Bitcoin Price Poised for Breakout: Key Insights from Analysis
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By Smilezcryt · Posted
The cat and dog memes have really come a long way, and lots of people relate to this project. $CATE caught my eye when I saw its listing on Bitget, and so far, the price trend is good currently looking for a entry -
By cryptomaga · Posted
Is very obvious that dogs and cats are the best friend to human considering these are the most prominent meme communities in the crypto space. Well toad, rabbit, ****, bull etc all tried but Cats and Dogs meme remain top community. The love for this two can be traced to the pioneering pet of Atsuko Sato (Cat and Dog), the dogs inspired Shiba inu and doge. Now, the Cats meme communities are pushing for the exposure of “Cate” known as the Kabosu Mama. They believe that CATE isn’t just any cat but a legendary meme feline that has been the best friend to the famous $DOGE and now extends a paw of friendship to $NEIRO. Currently, $CATE is trending after many top exchanges listed the meme. I wonder if this might be the next doge or shiba but considering its tokenomic and total supply I think is worthy to add to watchlist. Also considering this is related to the Sato family will it become the top cat community meme? -
By Cryptowarrior · Posted
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, remained steady around the $58,000 mark over the weekend. This stability comes as a contrast to other popular altcoins like Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), which all experienced declines. The Market Fear & Greed Index reflected this sentiment, standing at 39 out of 100, indicating a state of "Fear" in the market. Among the altcoins, Nervos Network (CKB) emerged as the biggest gainer with a 5% increase over the past 24 hours. On the other hand, Bittensor (TAO) saw the steepest decline, with a 9% drop in the same period. What to Expect from the September Fed Meeting Fed Meeting Overview The US Federal Reserve’s meeting on September 17-18 is expected to announce an interest rate cut on September 18. The market predicts a higher chance of a 50 basis points (bps) cut compared to a 25 bps cut. Data from CME FedWatch and Polymarket shows a strong likelihood for a 50 bps reduction. Historical Context This will be the first rate cut since March 2020. Previous rate cuts have historically benefited Bitcoin, as seen with the 2021 bull run. Potential Impact on Bitcoin Short-Term Outlook Doctor Profit, a crypto analyst, warns of potential short-term declines in Bitcoin if the Fed announces a rate cut. Market uncertainties, like geopolitical issues, could increase volatility. He advises careful risk management during this period. Long-Term Forecast Doctor Profit remains positive about Bitcoin’s long-term outlook. He expects Quantitative Easing (QE) to increase market liquidity, benefiting Bitcoin. Additionally, liquidity from FTX creditors in Q4 could further support Bitcoin’s price. Future Rate Cuts Citi analysts forecast a total Fed rate cut of 1.25% this year. Further rate cuts may follow the September meeting, impacting Bitcoin and the broader crypto market.
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