Dear Readers,
We have witnessed a smart recovery after a heavy turmoil in the crypto market last week!
What a swift movement with the data in US with the US Job Report and US Employment report by the US Department of Labour Statistics?
The BTC have lowered to <50K and ETH touched down to $2100 at the bottom.
At the time of writing of this article the global crypto market cap is at $2.14 Trillion, with a up of 1.02% from yesterday.
The market leaders BTC is trading at $61175 (+1.25%) and ETH is trading at $2639 (+1.3%_
While we are seeing these kinds of swift movements so much times, we need to learn so much important lessons every time.
We also could see the retail investors at large have sold so much in the market with the fear.
It is to be noted that i is always a very bad idea to sell in panic and over sold zone.
I have seen many crypto market crashes from 2017.
I HODLED in most of them. I am in spot anyway.
Until the time of our sell, there will not be profit or loss.
But, consider the technicalities and the BTC halving analysis. Bitcoin market will top again in 2025.
Until that time, there may be so much swings- low and high according to the market influential news.
So just will wait for it.
It is painful to watch all your portfolio looking very bad at the time of heavy dump in the market. It is what the crypto markets and investments all about!
As told and suggested in the articles, stay strong guys.
Market bounced back and good times will come. Use wisely to select the good crypto projects and invest it, or DCA it!
As against the expectations, FED might have an emergency meeting and they might cut interest rates sooner than expected.
So, expect the unexpected. Well this is expected anyway.
The important aspect from now on with the FED in their upcoming September month decisions!
The Federal Reserve is expected to drop interest rates by just a quarter-point in their next meeting.
Almost 80% of them believe the Fed will settle for a modest reduction and the rates down to a range of 5% to 5.25%.
Only a few think a larger cut in the interest rate to deal with the inflation. But chances are not to be in the range of 10%. cut.
But the FED policymakers aren’t too keen on aggressive moves as of now because the July jobs report was a bit of a letdown. Hiring slowed down, and the unemployment rate hit its highest point in nearly in the past three years.
Led by Jerome Powell in FED likely to focus on two things: keep the employment high and bringing inflation down to their 2% target.
If there is the rate cut, there would be a good driving force for the market.
On top of everything, there is US Presidential Election.
If Trump comes to power, there are likely to be a sweet rally in the crypto markets as well.
If we see the technical chart of BTC, the Resistance levels are at $59.5k, $62k and $65.5k.
There are also in the headlines that Justin Sun, the founder of Tron moves millions in BTC in Binance. There are some cooking up in the BTC.
So, stay strong and happy investing!
=
Are you looking for a regular & real passive income in terms of uncertain times?
Here is an excellent opportunity and the right place for you to earn with tangled.com
tangled.com is the fastest growing social site where you can earn in handsome and automatically monetise all your contents- just like plug and play. Just explore and join with my referral: https://hiraj.tangled.com/join and enjoy earning Millix in a very simple way and cash out to your cyrpto wallets with a minimum threshold of $1 with a simple click!
On you sign up, you need to create 2 wallets ( primarily and for reactions) with the millix eco system to receive all your income generated incomes which is a simple easy process.
I guarantee you all that this platform gives you super earning!
