|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Binance exec insists bitcoin can recover despite 20% drop | Future Focus
Aug 16, 2024 at 01:01 pm
On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon interviews Vishal Sacheendran, Binance's Head of Regional Markets, to discuss the current state of the cryptocurrency market.
Binance exec insists bitcoin can recover despite 20% drop | Future Focus
On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon interviews Vishal Sacheendran, Binance's Head of Regional Markets, to discuss the state of the cryptocurrency market. Despite bitcoin being down over 20% from its all-time high of $73,000 reached in May, Sacheendran suggests that several potential bullish catalysts could drive a recovery.
Sacheendran expresses confidence that the current downturn in bitcoin and the broader cryptocurrency market doesn't signal a long-term negative trend. He points to several factors that could benefit the digital asset, including the anticipated start of a U.S. Federal Reserve rate-cutting cycle and the upcoming U.S. presidential election, where pro-crypto candidates like Donald Trump and Robert F. Kennedy Jr. are making waves.
Sacheendran also notes the increased synchronicity between traditional financial markets and the cryptocurrency market, highlighting the growing presence of institutional investors and the introduction of Bitcoin and Ethereum ETFs. He adds that market sentiment is optimistic, with the CME FedWatch tool showing a significant likelihood of a rate cut in September, which could further support a rebound in the cryptocurrency market.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Aureal One Price Unveiled: A closer look at this crypto coin presale and its potential
- Nov 24, 2024 at 10:25 pm
- The cryptocurrency market continues to evolve, drawing investors' attention to promising projects with significant growth potential. Aureal One has captured the spotlight with its much-anticipated presale.
-
- President-elect Donald Trump has chosen Scott Bessent, a prominent pro-crypto hedge fund manager, as his pick for Treasury Secretary.
- Nov 24, 2024 at 10:25 pm
- Known for his tenure as chief investment officer for billionaire George Soros and as the founder of Key Square Capital Management, Bessent is an outspoken advocate
-
- Rexas Finance (RXS): 4 Reasons Why This Revolutionary RWA Platform Could Fly to $44 in 12 Months
- Nov 24, 2024 at 10:25 pm
- Rising as one of the most fascinating crypto projects of 2024, Rexas Finance (RXS) closes the digital and physical worlds gap. Experts estimate Rexas Finance (RXS), currently valued at $0.08, could fly to an incredible $44 within the next 12 months as the globe shifts to tokenized assets. Let's delve into the four key reasons why the RXS coin will do this price action.
-
- Cryptocurrency Confusion: Are Meme Coins Redefining the Digital Finance World?
- Nov 24, 2024 at 10:25 pm
- In the dynamic and unpredictable world of cryptocurrency, there's no shortage of bold statements and intriguing developments. While certain leaders within the industry are focusing on market forecasts and potential booms, a deeper examination reveals significant factors impacting the lives of people and communities worldwide. Here, we delve into the less discussed aspects of this volatile landscape, exploring potential impacts and controversies.
-
- Shytoshi Kusama Highlights Shiba Inu's (SHIB) Position Among the Market's Top Performers
- Nov 24, 2024 at 10:25 pm
- Shytoshi Kusama, the anonymous lead spokesperson of the Shiba Inu (SHIB) ecosystem, has taken to Twitter to highlight the popular meme-inspired cryptocurrency's position among the market's top performers.