Bitcoin, Ethereum, Dogecoin Trade Mixed Ahead Of FOMC Policy Meet: Analyst Expects King Crypto To 'Soon Confirm Its Direction' Ahead Of 2024 Halving
Portfolio Pulse from Mehab Qureshi
Major cryptocurrencies traded mixed ahead of the Federal Reserve's policy decision. Trading activity on Binance.US hit a new low in September amid challenges for the crypto exchange. Asset management giant Franklin Templeton is planning to list a spot BTC exchange-traded fund (ETF), and Deutsche Bank is expanding into digital asset custody and tokenization. Analysts suggest that the crypto markets are consolidating, with Bitcoin likely to confirm its direction ahead of the 2024 Halving.
September 18, 2023 | 2:59 am
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POSITIVE IMPACT
Bitcoin's price is expected to confirm its direction ahead of the 2024 Halving, with analysts predicting a bullish trajectory.
Analysts suggest that Bitcoin is consolidating and is likely to confirm its direction soon. This could lead to a significant price movement.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dogecoin's price dropped slightly, reflecting the mixed sentiment in the crypto market.
Dogecoin's price dropped slightly, reflecting the mixed sentiment in the crypto market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Ethereum traded slightly lower, but the overall market sentiment remains mixed.
Ethereum's price dropped slightly, reflecting the mixed sentiment in the crypto market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80