Overall, as everyone expected, we had a key rate cut. However, as I told you, with a 25-basis cut, we expect only a slight increase, given that this was already priced into the market.
There was some volatility due to expectations, and BTC spiked above $94,000, but as of now, we've returned back to the $90,000 region.
We likely won't see any major price movements by the end of the year; everyone is slowly starting to prepare for the holidays and relax.
For now, I'm leaning toward a sideways range of $90,000 - $94,000 without any major moves, but I'm still expecting a bullish scenario to develop, which will likely only happen early next year. #btc $ETH #usdt #ltc #sol #xrp $GT $GUSD
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deltapro
· 12-11 07:11
The Kingdom of Bhutan is launching a government initiative to tokenize gold.
Authorities announced the issuance of the TER token on the Solana blockchain—a fully physical gold-backed asset from the Gelephu Mindfulness City economic hub.
The Fed cut rates for the third time in a row.
Overall, as everyone expected, we had a key rate cut. However, as I told you, with a 25-basis cut, we expect only a slight increase, given that this was already priced into the market.
There was some volatility due to expectations, and BTC spiked above $94,000, but as of now, we've returned back to the $90,000 region.
We likely won't see any major price movements by the end of the year; everyone is slowly starting to prepare for the holidays and relax.
For now, I'm leaning toward a sideways range of $90,000 - $94,000 without any major moves, but I'm still expecting a bullish scenario to develop, which will likely only happen early next year.
#btc $ETH #usdt #ltc #sol #xrp $GT $GUSD