People's Bank of China cuts Reserve Requirement Ratio by 50 basis points, aiming to support #cryptocurrencies. #CryptoNews
Move follows Chinese government's $278 billion package, providing stability amid economic concerns and #stockmarket downturn.
https://coinpedia.org/news/peoples-bank-of-china-rrr-cut-expected-to-boost-bitcoin/
Move follows Chinese government's $278 billion package, providing stability amid economic concerns and #stockmarket downturn.
https://coinpedia.org/news/peoples-bank-of-china-rrr-cut-expected-to-boost-bitcoin/
Coinpedia Fintech News
People's Bank of China RRR Cut Expected To Boost Bitcoin
The People's Bank of China (PBoC) has announced a 50 basis points cut to the Reserve Requirement Ratio (RRR), to provide support for risk assets,
🔵 #Bitcoin (BTC) surpassed $50,000 on Tuesday, the first time since December 2021.$BTC then slightly dropped to $49,750.
🔵 Factors contributing to BTC's rally include #ETF inflows, an upcoming #Halving event, and a healthy US #stockmarket.
🔵 Other top #cryptocurrencies like #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) also saw gains.
🔵 The global #cryptomarket cap reached $1.87 trillion, marking a 24-hour gain of 3.52%.
🔵 Factors contributing to BTC's rally include #ETF inflows, an upcoming #Halving event, and a healthy US #stockmarket.
🔵 Other top #cryptocurrencies like #Ethereum (ETH), #Dogecoin (DOGE), #Solana (SOL), #Ripple (XRP), and #Litecoin (LTC) also saw gains.
🔵 The global #cryptomarket cap reached $1.87 trillion, marking a 24-hour gain of 3.52%.
#Bitcoin's open interest hits $22.5 billion over the weekend, signaling bullish sentiment despite concerns over #ETF impact.
#Goldman Sachs revises S&P 500 target to 5,200 by 2024, reflecting positive outlook on #stockmarket performance. #CryptpoMarket
https://coinpedia.org/news/goldman-sachs-predicts-sp-500-to-reach-5200-by-2024-aligning-with-bitcoins-bullish-trend/
#Goldman Sachs revises S&P 500 target to 5,200 by 2024, reflecting positive outlook on #stockmarket performance. #CryptpoMarket
https://coinpedia.org/news/goldman-sachs-predicts-sp-500-to-reach-5200-by-2024-aligning-with-bitcoins-bullish-trend/
CoinPedia
Goldman Sachs Predicts S&P 500 to Reach 5,200 by 2024, Aligning with Bitcoin’s Bullish Trend
Over the weekend, Bitcoin’s open interest hit $22.5 billion, suggesting a high level of interest and activity in the market and indicating that traders
Max Keiser predicts #Bitcoin to hit $500,000 amid US #stockmarket concerns, citing safe haven potential.
Despite regulatory risks, #BlackRock's #BitcoinETF attracts investments, highlighting growing institutional interest in #cryptocurrencies.
https://coinpedia.org/news/max-keisers-bold-prediction-bitcoin-soaring-to-500k-amidst-us-market-crash/
Despite regulatory risks, #BlackRock's #BitcoinETF attracts investments, highlighting growing institutional interest in #cryptocurrencies.
https://coinpedia.org/news/max-keisers-bold-prediction-bitcoin-soaring-to-500k-amidst-us-market-crash/
CoinPedia
Bitcoin to $500,000? Max Keiser Sounds Alarm as Stock Market Nears Crash
Renowned Bitcoin advocate Max Keiser just dropped a bombshell prediction: BTC could hit a jaw-dropping $500,000. But why now, amidst jitters in the
Bitcoin's path to $150,000 faces hurdles: underperformance, Ethereum ETFs, Tether dominance, regulatory compliance, deflationary pressures.
Factors include #Bitcoin's correlation with traditional markets, potential #stockmarket correction, and monetary policies' impact. #CryptoMarket #Crypto #BTC
https://coinpedia.org/news/top-reasons-why-bitcoin-price-reaching-150k-might-be-a-long-road-ahead/
Factors include #Bitcoin's correlation with traditional markets, potential #stockmarket correction, and monetary policies' impact. #CryptoMarket #Crypto #BTC
https://coinpedia.org/news/top-reasons-why-bitcoin-price-reaching-150k-might-be-a-long-road-ahead/
CoinPedia
Top Reasons Why Bitcoin Price Reaching $150K Might Be a Long Road Ahead
Mike McGlone provided several reasons why it might take time for Bitcoin to hit $150,000. Firstly, he noted Bitcoin's underperformance compared to the
#Cryptomarket experiences volatility, #Bitcoin, #ETH, #XRP decline; expert Gareth Soloway predicts $BTC's potential rise.
Worst-case scenarios: #Stockmarket downturn, BTC below $30K; bullish patterns indicate potential $100K rally.
https://coinpedia.org/news/is-a-bullish-turn-on-the-horizon-for-bitcoin-and-altcoins-gareth-soloways-pre-election-prediction/
Worst-case scenarios: #Stockmarket downturn, BTC below $30K; bullish patterns indicate potential $100K rally.
https://coinpedia.org/news/is-a-bullish-turn-on-the-horizon-for-bitcoin-and-altcoins-gareth-soloways-pre-election-prediction/
CoinPedia
Bitcoin Bullish Breakout or Bearish Breakdown? Here’s Gareth Soloway’s Pre-Election Prediction
The crypto market has been on a wild ride lately, with prices swinging dramatically and major cryptocurrencies struggling to hold their ground. Bitcoin