The price of Bitcoin fell below $95000 due to market panic selling and changes in expectations of a Federal Reserve rate hike. （Decrypt）
1. Federal Reserve's Schmid: Lowering Reserve Rate to Alleviate Liquidity Pressure 2. The People's Bank of China will carry out a reverse repurchase operation worth 800 billion yuan 3. After the US government reopened, the market sold off and gold prices fell 4. Guggenheim Chief Investment Officer: Economic slowdown may prompt Federal Reserve to cut interest rates in December 5. Alibaba collaborates with JPMorgan Chase to launch a tokenized payment system 6. US stock sell-off intensifies, with the S&P 500 index falling more than 1% three times in eight days 7. US Department of Justice Recovers $15 Million in Cryptocurrency from North Korea's Illegal Financial Activities The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/500530
Monitoring shows that a newly created wallet received 624.9 BTC worth approximately $58.93 million from BitGo, with an address of bc1qv4h7k0z53qq2f209dd45amuf7jrsrdqrp95pu6uzg84ewvjp7meqcyk3eu。 The funds flowed into the new wallet from BitGo, but the specific purpose is not yet clear. （Onchain Lens）
The 2-hour cycle K-line shows that BTC has formed a black three soldier pattern, with three consecutive bearish candlesticks gradually lowering the closing price, and member indicators clearly indicating a downward trend. At the same time, the price fell below the support of the EMA24 and EMA52 moving averages, with a downward slope of the double moving averages, further confirming downward pressure. The distribution of chips shows that there are multiple obstacles in the area of 101660-103012 above, and the current price is far away from the high volume node, lacking effective support. The trading volume has shrunk to recent lows, and market activity has significantly decreased, suggesting that selling pressure may continue. Although RSI has entered the oversold zone, the rebound needs to wait for the trading volume to recover. Pay attention to the key support of 93955, if it falls below, it will accelerate the downward trend. Member indicators accurately capture trend turning points, helping you stay one step ahead in your layout! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.
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[Atlanta Fed President Bostic Has Not Yet Decided Whether to Support a Rate Cut Next Month] Atlanta Federal Reserve Bank President Bostic stated that although he supported the last two rate cuts, he has not yet decided whether to endorse another rate cut next month. Speaking at an event in Seattle, he mentioned that he hopes to determine the most appropriate policy based on the data. Federal Reserve officials are divided on whether to continue cutting rates next month. So far this year, the Fed has cut rates by a total of 50 basis points, and the futures market indicates that the probability of another 25 basis point cut at the December 9-10 meeting is slightly below 50%. Bostic pointed out that employment and inflation are not currently moving toward their targets, with inflation being the more pressing economic risk.