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Ether (ETH) is struggling to maintain the $2,000 support as of Nov. 27, following its third unsuccessful attempt in 15 days to surpass the $2,100 mark. This downturn in Ether's performance comes as the broader cryptocurrency market sentiment deteriorates, thus one needs to analyze whether It’s possible that recent developments, such
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"Reflecting back on 2019, the Fed concluded its rate-hiking cycle and entered a seven-month pause. During this period, Bitcoin experienced a dramatic price rally, surging by an impressive 325%," Markus Thielen, head of research and strategy, said in a note to clients last week. "In line with our outlook, it’s
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Dubai-based cryptocurrency exchange Bybit announced plans to suspend its services to customers in the U.K. shortly before the deadline for crypto firms to comply with the country’s laws on advertisements and promotions. Bybit announced the news in a press release on Sept. 22, stating that U.K. users have until Jan. 8,
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On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.Pechman expresses skepticism about the claim that recent inflation data indicated the Federal Reserve’s 2% target
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"No one really expects a change in the policy rate or balance sheet guidance at this meeting," Scotiabank said in a preview note to clients on Friday. "Instead, it will focus upon tweaks to forward guidance on the policy rate, updated macroeconomic projections and guidance that [Fed Chair Jerome] Powell
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Shiba Inu's Layer-2 Shibarium network has resumed block production following a nearly day-long transaction pause.As per Shibariumscan.io block explorer, Shiba Inu's layer-2 blockchain Shibarium (SHIB) has reactivated and is generating blocks. The Shibarium network entered a fail-safe mode and paused operations to safeguard funds due to unexpectedly high traffic after
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Crypto exchange Coinbase is pausing its retail staking service in California, New Jersey, South Carolina and Wisconsin after those states said they would require changes to those services while its proceedings against such staking services move forward. Source
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After a momentary retest of the $25,000 support on June 15, Bitcoin gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months.The dismissal of Binance.US’s temporary restraining order by Judge Amy Berman Jackson of the
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Still, indicator was pointing bullishly. A price pattern called "throwback" has emerged on bitcoin's daily chart that could recharge bulls' engines for a rally toward $37,000, according to Valkyrie Investments. In technical analysis, a throwback is a price drop to a former breakout level or resistance-turned-support. After a breakout, prices
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"The consensus is for the hawkish skip, so the bar might be quite high for Jerome Powell to out-hawk the market," Brickell told CoinDesk. From a communication perspective, I think it’s difficult to sound too hawkish when you’re taking a pause, so my bias would be that it’s interpreted as
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