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- 🌕 Gate Square · Creator Incentive Program Day 10 Topic– #Fed Cuts Rates By 25 Bps# !
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🔥 Day 10 Hot Topic: Fed Cuts Rates By 25 Bps
The Fed lowered its benchmark rate by 25 basis points to 4.00%–4.25%, in line with market expectations. This marks the restart of the rate-cut cycle since the pause last December. Lower rates often boost liquidity and risk appetite, which could be - 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
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✨ You’re not alone—join #GateNewbieVillage# today! - 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Analyst il Capo, Evaluates Bitcoin and Altcoins After Recent Developments, Declares Situation 'Bear Trap'! Announces Buying Two Altcoins!
Cryptocurrency analyst il Capo discussed the latest evaluation on the price of Bitcoin in his statement.
The price of BTC has been showing a downward trend for a while and has dropped to as low as $92,000 at the moment. At the time of writing, it is trading at $93,475.
The analyst who spoke about the decline claimed that this whole decline wave seemed like a 'bear trap' and it aimed to shake off most people before a strong bull move for altcoins. The analyst added that he continues to be patient.
On the other hand, il Capo stated in his statement during the fall yesterday that he added more ENA and ZEUS altcoins to his portfolio at current levels. The analyst added that ENA price is in a similar demand/support zone as BTC and believes it will bounce. At the time of this statement, the price of the altcoin, which was trading around $0.88, is currently trading at $0.895 as of the time of writing.
The analyst believes that the range between $90,000 and $92,000 is a strong demand/support zone for Bitcoin.