Bitcoin

Bitcoin is trading in a tight range as analyst Daan highlights a critical Fibonacci support level around $84,000. With the Fed meeting approaching, market participants are watching closely for potential price movements.

With an 87% chance of a Federal Reserve rate cut this Wednesday, the crypto market is on edge. Traders are weighing the potential for a year-end rally against the possibility that the move is already priced in, while also looking ahead to a new era of leadership at the central bank.

Several on-chain indicators suggest a significant price movement for Bitcoin is imminent. Key metrics include rising exchange inflows, increased whale transfers to exchanges, and a surge in stablecoin deposits, all pointing to potential volatility ahead.

A Bitcoin whale moved 2,000 BTC worth €155 million after 13 years of inactivity, sparking market speculation. The coins originated from Casascius Coins, physical bitcoins created by Mike Caldwell in 2011.

The Bank of Japan is preparing to raise rates to 0.75%, the highest since 1995, ending decades of ultra-loose policy. This could impact risk assets like crypto by reducing the yen carry trade, which has been a source of cheap funding.

Ethereum’s price against Bitcoin has broken a five-month downtrend, sparking analyst predictions of a potential 170% surge for ETH. This technical breakout suggests a major shift in market dynamics could be imminent.

Central banks are buying gold at record rates amid economic uncertainty, with October marking the highest monthly increase this year. This trend has renewed discussions about Bitcoin’s role as ‘digital gold’ and whether it will benefit from gold’s surge.

The article explores how Donald Trump’s potential appointments of crypto-friendly figures like Kevin Hassett to the Federal Reserve and Scott Bessent as Treasury Secretary could trigger a major shift in U.S. monetary policy. This new strategy, focused on aggressive growth and potentially higher inflation, could create a favorable environment for Bitcoin and other assets, potentially causing their prices to surge.

In the Global South, cryptocurrencies like Bitcoin are becoming essential tools for financial stability, offering protection against inflation and enabling economic inclusion, despite significant risks.

This article explores the potential consequences for Bitcoin’s price if Strategy, the largest corporate holder, is forced to sell its 650,000 BTC. It examines the conditions under which Strategy might sell, the company’s financial mechanics, and various analyst predictions ranging from a temporary dip to a catastrophic flash crash.