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Ethereum (ETH) made quite a recovery today, registering more than 3% gains in the daily charts at one point. ETH’s price hit $4368.07 earlier today, but has since fallen to $4301.80. According to CoinGecko’s ETH data, the second-largest crypto by market cap is currently up by 2.9% in the daily charts, 17.5% in the 14-day charts, 16.9% in the monthly charts, and 65.9% since August 2024. Source: CoinGecko Will Ethereum’s Price Gain Steam After The Fed’s Jackson Hole Meeting? Source: Watcher.Guru The Jackson Hole Economic Policy Symposium, or simply the Jackson Hole meeting, is an annual meeting organized by the Federal Reserve Bank of Kansas City. This year, the meeting is scheduled to take place from Aug. 21–23, 2025. The meeting is closely watched by investors as it often gives clues about future policy directions. The discussions of the meeting can influence global markets. Ethereum’s latest price rally comes just ahead of this year’s Jackson Hole me...

VeChain (VET) follows the general crypto market trend, facing a significant correction over the last few days. The asset is down 1% in the daily charts, 15.8% in the weekly charts, and 3.6% in the 14-day charts. VET has maintained some gains in the monthly and yearly charts, rallying 8.5% and 34.6%, respectively. In this price prediction article, let’s discuss how high VET may go over the coming weekend. Source: CoinGecko Also Read: Ripple: Bitwise Filing Ignites XRP’s Bullish Potential, Data Shows Why Is The Asset’s Price Dipping? VeChain (VET) is following Bitcoin’s (BTC) trajectory. The original cryptocurrency briefly fell below $60,000 but has since reclaimed the $61,000 level. BTC’s decline is likely due to fears arising from geopolitical tensions in the Middle East. Iran’s attack on Israel may have spooked investors, leading them to redirect funds from risky assets, such as cryptocurrencies. VeChain Weekend Price Prediction According to CoinCodex anal...

With all eyes on the US Federal Reserve’s September meeting, they have officially opted to pause interest rate hikes for a second consecutive meeting. Indeed, the agency has placed the hike on hold for the time being, with projections set to determine whether or not future hikes will be necessary. BREAKING: 🇺🇸 Federal Reserve pauses interest rate hikes, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) September 20, 2023 From March 2022 to 2023, the Fed raised Interest Rates in 10 consecutive meetings. These increases ranged anywhere from 25 basis points, to 50 basis points. Yet, in June, the Fed opted to pause that year-long tightening policy, an action that has been replicated by officials today. Also Read: Federal Reserve to Take “Slow and Steady “ Approach to CBDC Federal Reserve Keeps Interest Rates Steady For more than a year, the Federal Reserve has fought persistent inflation in the United States. The agency ...

Bank of America Global Research recently stated in a note that they anticipate the Federal Reserve raising interest rates to 6%. Not just for the US but for other countries throughout the world as well, rising inflation has been a worrying problem. Global central banks have been working hard to contain rising inflation and avert the threat of a recession. Also read: Crypto and SEC: Here’s How the SEC Brought its Crackdown Game in February 2023 The Fed has been boosting Interest Rates to bring inflation under control. However, the recent speculation by Bank of America is higher than the earlier expected interest rate of 5.4% by traders. JUST IN: 🇺🇸 Bank of America says Federal Reserve may increase interest rates to almost 6%. — Watcher.Guru (@WatcherGuru) February 28, 2023 Bank of America says strong US consumer demand will force interest rate hike According to Bank of America, the possibility of a rise in interest rates is likely due...

Cardano price appears to have triggered massive sell positions after it failed to rise above resistance at $0.4400. The smart contract platform bowed to increasing overhead pressure as investors locked in profits. ADA must reclaim immediate support at $0.4000; otherwise, its leg may stretch to $0.3730 before bulls get another chance to push prices higher again. Cardano Price Trading Volume Explodes Ahead of The Fed's Interest Rate decision The US Fed (Federal Reserve) will announce the much-awaited interest rate decision on Wednesday. Market participants are waiting with bated breaths to see whether the regulator will continue the interest rate hike streak that has lasted for months this year amid calls to control inflation. A 0.75% increase in interest rates would mean tougher times ahead, with investors likely staying clear of riskier assets like cryptos. However, the crypto market has become resilient over the past few months. Hence, massive price drops rema...

Bitcoin bulls celebrated BTC’s push through a long term trendline resistance, but has anything actually changed? On Oct.4 and Oct. 5 Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to Apr. 22, or Nov. 15 depending on one’s style of technical Analysis . Some traders might be feeling a bit celebratory now that price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point-of-view for Bitcoin price? In reality, BTC price simply “consolidated” its way through the trendline by trading in a sideways manner where price has been range bound between $18,500 and $24,500 for the past 114 days. BTC/USDT. Source: TradingView Direction-wise, Bitcoin and Ether tend to trade in tandem with equities and BTC’s Oct. 4 rally to $20,365 comes as the Dow, S&P 500 and Nasdaq closed the day with 2% to 3% gains. BTC, ETH and S&...