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‘Trump trade’ and derivatives market optimism help bitcoin gain ground ahead of US election: analysts
‘Trump trade’ and derivatives market optimism help bitcoin gain ground ahead of US election: analysts

With November 5 approaching, Bitfinex analysts suggested that election-driven momentum, strong technical indicators, and elevated derivatives positioning point to an improving price outlook for bitcoin.However, they cautioned that short-term volatility is likely in the days following the election as markets react to the results and the potential for shifting macroeconomic conditions.

The Block·2024/10/30 04:00
XRP Daily Ledger Activity Reaches 6-Month High
XRP Daily Ledger Activity Reaches 6-Month High

HappyCoinNews·2024/10/29 15:33
USDT Stablecoin Launched on Aptos Blockchain
USDT Stablecoin Launched on Aptos Blockchain

HappyCoinNews·2024/10/29 15:33
Flash
  • 23:26
    Capital Economics: The non-farm payroll data must be significantly below expectations in order for the Federal Reserve to become more dovish
    In a report, Olivia Cross from Capital Economics stated that this week's non-farm employment numbers must show a "significant decline" in order to prompt the Federal Reserve to cut interest rates by 50 basis points again next week. Economists surveyed by The Wall Street Journal predict that due to the impact of hurricanes and strikes, new job growth will slow down from 254,000 in September to 100,000. Cross said that data needs to be much lower than expected for the Fed to become more dovish. On the other hand, Cross believes there is an upward risk of inflation which is another reason for the Fed's caution.
  • 22:26
    Probability of a 25BP Fed rate cut in November is 90.1%
    According to CME ‘Fed Watch’, the probability that the Fed will cut 25 basis points by November is 90.1%, and the probability of keeping the current rate unchanged is 9.9%. The probability of keeping current rates unchanged by December is 1.9%, the probability of a cumulative 25 basis point cut is 25.2%, and the probability of a cumulative 50 basis point cut is 72.9%.
  • 22:04
    Analyst: Ether's ‘lowest retracement’ before hitting all-time high could be $2,500
    Independent analyst Poseidon said Ether had experienced its ‘last drop’ to $2,382 over the weekend, but immediately rallied above $2,500 within 48 hours. The trader explained that ETH recovered its 200-day EMA level in an eight-hour timeframe, and that the weekend's decline was a ‘bear trap/deviation’ with a ‘minimum retracement’ of $2,500 possible before hitting a new all-time high. If it stays above $2,600, I will add more positions,’ the analyst said. I still believe this range will eventually break out to the upside.’
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