after the release of Fed rate hike decision, which is strengthening the US Dollar and ultimately causing a drop in the price of BTC, the Bitcoin price forecast has turned bearish. Bitcoin price reached a high of $18,400 before reacting negatively. Now, BTC is trading near an important support with a potential rally above $17,550 if the price moves above it.
Global crypto market cap It fell 1.42% to $857.98 billion on the previous day as the leading cryptocurrency fell early on Dec. 15. The overall cryptocurrency market volume in the last 24 hours is $45.67 billion, a decline of 14.40%.
The total DeFi volume currently stands at $2.94 billion, which is 5.49% of the entire 24-hour volume in the crypto market. The total volume of all stable coins is now $53.26 billion, which is 99.53% of the total 24-hour volume of the crypto market.
US Fed interest rate decision is announced
Federal Reserve Board voted on Wednesday raise interest rates An increase of 0.5 percentage points, less than in recent months. After an extraordinary year that included raising rates seven consecutive times as part of an aggressive push to try to bring down the highest inflation since the early 1980s, the central bank decided to switch gears and raise rates. Have done
The rate hike approved by the Federal Reserve on Wednesday was less than four consecutive three-quarter point hikes approved at previous Fed meetings, but it was still more than twice as large as the central bank’s customary quarter-point hikes, and it will likely worsen the rate hike. Financial damage to millions of American businesses and households from increased borrowing costs.
Fed officials have decided to raise the rate that banks charge each other for overnight lending to a range of 4.25-4.5%, the highest rate since 2007.
The Federal Reserve also released its long-awaited Summary of Economic Estimates, also known as a dot plot. These projections reveal where each of its 19 leaders expect interest rates to go in the future, and investors look to them for signs of rate hikes in the coming year and beyond.
The average “dot” for federal funds rates in December forecasts rose to a new high of 5-5.25% from 4.5-4.75% in September, indicating a more aggressive tightening path for monetary policy. This would mean that the Federal Reserve Board is now planning to raise interest rates by 0.5 percentage points, higher than the previous estimate made three months ago.
bitcoin price
current price of bitcoin $17,725, and a 24-hour trading volume of $26 billion. BTC price is down about 0.20% since yesterday.
Bitcoin is currently trading bearish despite there being a break above the key resistance near $18,150. However, after the Fed rate hike announcement, bitcoin fell below the $18,000 mark. This indicates that the selling trend may continue.
Key technical indicators such as Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are currently positive, which means that bitcoin price could move higher after completing the Fibonacci retracement level at $17,440.
The next major resistance for bitcoin is near the $18,125 level, and a break above this level could open further gains and take the price to $18,600.
On the downside, the $17,440 level could act as a support for BTC price. This level has previously acted as a barrier, and it is likely to sustain BTC’s bullish trend. On the other hand, a bearish crossover below this level could drag BTC price towards the $16,850 level.
Dash 2 Trade (D2T) – Presale in final stages
The project said today that it will begin a countdown to its initial listing on a centralized exchange once the token sale completes the $10 million milestone. If the $10 million target is met before the completion of the Phase 4 pre-sale, Dash 2 Trade will list DASH on the CEX at the end of the pre-sale.
Changelly Pro, lbankAnd BitMart is the first centralized exchange that agreed to list the token immediately after the presale ends, so this news comes after the official confirmation of the third CEX listing agreement made by the crypto project.
On Thursday, December 15th at 17:00 UTC, Trevor Main, Community Manager of Dash2Trade, will have an AMA (Ask Me Anything) on Coinsniper Telegram.
Calvaria (RIA)
calvaria (RIA) is a blockchain-based game that allows players to collect, trade, and battle NFT-based cards. It is a play-to-earn game that allows users to play without any cryptocurrency, which could allow it to reach a wider audience.
The RIA will be used to purchase in-game items and place bets within its ecosystem, giving it a strong use case. The pre-sale for the token has just raised over $2.4 million and is currently in its fifth phase, which is its final phase.
Robotera (Tarot)
robot era (TARO), another Ethereum-based platform, is a sandbox-style metaverse that will allow gamers to play as robots and contribute to building its virtual world. This includes the creation of NFT-based land, buildings, and other in-game items, as well as the game’s goal of allowing players to connect to other metaverses and create an interoperable multiverse.
1 TARO is currently being sold for 0.020 USDT (it can be bought with USDT or ETH), but this price will increase to $0.025 in the second phase of its pre-sale. It has already raised over $553,000.
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