Crypto coins remained under pressure during the weekend even after Donald Trump announced his plans for a Strategic Bitcoin Reserve (SBR) and held the first crypto summit in Washington. Bitcoin’s price has crashed below $83,000, while the valuation of most coins has dropped to $2.7 trillion.
Cryptocurrency prices face a perilous recovery path now that the fear and greed index has dropped to the fear zone. However, three potential catalysts could move prices higher in the coming days. TheUS dollar index (DXY) has crashed from $110 earlier this month to $103.5 today, signaling that the Fed may start to cut interest rates earlier.
Second, the Lunar Eclipse will happen this week, which may lead to some changes in the market. One crypto analyst believes that the ongoing crypto crash will happen after this Lunar Eclipse ends citing the Saturn conjunct.
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under...
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under...
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector that is currently under...