Aurelia Butler

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  • 125 Shares179 Views

    in Cryptocurrency

    BTC to $300,000? Top Trader Delivers Epic Bitcoin Price Prediction

    So, as the trader explains in his latest post, the major cryptocurrency currently shows a step-like formation – a pattern, which is characterized by a series of price consolidations followed by upward movements, resembling steps in an ascending trend.Amid this formation, which looks a bit like a famous “cup with handle” bull pattern, van Lagen spots an ascending broadening wedge at the potential pre-breakout stage. This technical pattern is worth paying attention to because it breaks to the upside 79% of the time, according to van Lagen, and 67% of the time, it leads to a continuation of the prior trend.Based on this analysis, the target price for Bitcoin set by the trader is an impressive $300,000 per BTC, which is a 472.44% increase from current levels. This price target shows how much potential there is for growth, which fits with van Lagen’s optimistic view of the future of cryptocurrency.Meanwhile, on the shorter time frame, the price of Bitcoin has been hovering around $63,500 per BTC for the past four days. Interestingly, this price range aligns with the 200-day simple moving average, a key technical indicator that has proven to be a tough barrier.As Bitcoin has struggled to break above this moving average, traders would be wise to watch closely for signs of a breakout from here and out of the wedge pattern thereafter.This article was originally published on U.Today More

  • 200 Shares189 Views

    in Cryptocurrency

    W3GG Token to be Listed on Gate.io, MEXC, and Uniswap, Leading the Future of Web3 Gaming

    W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG, on Gate.io, MEXC, and Uniswap, marking a milestone in its mission to redefine the gaming industry through Web3 technology. The listing is scheduled to go live on 25th September 2024 at 10am UTC, offering users access to a project at the intersection of blockchain and gaming.W3GG and the Future of Web3 GamingAccording to the team, the gaming industry, which is projected to reach $125 billion by 2032 according to Global Market Insights, is undergoing a shift with the rise of Web3 gaming. Web3 is changing how gamers interact with the digital world by promising digital asset ownership and earnings opportunities within games. The W3GG protocol acts as a part of this transformation by offering players ownership of in-game assets and empowering developers to try and reward users directly.W3GG’s decentralised gaming protocol allows gamers the chance to earn blockchain-based rewards, with the intention that contributions like in-game achievements, time spent, and community building are recognized and rewarded. Furthermore, the W3GG token offers gamers the ability to engage and shape the future direction of the ecosystem.Expanding Market ReachThe listing of $W3GG on Gate.io, one of the top 10 global exchanges by trading volume, and MEXC, another global exchange known for its focus on emerging blockchain projects, ensures that the token will be available to a wide and diverse user base. Additionally, the decentralised nature of Uniswap allows users to trade $W3GG seamlessly and directly, providing the ability for liquidity and ease of access for decentralised finance enthusiasts.Position in the Web3 Gaming EcosystemAccording to Delphi Digital, Web3 games and metaverse projects raised nearly $673 million from January to June 2024, underscoring the rapid evolution of this space.W3GG, with its decentralised gaming protocol, and growing ecosystem of over 70 different web3 games, is hoping to capitalise on this growth. The protocol’s native token aims to not only fuel in-game transactions and rewards opportunities, but also enable users to participate in the governance and future direction of the platform. By leveraging the potential of blockchain technology, W3GG is aiming to establish itself as a key player in this multi-billion-dollar market.Token Utility and GovernanceThe $W3GG token will serve as the core utility token of the ecosystem:For more information, readers can visit w3gg.ioContactHead of Marketing and CommunityJoyal [email protected] article was originally published on Chainwire More

  • 38 Shares129 Views

    in Economy

    Deutschland, der Pechvogel

    Save over 65%$99 for your first yearFT newspaper delivered Monday-Saturday, plus FT Digital Edition delivered to your device Monday-Saturday.What’s included Weekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysis More

  • 125 Shares99 Views

    in Economy

    China threatens Calvin Klein owner with blacklist over Xinjiang cotton

    Save over 65%$99 for your first yearFT newspaper delivered Monday-Saturday, plus FT Digital Edition delivered to your device Monday-Saturday.What’s included Weekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysis More

  • 113 Shares179 Views

    in Economy

    Fed’s Bowman: Lingering inflation risks warrant more cautious cuts

    WASHINGTON (Reuters) – U.S. Federal Reserve Governor Michelle Bowman said on Tuesday key measures of inflation remain “uncomfortably above” the Fed’s 2% target, warranting caution as the Fed proceeds with cutting interest rates.Bowman said she agreed that progress on lowering inflation since it peaked in 2022 means it is time for the Fed to reset monetary policy.But she dissented to last week’s half-point rate reduction in favor of a more “measured” quarter-point cut because “the upside risks to inflation remain prominent,” including global supply chains at risk of strikes and other disruption, aggressive fiscal policy, and a chronic mismatch between housing supply and demand. “The U.S. economy remains strong and core inflation remains uncomfortably above our 2% target,” Bowman said in comments prepared for delivery at a Kentucky Bankers Association convention in Virginia.”Core” inflation refers to the Personal Consumption Expenditures price index stripped of food and energy costs, which Fed officials consider a good guide to overall inflation trends and which Bowman said she expects was running still at around 2.6% through August. Inflation data for August will be released on Friday. “I preferred a smaller initial cut in the policy rate while the U.S. economy remains strong and inflation remains a concern,” Bowman said. “I cannot rule out the risk that progress on inflation could continue to stall.”After holding the benchmark rate of interest steady for 14 months in a range between 5.25% and 5.5%, the Fed last week in an 11 to 1 vote cut it to the 4.75% to 5% range.Bowman’s dissent was the first by a member of the Fed’s Board of Governors since 2005. While she said she was prepared to support further cuts if incoming data showed the job market weakening, she argued that wage growth and the fact that there were still more open jobs than available workers suggested the labor market remained strong overall. “I continue to see greater risks to price stability, especially while the labor market continues to be near estimates of full employment,” with the unemployment rate at 4.2%, she said.She said she worried that fast rate cuts might also unleash “a considerable amount of pent-up demand and cash on the sidelines,” possibly fueling inflation again, while monetary policy may also not be as restrictive as some Fed officials believe. More

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    in Economy

    US monthly house prices edge up in July

    House prices gained 0.1% on a month-on-month basis after being unchanged in June, the Federal Housing Finance Agency said on Tuesday. They increased 4.5% in the 12 months through July, the smallest rise since June 2023, after an upwardly revised 5.3% advance in June. The rise in annual house prices was previously reported to have been 5.1%.”For the third consecutive month U.S. house prices showed little movement,” said Anju Vajja, deputy director for FHFA’s Division of Research and Statistics. “Gradually declining mortgage rates and relatively flat house prices may improve housing affordability.”Mortgage rates have dropped to more than 1-1/2-year lows and could decline further after the Federal Reserve last week cut its benchmark overnight interest rate by 50 basis points to the 4.75%-5.00% range. With lower borrowing costs expected to stimulate demand, which could outstrip supply, an outright decline in house prices is unlikely. Previously owned houses remain in short supply in many regions even though national inventory has been increasing.There were solid monthly house price increases in the Pacific, Mountain, East North Central and New England regions. House prices fell on a monthly basis in the West South Central, East South Central and South Atlantic regions.All nine census regions recorded annual house price gains, with big increases in the Middle Atlantic, East North Central, New England and East South areas. Prices in the West South Central region lagged with a 1.6% increase. More

  • 175 Shares159 Views

    in Cryptocurrency

    Bitcoin price today: flat at $63.6k as rebound peters out, more Fed cues awaited

    The world’s biggest cryptocurrency had risen after the Federal Reserve cut interest rates last week and announced the start of an easing cycle, with lower rates presenting better prospects for crypto.But this momentum slowed as markets sought more cues on how much the Fed will cut rates further. Broader sentiment towards crypto also remained weak amid waning retail demand and an uncertain regulatory outlook.Bitcoin remained steady at $63,625.0 by 08:30 ET (12:30 GMT). While Bitcoin has witnessed a significant resurgence after dipping below $54,000 earlier this month, analysts from cryptocurrency exchange Bitfinex remain cautious, saying a full bullish reversal has yet to be confirmed.In a note seen by CoinDesk on Tuesday, the analysts highlighted that Bitcoin needs to surpass the August high of $65,200 to signal the end of its prolonged downtrend, which has been marked by lower price highs since March.”BTC is now within touching distance of the Aug. 25 top of $65,200. The reason this level is important is because since the all-time high of $73,666 was reached on March 14th, BTC has still not managed to eclipse a single high before a local/new bottom was formed. This qualifies for the technical definition of a downtrend,” the note explained.”This implies that the August 25th local high at $65,200 before our September 6th local bottom holds a lot of significance from a higher time frame perspective,” it added.A solid move above this level would indicate the end of the interim downtrend and mark a continuation of the broader uptrend from October 2023, when Bitcoin was trading below $30,000.Despite the recent price rise, the flattening of the cumulative volume delta indicator since Bitcoin crossed $63,500, suggests a slowdown in spot market buying, offering a reason for caution, Bitfinex points out. The cumulative volume delta tracks the net buying and selling volumes on centralized crypto exchanges over time.Data from digital assets manager CoinShares showed on Monday that crypto investment products logged a second straight week of capital inflows, amid optimism over the Fed’s rate cut.Inflows amounted to $321 million last week, slowing from the week prior. Bitcoin was the primary focus of the inflows, but short-Bitcoin positioning also increased. Ether clocked a fifth straight week of outflows, while most other altcoins logged mild inflows. But despite the two weeks of inflows, overall capital inflows and trading volumes were at a fraction of those seen earlier this year, as sentiment towards crypto remained weak. The prospect of a tight U.S. presidential race also presented an uncertain outlook for crypto, given that only Republican presidential candidate Donald Trump has presented a pro-crypto stance. Democratic nominee Kamala Harris is widely expected to continue the Biden administration’s crackdown against crypto.Broader crypto prices tracked Bitcoin’s underwhelming performance, with the world no.2 crypto Ether slipping 0.2% to $2,642.99.XRP, SOL, and MATIC moved in a flat-to-slightly high range, while ADA outperformed, rising 5%.Among meme tokens, DOGE added 2.6%. Traders remained mostly cautious before addresses from a slew of Fed officials this week- most notably Chair Jerome Powell.PCE price index data- the Fed’s preferred inflation gauge- is also due on Friday.Ambar Warrick contributed to this report.  More