Bitcoin, Ethereum, and XRP are under pressure due to rising expectations of a Federal Reserve interest rate hike at the September 15-16 meeting, with an 86.5% chance of a 25 basis point increase. This would be the Fed's first rate hike in three years, potentially tightening financial conditions for risk assets like cryptocurrencies. Despite this, Bitcoin's outlook remains positive with potential for further gains after consolidation, Ethereum is testing key resistance levels, and XRP is more vulnerable but may recover if key support holds. Traders are closely watching the Fed decision as higher rates could dampen crypto momentum.
Grayscale reports that Zcash mining rewards are about twice as high as Bitcoin's per mining rig and four times higher per unit of electricity, making Zcash mining highly profitable. This profitability has led to a 2.5-fold increase in Zcash mining ac...
The likelihood of a Federal Reserve interest rate hike on September 16 has surged to 86.5%, putting pressure on major cryptocurrencies like Bitcoin, Ethereum, and XRP. This potential rate increase is driven by rising U.S. inflation data, which has un...
Traders on Polymarket currently assign a 64% probability that Bitcoin will reach $80,000 by the end of September, while a dip to $75,000 is considered more likely at 68.5%. The market's pricing reflects real trader positioning, with lower chances for...
Bitcoin's price faces strong resistance between $77,100 and $81,700 due to long-term holders selling up to 539,000 BTC in this range, creating a dense supply zone. The price must close above the 365-day moving average at $81,700 to confirm a bullish ...
Bitcoin's price experienced a volatile $3,215 intraday swing but settled around $77,300 with a modest 0.2% gain, reflecting a cautious market. The longer-term trend remains healthy, supported by strong moving averages, but short-term momentum is mixe...
