with Niron to develop rare
Bitcoin drops below $19k ahead of this week’s FOMC meetingBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Permanent...
阅读更多
Pullix (PLX) price outlook as investors savour bullish market
Bitcoin drops below $19k ahead of this week’s FOMC meetingPullix (PLX) presale price has increased to $0.08 in stage 6.Meanwhile, the broader crypto market ou...
阅读更多
CRO price steady as Cronos unveils winners of its accelerator program
Bitcoin drops below $19k ahead of this week’s FOMC meetingCRO price moved sideways on Thursday after the developers announced the first cohort of its accelera...
阅读更多
热门文章
- SushiSwap price update as Band Protocol denies its CTO is Nomi Chef
- Binance halts AEUR stablecoin trading after a 200% surge days after listing
- YouTube Takes Down a Livestream Running on a Crypto
- YFI price prediction: Yearn Finance could sink by 30%
- Indian Prime Minister’s Twitter Hacked In Crypto Scam
- Bitget Introduces TraderPro Program with Zero Investment, Dual Profit
最新文章
UK company Seratech reveals bricks made with captured CO2
Wright brothers: US startup aims nuclear fusion using plasma railguns
Lilium eVTOL jet: Lilium wants you to fly sustainably to your private jet
Russian space sim: 6 people isolated for year of research
James Webb snaps stunning scene of a baby star birth in Orion constellation
Dogecoin, Bonk, and Meme Moguls