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Bitcoin traders are predicting flash BTC price moves despite almost unanimous market predictions as to what the Fed will do next.
The movement is the latest in a trend of early buyers and holders moving their tokens to new wallets after several years of inactivity.
The market is waiting for the Fed’s next move, or clarity around an ETF, say analysts
DOGE jumped 10% on Tuesday, its biggest single-day percentage gain since April 3.
Even with a price correction to $29,000, several Bitcoin price metrics show traders casting bets on a quick rebound.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting the Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH’s technical and on-chain indicators point toward further downside, but there is a silver lining.
- 20:01Bitget Launches USDT-Margined MYX and LAUNCHCOIN Perpetual ContractsOn May 14, Bitget announced the launch of U-based MYX and LAUNCHCOIN perpetual contracts, both with a leverage range of 1-20x, and contract trading BOT will be opened simultaneously.
- 20:01The three major U.S. stock indexes opened higher, while cryptocurrency stocks slightly declinedBlockBeats News, on May 14, the US stock market opened with the Dow Jones up 0.1%, the S&P 500 index up 0.18%, and the Nasdaq up 0.3%. Cryptocurrency stocks slightly declined, among them: MicroStrategy (MSTR) down 0.43% CEX up 0.57% MARA Holdings (MARA) down 0.76% Riot Platforms (RIOT) down 1.44%
- 20:00Federal Reserve Vice Chair: Current Policy Rate is Well Positioned, Tariffs May Lead to Rising InflationBlockBeats News, on May 14, Federal Reserve Vice Chair Jefferson stated that the current moderately restrictive policy rate is well-positioned to respond to changes in economic development. Tariffs may lead to rising inflation, and it remains uncertain whether their impact is temporary or persistent.