Bitcoin remains steady amidst rising inflation concerns and meetings held by the
Federal Reserve. Investors monitor Bitcoin's performance ahead of PMIs, while
Binance plans to convert Monero and Bitcoin Gold to USDC and
delist Loom Network. Decisions following Nvidia earnings see a reversal in the Dow Jones trend and a surge in Bitcoin during a Trump rally. Bitcoin ETFs witness a $400 million outflow as inflation concerns persist in the US. Meanwhile, Tesla's jump prompts a rise in the S&P 500 and Nasdaq as Nvidia earnings are on the horizon.
Ethereum price surges due to increasing investor interest. Binance further announces plans to delist XEM, ORBS, and LOOM perpetual contracts. Ripple's fight with SEC nears a significant juncture as key changes are foreseen.
Loom Network's price prediction for 2024 looks promising after a busy Q4. Cryptocurrency thefts increase in 2024, while considerable risks from AI emerge for 2025 with crypto markets under strain due to $2B worth altcoin token unlocks and $11B Bitcoin distribution. Bitcoin demand shocks anticipated for 2025 as institutional interest surges. Analysts project a fall in Bitcoin to $40K level owing to looming Fed rate cuts. Major events in September may prove pivotal for Bitcoin. Altcoin selling pressure is expected with the scheduled unlock of $500M in tokens. SEC's crypto strategy could potentially undergo significant changes. Bitcoin exceeds $66K as interest-rate cuts impend under the Trump administration. Potential timelines for SOL, XRP, and LTC ETF approvals explained following Trump's election. Cryptos plunge as stock market drops, with US data boosting yields. Also, jobless claims and GDP data in the US impact Bitcoin.
LOOM Coin's performance has been volatile with significant ups and downs, a trend that may persist given the overall state of the crypto market.
LOOM Coin News Analytics from Fri, 07 Dec 2018 08:00:00 GMT to Sat, 11 Jan 2025 19:32:03 GMT -
Rating 1
- Innovation -7
- Information 5
- Rumor 0
