GoMining News ✔

📰 GoMarket Weekly #30: Geopolitical Tensions, Bull Market Peak Forecast

What's happening in crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market.


📉 Middle East Tensions Shake Bitcoin
Global markets are on high alert as tensions between Iran and Israel escalate, causing Bitcoin to dip. The cryptocurrency has experienced a 7-day trading range of $60,047 to $66,304, leaving investors anxious amid ongoing uncertainty. This sentiment is mirrored in the Crypto Fear & Greed Index, which currently indicates "Fear" at 41, down from "Greed" at 64 just a week ago.

📈Positive Macro Signals Bring Hope
Despite recent selloffs, analysts suggest that the current weakness in crypto could be temporary. As U.S. stocks rebound, the correlation between crypto and equities could help the market recover soon, raising hopes for an "Uptober" rally 🍂📊.

📉Fed Rate Cuts & Labor Market Momentum
Jerome Powell hinted at potential rate cuts in 2024, which is normally good news for digital assets! With rate cuts sweeping the globe, central banks from the US to China are stimulating digital assets like Bitcoin to make their move. Combined with a strong U.S. labor market, these macroeconomic shifts could fuel the next crypto boom.

🚀Bitcoin Bull Market Hasn’t Peaked Yet
According to CoinMarketCap Research, we're 40.66% of the way through the current bull market, which is ahead of schedule compared to historical cycles. Analysts project a potential peak in mid-2025, driven by institutional adoption and favorable economic conditions.

⚖️Regulatory Developments on the Horizon
A new US Senate bill aims to expand the CFTC's authority over crypto trading, including the use of tokenized shares as collateral. BlackRock and Franklin Templeton could soon see tokenized versions of their funds in play, further blending traditional finance with crypto.

📜 SEC Appeals Ripple Ruling
The SEC isn't backing down, appealing the recent decision in favor of Ripple, which found that XRP sold on public exchanges is not a security. Brad Garlinghouse, head of Ripple, fired back at the SEC over its move, calling it "misguided" and "infuriating".

🇯🇵 Metaplanet Expands Massive BTC Holdings
Metaplanet has added another 107.913 BTC to its holdings, totaling 506.745 BTC, at an average purchase price of ¥9.37 million per Bitcoin. With economic stability in question, companies are seeking this stability in Bitcoin, which has emerged as a safeguard against uncertainty.

For more details, read the full report here.

❤30👍16🏆1

www.tg-me.com/us/GoMining News/com.gmt_token/3250

8.3K viewsOct 4, 2024 at 19:39

📰 GoMarket Weekly #30: Geopolitical Tensions, Bull Market Peak Forecast

What's happening in crypto? Every week, our regular guest expert Mike Ermolaev covers the latest trends and news shaping the market.


📉 Middle East Tensions Shake Bitcoin
Global markets are on high alert as tensions between Iran and Israel escalate, causing Bitcoin to dip. The cryptocurrency has experienced a 7-day trading range of $60,047 to $66,304, leaving investors anxious amid ongoing uncertainty. This sentiment is mirrored in the Crypto Fear & Greed Index, which currently indicates "Fear" at 41, down from "Greed" at 64 just a week ago.

📈Positive Macro Signals Bring Hope
Despite recent selloffs, analysts suggest that the current weakness in crypto could be temporary. As U.S. stocks rebound, the correlation between crypto and equities could help the market recover soon, raising hopes for an "Uptober" rally 🍂📊.

📉Fed Rate Cuts & Labor Market Momentum
Jerome Powell hinted at potential rate cuts in 2024, which is normally good news for digital assets! With rate cuts sweeping the globe, central banks from the US to China are stimulating digital assets like Bitcoin to make their move. Combined with a strong U.S. labor market, these macroeconomic shifts could fuel the next crypto boom.

🚀Bitcoin Bull Market Hasn’t Peaked Yet
According to CoinMarketCap Research, we're 40.66% of the way through the current bull market, which is ahead of schedule compared to historical cycles. Analysts project a potential peak in mid-2025, driven by institutional adoption and favorable economic conditions.

⚖️Regulatory Developments on the Horizon
A new US Senate bill aims to expand the CFTC's authority over crypto trading, including the use of tokenized shares as collateral. BlackRock and Franklin Templeton could soon see tokenized versions of their funds in play, further blending traditional finance with crypto.

📜 SEC Appeals Ripple Ruling
The SEC isn't backing down, appealing the recent decision in favor of Ripple, which found that XRP sold on public exchanges is not a security. Brad Garlinghouse, head of Ripple, fired back at the SEC over its move, calling it "misguided" and "infuriating".

🇯🇵 Metaplanet Expands Massive BTC Holdings
Metaplanet has added another 107.913 BTC to its holdings, totaling 506.745 BTC, at an average purchase price of ¥9.37 million per Bitcoin. With economic stability in question, companies are seeking this stability in Bitcoin, which has emerged as a safeguard against uncertainty.

For more details, read the full report here.

BY GoMining News