Anaisomari
Thursday, February 9, 2023
Ledger - Crypto Beginners Pack
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop
No Result
View All Result
Anaisomari
No Result
View All Result

Bitcoin Cash Price Prediction Ahead of Fed Decision

September 21, 2022
in Bitcoin Cash
0

Bitcoin Cash price tilted upwards on Wednesday as investors waited for the upcoming interest rate decision by the Federal Reserve. BCH rose to $114.50, which was slightly higher than this week’s low of $106. Its market cap has moved to $2.1 billion, making it the 30th biggest cryptocurrency in the world.

Fed interest rate decision

The Federal Reserve is the most important institution in the financial industry. Besides, it is the only organization that has the mandate to print US dollars and raise interest rates.

Therefore, its actions are closely followed by investors worldwide. When the Fed embraces an easy-money monetary policy, investors flock to riskier assets like stocks and cryptocurrencies. On the other hand, when the bank decides to tighten, people flee these assets as they embrace risk-off sentiment.

This explains why Bitcoin Cash and other cryptocurrencies surged during the pandemic and why they have crashed in 2022.

Therefore, the next key catalyst for Bitcoin Cash price will be the upcoming interest rate decision by the Federal Reserve. On Wednesday, analysts expect that the bank will continue with its tightening policy in a bid to fight the soaring inflation.

Learn more about how to buy Bitcoin Cash.

Precisely, analysts expect that the Fed will deliver another jumbo rate hike of 0.75% for the third month straight. It will also commit to continuing with its quantitative tightening policy as it continues reducing its balance sheet.

Bitcoin Cash price tilted upwards towards the meeting. Other assets like BTC and American stocks also continued rising while bond yields slipped. The Dow Jones index rose by 110 points while the S&P 500 and Nasdaq 100 rose by 0.40%. At the same time, the 10-year bond yield dropped to 3.55% while the 2-year rose to almost 4%.

The main catalyst for the BCH price will be the accompanying statement by the Fed and its guidance on what it will do later this year.

Bitcoin Cash price prediction

The four-hour chart shows that the BCH price has bounced back in the past few days. It has managed to move slightly above the important resistance level at $111.12, which was the lowest level in July and September. It remains slightly below the 25-day and 50-day moving averages. The MACD has also moved below the neutral point.

Therefore, there is a likelihood that Bitcoin Cash will continue falling as sellers attempt to move below the important support level at $100.

This news is republished from another source.


Previous Post

Treasury warns against Russia’s efforts to evade sanctions with crypto

Next Post

#FlashbackFriday: Watch #Litecoin and #Bitcoin on Ice! – Latest Tweet by Litecoin

Next Post

#FlashbackFriday: Watch #Litecoin and #Bitcoin on Ice! - Latest Tweet by Litecoin


Name Price
bitcoin
Bitcoin (BTC)
$22,423.00
ethereum
Ethereum (ETH)
$1,608.16
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
binancecoin
BNB (BNB)
$317.57
usd-coin
USD Coin (USDC)
$1.00
ripple
XRP (XRP)
$0.388160
binance-usd
Binance USD (BUSD)
$0.99
cardano
Cardano (ADA)
$0.379069
dogecoin
Dogecoin (DOGE)
$0.086141


Crypto News

Payments Company Affirm Is Shutting Down Its Crypto Business – CoinDesk

February 8, 2023

Ethereum staking versus Bitcoin: Here's what you need to know – Proactive Investors UK

February 8, 2023

Cryptocurrency prices today: Rates of Bitcoin, Ethereum, Shiba Inu … – NewsBytes

February 8, 2023

Bitcoin

Bitcoin Nears the Vaunted 'Golden Cross' | Video – CoinDesk

February 8, 2023

No Result
View All Result

Pages

  • Latest Crypto News
  • Live Rates
  • Privacy Policy
  • Shop
  • Terms of Service

Tether

This February, Tether and VeChain Cryptos Are Looking To … – Deccan Herald

February 8, 2023

Solana

Brave Adds Support For Solana on iOS and Android – Decrypt

February 9, 2023

Brave Collaborates With Solana To Add Support For DApp On Mobile – Bitcoinist

February 8, 2023

Advertisement

  • Latest Crypto News
  • Shop
  • Privacy Policy
  • Terms of Service

© 2022 Anaisomari.com


No Result
View All Result
  • Crypto News
  • Bitcoin
  • Ethereum
  • NFT
  • DeFi
  • Blockchain
  • Metaverse
  • Altcoin
    • Tether
    • Solana
    • Binance Coin
    • Dogecoin
    • Polkadot
    • Terra
    • Cardano
    • Safemoon
    • Avalanche
    • Chainlink
    • Shiba Inu
    • Litecoin
    • Bitcoin Cash
  • Live Rates
  • Shop

© 2022 Anaisomari.com


  • bitcoinBitcoin(BTC)$22,423.00-3.54%
  • ethereumEthereum(ETH)$1,608.16-4.08%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.000.21%
  • binancecoinBNB(BNB)$317.57-4.21%
  • usd-coinUSD Coin(USDC)$1.00-0.54%
  • rippleXRP(XRP)$0.388160-3.23%
  • binance-usdBinance USD(BUSD)$0.99-0.51%
  • cardanoCardano(ADA)$0.379069-4.83%
  • dogecoinDogecoin(DOGE)$0.086141-6.81%
  • matic-networkPolygon(MATIC)$1.24-2.24%
  • okbOKB(OKB)$43.60-4.60%
  • solanaSolana(SOL)$22.07-7.48%
  • staked-etherLido Staked Ether(STETH)$1,610.58-3.79%
  • polkadotPolkadot(DOT)$6.53-5.90%
  • shiba-inuShiba Inu(SHIB)$0.000013-9.26%
  • litecoinLitecoin(LTC)$95.65-5.34%
  • avalanche-2Avalanche(AVAX)$19.22-7.17%
  • tronTRON(TRX)$0.065099-1.46%
  • daiDai(DAI)$1.000.17%
  • uniswapUniswap(UNI)$6.51-6.39%
  • cosmosCosmos Hub(ATOM)$14.48-3.68%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,520.00-2.93%
  • chainlinkChainlink(LINK)$6.91-3.82%
  • ToncoinToncoin(TON)$2.24-5.25%
  • leo-tokenLEO Token(LEO)$3.33-1.19%
  • ethereum-classicEthereum Classic(ETC)$21.80-5.49%
  • moneroMonero(XMR)$162.74-2.90%
  • bitcoin-cashBitcoin Cash(BCH)$127.89-5.46%
  • stellarStellar(XLM)$0.088637-3.57%
  • AptosAptos(APT)$13.97-13.37%
  • lido-daoLido DAO(LDO)$2.630.59%
  • nearNEAR Protocol(NEAR)$2.480.01%
  • crypto-com-chainCronos(CRO)$0.080646-3.47%
  • apecoinApeCoin(APE)$5.47-9.06%
  • filecoinFilecoin(FIL)$5.12-7.88%
  • quant-networkQuant(QNT)$134.71-4.64%
  • algorandAlgorand(ALGO)$0.269622-3.90%
  • hedera-hashgraphHedera(HBAR)$0.071082-3.89%
  • vechainVeChain(VET)$0.024706-6.95%
  • internet-computerInternet Computer(ICP)$5.48-6.00%
  • the-graphThe Graph(GRT)$0.167610-16.01%
  • the-sandboxThe Sandbox(SAND)$0.78-10.96%
  • fantomFantom(FTM)$0.495185-15.03%
  • axie-infinityAxie Infinity(AXS)$11.38-2.44%
  • decentralandDecentraland(MANA)$0.72-8.94%
  • aaveAave(AAVE)$82.51-6.69%
  • eosEOS(EOS)$1.05-5.93%
  • elrond-erd-2MultiversX(EGLD)$44.12-8.01%
  • flowFlow(FLOW)$1.08-10.09%