What is quantitative easing, and how does it work?
Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity.
Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity.
Binance Coin (BNB) has experienced a notable setback, retracing from its overhead resistance for the third time in just two months. This downward trajectory has formed a falling wedge pattern, a technical indicator characterized by declining peaks and troughs confined within two converging trend lines. As of the latest data from CoinGecko, BNB is currently trading at $214.94, with a 24-hour decline of 0.9% and a modest seven-day gain of 0.6%. On August 31, the BNB price dipped below the critical $220 local support level, signaling the possibility of further bearish movement. Related Reading: Shiba Inu Tallies 77% Accumulation By Major Investors – Good For SHIB Price? However, amidst the prevailing market uncertainty, BNB’s price has turned sideways, leaving both buyers and sellers in a state of indecision. BNB weekly price action. Source: Coingecko The falling wedge pattern, often referred to as an ending diagonal pattern, can be seen as a potential signal of exhaustion within a prevailing bearish phase, hinting at a potential trend reversal. If the recent breach below $220 fails to sustain, it could open the door for buyers to challenge the overhead resistance. Binance Coin Potential For Turnaround Price analysis suggests that a successful breakout from this falling wedge pattern would signify a bullish turnaround for BNB. This could potentially propel the coin’s price to target levels of $234, and if momentum continues to favor buyers, it may even reach heights of $247 or even $263. In a parallel development, PancakeSwap (CAKE) has achieved a significant milestone in the cryptocurrency ecosystem. According to a post by glebk.eth, PancakeSwap’s monthly revenue has surpassed that of BNB Chain over the last 30 days. .@PancakeSwap surpassed @BNBCHAIN in terms of monthly revenue Data source: @tokenterminal $CAKE $BNB #BNB #BNBChain pic.twitter.com/Vp1bHg8o6N — glebk.eth (@glebk_eth) September 7, 2023 PancakeSwap operates on BNB Chain due to its lower transaction costs, which allow users to swap tokens with significantly reduced fees compared to Ethereum (ETH). Token Terminal data reveals that, as of September 6, PancakeSwap generated fees totaling $96,237, indicating a substantial increase in user transactions compared to the previous day. In contrast, BNB Chain’s 30-day revenue stood at $931,700 on September 7. PancakeSwap’s revenue during the same period, however, exceeded expectations, reaching $970,800. BNB market cap currently at $33 billion on the weekend chart: TradingView.com Implications For The Crypto Market These developments in the crypto market highlight the ongoing battle between various blockchain platforms and decentralized exchanges. BNB’s struggle with overhead resistance underscores the challenges faced by cryptocurrencies in maintaining upward momentum amid market volatility. Related Reading: XLM Surges With 10% Rally – Can The Recovery Hold Its Ground? As the crypto landscape continues to evolve, investors and enthusiasts will closely monitor these trends to assess the potential impact on the broader market and the long-term viability of different blockchain ecosystems. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Fortune
I was wondering if all CEXs as a whole are currently holding a monopoly over the entire varied crypto market, for multiple reasons: They get the most attention in relation to other things like DEXs. Always at the top of general crypto related search results, and very hard to miss anywhere in the crypto space.…
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———–******————– **Disclaimer:** This looks like financial advice, doesn’t it? You look at it from the right, it looks like I am pushing you to do what is written in the article. If you put your head down and think, you may be convinced that this indeed is financial advice. If you close your eyes, it…
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submitted by /u/thom_orrow [link] [comments]
submitted by /u/Successful_Craft3076 [link] [comments]
Shiba Inu (SHIB) seems to have hit a rough patch in recent times, as its price struggles to gain traction in the volatile crypto market. Investors who witnessed a major rally between mid-June and mid-August are now grappling with the harsh reality that these gains have been almost entirely wiped out. As we enter the final quarter of the year, Shiba Inu’s price has exhibited a rather lackluster performance. The token has teetered dangerously close to its July/August lows, casting a shadow of doubt over the optimism that once surrounded it. In fact, a recent price analysis indicates that SHIB has given up over 70% of its gains achieved during its summer surge. Related Reading: XLM Surges With 10% Rally – Can The Recovery Hold Its Ground? Currently, SHIB is trading at $0.00000762, as reported by CoinGecko. Over the last 24 hours, it has experienced a modest 0.3% decline, while the seven-day chart shows also shows an insignificant loss of 2.8%. These figures underscore the prevailing bearish sentiment that has engulfed the Shiba Inu token since mid-August, with the Relative Strength Index (RSI) remaining below the crucial 50-neutral level. SHIB weekend price action. Source: Coingecko Shiba Inu Large Holders Up Amidst the challenging period of price volatility that Shiba Inu (SHIB) has been experiencing, there has been a noteworthy development that has captured the attention of market observers within the Shiba Inu network. According to data sourced from IntoTheBlock, a prominent analytics platform, there has been a notable surge in the concentration of SHIB tokens held by large investors. This shift in ownership dynamics is indeed a significant development in the Shiba Inu ecosystem and may hold the potential to influence the trajectory of the token’s price. Source: IntoTheBlock Related Reading: XRP Bottom Support Holds Strong: A Healthy Sign For The Crypto’s Price? The data presented in the chart below clearly illustrates this compelling trend, with a striking 77% increase in the number of holders of this meme coin. This surge in the number of holders represents a noteworthy uptick in the distribution of SHIB tokens among a broader spectrum of participants in the market. Such an increase in the holder base suggests a growing interest and participation in the Shiba Inu project, which in turn could serve as a catalyst for renewed optimism and potential price appreciation. SHIB market cap currently at $4.49 billion on the weekly chart: TradingView.com SHIB Outlook Meanwhile, as the fate of Shiba Inu remains uncertain in the short term, the increased attention from whales adds an element of intrigue to the story. As the crypto community watches with bated breath, the question remains: Are the whales positioning themselves for a resurgence of SHIB, or is there more to this story than meets the eye? (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Zipmex
He pointed out that Gensler had requested an urgent appeal while simultaneously asserting that crypto regulations and rules were clear and must be adhered to by the industry.
Personally I struggled a lot to DCA when I started investing. I would still try to time the market and end up losing out on gains, or just regretting my decisions Since about a year now I DCA extremely consistent and it made me look at it from a different perspective. It took away a…
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When even Yahoo is bullish on crypto submitted by /u/raresanevoice [link] [comments]