The feeling of Crypto Market returned to Neutral, where the markets showed signs of recovery on Thursday after a brief decrease in the “fear” area when Bitcoin decreased to $ 112,000 the day before.
However, analysts rushed to warn that more fluctuations await us.
Bitcoin (BTC) He falls To 112,350 dollars on the latter of trading on Wednesday, which represents a 10 % correction of its peak in August with more than $ 124,000, and the Bitcoin Fear & Greed index went to 44, its lowest level in two months.
However, recovery has been started since then, and the recovery of the level of 114,500 dollars during early trading on Thursday, According to To TradingView, which improved feelings. The index has now turned into a neutral, with a classification of 50.
“As expected, the encryption markets began to recover,” He said Blockchain analysts in Santint, who warned, “Watch more Vood” and “The markets are moving for the crowd’s expectations.”
Also specific Many encryption assets that showed an increasing level of social attention, including Bitcoin, Tether (USDT), XRP (XRP), Cardano (ADA), and mysterious memecoin called SNEK.
Feeling feelings like flame
“One of the most fun aspects of Bitcoin is feelings. It is like flame. One moment of euphoria, after moments of panic. Many bitcoin exchanged hands through these feelings,” He said Bitcoin businessman and President Trump’s consultant for encryption David BillyThose who advised to enlarge and stay focus.
Related to: The retail sale has moved from ascending to “Ultra Hanpish”, where Bitcoin fell to $ 113,000
“The encryption prices have lived water during the past week, as the total factors added the opposite winds in the short term,” said Augustine Van, the president of the visions company at Crypto Trading Software Signalplus, to Cointelegraph.
She added that US Treasury Secretary Scott Payette “are observers disappointed by saying that the government will not buy any BTC for more BTCON Reserves,” although Bessent It seems that retreat Those notes in hours after hours.
The total market value has been recovered to reach $ 3.96 trillion after earning 2 % over the past 24 hours; However, more fluctuations may pass this week.
All attention to the Federal Reserve Chair letter in Jackson Hall
Investors Waiting impatiently Federal Reserve Chairman Jerome Powell Khattab at the Jackson Hall conference on Friday, which historically transferred the markets.
“Markets for Jackson Hole is preparing for Powell’s tone can defeat stocks and encryption,” I mentioned Bitcoin Bitgo solutions on Wednesday.
The markets were running at the forefront of the possibility of a Powell hunting without any discounts in September, but if “it comes in soft and tends to be the price cuts, then we are exposed to turbo.” Stuck Author Jason Williams on Wednesday.
“Jackson Hall will form the trend of encryption forward,” He said The CNBC Neuer merchant ran before adding, “Trump is pushing to reduce a rate for a good reason … but will he listen to Powell?”
Future Future CME FED monitoring tool is currently to predict Expectations A 82 % chance to reduce average on September 17, although the number decreased.
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