The post GBP holds retracement support in the low 1.31s – Scotiabank appeared on BitcoinEthereumNews.com. The UK S&P Global Manufacturing PMI for August was confirmed at 52.5 yesterday, the strongest result for the index in a little over two years, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP gains above 1.3160 may drive some short-term […]

The post Ethereum Layer-1 Revenue Drops 99% Despite Growing Layer-2, Here’s Why appeared on BitcoinEthereumNews.com. The revenue of the layer-1 network of Ethereum has experienced a sharp decline, plummeting by 99% since March 2024.  This significant drop comes despite an increase in monthly users and rising daily transaction costs on Ethereum’s layer-2 solutions. According to […]

The post Bitcoin (BTC) Price Could Drop 20% After Fed Rate Cuts, but It’s a Buying Opportunity appeared on BitcoinEthereumNews.com. “Typically, rate cuts are perceived as bullish catalysts for risk assets,” they wrote. “A 25 basis point rate cut would likely mark the beginning of a standard rate-cutting cycle, which could lead to long-term price […]

The post Drops below 1.3100 on mixed US ISM data appeared on BitcoinEthereumNews.com. GBP/USD slips below 1.3100 despite RSI giving mixed signals. RSI trends bullish but momentum shifts to sellers, descending towards neutral. A drop below 1.3100, GBP/USD could test July 17 high at 1.3043; further drops may reach psychological 1.3000, then 50-DMA at 1.2894. […]

The post September Federal Reserve Meeting Expected to See 25 Basis Point Rate Cut As Traders Bet appeared on BitcoinEthereumNews.com. Polymarket traders are betting on the Federal Reserve’s rate cut scheduled for September 17-18. BTC price is likely to decline as a potential rate-cutting cycle approaches this month. As of September here, the anticipation is […]

The recent hot buzz of the crypto sector, Hamster Kombat (HMSTR), on Tuesday marked a milestone achievement. The P2E project officially announced that it secured listing on a globally leading crypto exchange, Bybit. This listing has sparked significant optimism for the Telegram-based project, with traders and investors speculating over more listings, especially on Binance, in […]

The post Fed’s Rate Cut Could Affect Bitcoin Prices appeared on BitcoinEthereumNews.com. The U.S. Federal Reserve’s impending decision on interest rates this month is expected to have a substantial impact on Bitcoin‘s short and long-term price movements. Analysts suggest that a temporary rise in Bitcoin’s value may follow the Fed’s mid-September announcement, but concerns about […]

The post Will Spot Solana ETFs Be Approved or Just a Dream? Critical Statements Came from the Famous CEO! appeared on BitcoinEthereumNews.com. Following the SEC’s approval of spot Ethereum ETFs, all eyes turned to other altcoin ETFs, with Solana being the first candidate. At this point, while the first Solana ETF applications have come from […]

The post Historic cup and handle pattern spotted — is BTC set to skyrocket? appeared on BitcoinEthereumNews.com. Over the last six months, Bitcoin (BTC) has been trading in a range that is getting progressively tighter. During this period, prices have ranged from a high of $73,100 to a brief low of $53,960 — as of […]

The post Analyst Reveals the Only Barrier Preventing XRP From Reaching $11-$27.5 appeared on BitcoinEthereumNews.com. CryptoInsightUK, a prominent market analyst, shares a unique perspective to the possible factor behind the XRP underperformance. According to his observation, the main barrier to XRP reaching a two-digit price is not the market cap but the drastic decline in […]