{"id":126163,"date":"2024-11-15T14:55:48","date_gmt":"2024-11-15T07:55:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=126163"},"modified":"2024-11-15T14:55:48","modified_gmt":"2024-11-15T07:55:48","slug":"bitcoin-ethereum-dogecoin-take-a-u-turn-as-jerome-powells-statements-dampen-rate-cut-expectations-analytics-firm-explains-why-btc-bull-market-has-not-yet-ended-grayscale-bitcoin-mini-trust-btc","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=126163","title":{"rendered":"Bitcoin, Ethereum, Dogecoin Take A U-Turn As Jerome Powell&#8217;s Statements Dampen Rate Cut Expectations: Analytics Firm Explains Why BTC Bull Market Has Not Yet Ended &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC)"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"article-body\" itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https:\/\/schema.org\/Article\">\n<div>\n<p>Leading cryptocurrencies pulled back Thursday as Federal Reserve Chair <strong>Jerome Powell&#8217;s<\/strong> remarks <a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/24\/11\/41991849\/powell-with-strong-us-economy-fed-has-no-need-to-be-in-a-hurry-to-lower-rates\">poured cold water on rate cut optimism.<\/a><\/p>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td>Cryptocurrency<\/td>\n<td>Gains +\/-<\/td>\n<td>Price (Recorded at 7:30 p.m. ET)<\/td>\n<\/tr>\n<tr>\n<td><strong>Bitcoin <\/strong><span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">BTC\/USD<\/span><\/td>\n<td>-2.23%<\/td>\n<td>$88,282.07<\/td>\n<\/tr>\n<tr>\n<td><strong>Ethereum<\/strong> <span class=\"ticker\" data-ticker=\"ETH\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">ETH\/USD<\/span><br \/><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>-3.55%<\/td>\n<td>$3,091.21<\/td>\n<\/tr>\n<tr>\n<td><strong>Dogecoin<\/strong> <span class=\"ticker\" data-ticker=\"DOGE\/USD\" data-exchange=\"CRYPTO\" style=\"display: inline-block;\">DOGE\/USD<\/span><strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/strong><\/td>\n<td>-4.46%<\/td>\n<td>$0.3726<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p><strong>What Happened<\/strong>: <strong>Bitcoin <\/strong>rose past $91,000 early morning hours, only to slip below $88,000 after the market close, resulting in more than a 2% decline over the last 24 hours.<\/p>\n<p><strong>Ethereum <\/strong>sharply descended from $3,240 to $3,040 over the day. Over the week, the second-largest cryptocurrency gained 3.89%, significantly trailing its senior partner, which was up over 15%.<\/p>\n<p>More than $505 million worth of positions were liquidated in the last 24 hours, with nearly $350 million in upside bets getting wiped out.<\/p>\n<p>Bitcoin&#8217;s Open Interest (OI) dropped 0.82% in the last 24 hours. A drop in OI, alongside a drop in spot price, also pointed toward long liquidations.<\/p>\n<p>That said, the number of traders betting in favor of Bitcoin&#8217;s price rally rose in comparison to those shorting the asset, according to the Long\/Short Ratio.<\/p>\n<p>The &#8220;Extreme Greed&#8221; sentiment weakened from 88 to 80 as a result of the retrace, according to the Cryptocurrency Fear and Greed Index.<\/p>\n<p><strong>Top Gainers (24-Hours)<\/strong><\/p>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td><strong>Cryptocurrency<\/strong><\/td>\n<td><strong>Gains +\/-<\/strong><\/td>\n<td><strong>Price (Recorded at 7:30 p.m. ET)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>Act I: The AI Prophecy <\/strong>(ACT)<\/td>\n<td>+32.46%<\/td>\n<td>$0.8424<\/td>\n<\/tr>\n<tr>\n<td><strong>MANTRA <\/strong>(OM)<\/td>\n<td>+20.63%<\/td>\n<td>$1.68<\/td>\n<\/tr>\n<tr>\n<td><strong>XRP <\/strong>(XRP)<\/td>\n<td>+13.42%<\/td>\n<td>$0.786<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p>The global cryptocurrency market capitalization stood at $2.92 trillion, declining 1.53% in the last 24 hours.<\/p>\n<p>Stocks closed in the red on Thursday. The <strong>Dow Jones Industrial Average <\/strong>slipped 207.33 points, or 0.47%, to close at 43,750.86. The <strong>S&amp;P 500<\/strong> lost 0.60% to end at 5,949.17. The tech-focused <strong>Nasdaq Composite <\/strong>dipped 0.64% to 19,107.65, marking its third straight losing day.<\/p>\n<p>The sell-offs followed Fed Chair Powell\u2019s statements that the central bank needn&#8217;t &#8220;be in a hurry&#8221; to cut rates given the strength of the economy.\u00a0<\/p>\n<p>The cautious remarks triggered a sharp decline in rate cut expectations during next month&#8217;s FOMC meeting, from 82% to 59%,\u00a0 <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">according <\/a>to data from the CME FedWatch tool\u00a0<\/p>\n<p><strong>See More:<\/strong><strong><em> <\/em><\/strong><a href=\"https:\/\/www.benzinga.com\/money\/best-crypto-scanners\"><strong>Best Cryptocurrency Scanners<\/strong><\/a><\/p>\n<p><strong>Analyst Notes: <\/strong>Popular cryptocurrency analyst <strong>Rekt Capital <\/strong>described Bitcoin dips early on in the price discovery phase as &#8220;high-probability opportunities.&#8221;<\/p>\n<p>&#8220;As the parabolic phase goes on, however, the pullbacks will become increasingly riskier for dollar-cost-averaging Good thing we\u2019re so early in the parabolic upside phase,&#8221; the analyst remarked.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> dips early on in Price Discovery are high-probability opportunities<\/p>\n<p>As the Parabolic Phase goes on however, the pullbacks will become increasingly riskier for dollar-cost-averaging<\/p>\n<p>Good thing we&#8217;re so early in the Parabolic Upside phase<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1857094023690797475?ref_src=twsrc%5Etfw\">November 14, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>On-chain analytics firm <strong>CryptoQuant <\/strong>said that high stablecoin inflows were driving the Bitcoin bull market.<\/p>\n<p>&#8220;There is a continuation of a higher-than-normal influx of stablecoins. This suggests that barring any additional news flow, the Bitcoin bull market has not yet ended,&#8221; the firm said, indicating that more upsides could follow.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin Bull Market Fueled by Stablecoin Inflows: Will the Uptrend Continue?<\/p>\n<p>&#8220;There is a continuation of a higher-than-normal influx of stablecoins. This suggests that barring any additional news flow, the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> bull market has not yet ended.&#8221; \u2013 By <a href=\"https:\/\/twitter.com\/theKriptolik?ref_src=twsrc%5Etfw\">@theKriptolik<\/a> <\/p>\n<p>Link \ud83d\udc47\u2026 <a href=\"https:\/\/t.co\/SAEnv6oxUD\">pic.twitter.com\/SAEnv6oxUD<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1857194154310214060?ref_src=twsrc%5Etfw\">November 14, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p><em>Photo by CMP_NZ on Shutterstock<\/em><\/p>\n<p><strong>Read Next:\u00a0\u00a0\u00a0\u00a0<\/strong><\/p>\n<\/p><\/div>\n<p><a class=\"text-sm my-4\" href=\"https:\/\/www.benzinga.com\/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom\" rel=\"noreferrer noopener\" target=\"_blank\">Market News and Data brought to you by Benzinga APIs<\/a><\/p>\n<p class=\"copyright\">\u00a9 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/24\/11\/41998395\/bitcoin-ethereum-dogecoin-take-a-u-turn-as-jerome-powells-statements-dampen-rate-cut-expectations-analytics-firm-explains-why-btc-bull-market-has-not-yet-ended\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leading cryptocurrencies pulled back Thursday as Federal Reserve Chair Jerome Powell&#8217;s remarks poured cold water on rate cut optimism. Cryptocurrency Gains +\/- Price (Recorded at 7:30 p.m. ET) Bitcoin BTC\/USD &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=126163\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-126163","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/126163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126163"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/126163\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}