Crypto News Sentiment
Updated: 1 month and 21 days ago
Title: Bitcoin Hits Major Inflection Point As Rising Wedge Breaks
Bitcoin has broken through a rising wedge pattern, driving prices into a key support zone. This move comes after a significant post-all-time-high (ATH) drawdown of over 33%, a level often associated with prolonged weakness and increased volatility. The market now awaits a decisive outcome as technical pressures meet a historically significant threshold.
Ripple's Struggle: Market Timing or Internal Flaws? Ripple faced a decline in its cryptocurrency value despite two ETFs being listed on the New York Stock Exchange. The drop in XRP price below $2 has raised questions about whether the market reaction was due to poor timing or inherent issues within Ripple.
Retail Sales Growth Slows The U.S. retail sales growth is forecasted to decelerate to 0.4% in September from 0.6% in August, indicating that rising prices are beginning to impact consumer spending.
Futures and Betting Markets Anticipate Fed Rate Cut Prediction markets suggest a likelihood of a quarter-point interest rate cut by the Federal Reserve at its December meeting, despite mixed economic data and internal disagreements among policymakers.
