Major events including
elections and decisions from the Federal Reserve have been causing significant movements in the cryptocurrency market, with all eyes particularly on Bitcoin.
Market volatility is expected in the wake of these events, and traders are predicting impactful price actions.
Binance has also made a notable announcement that they will be converting
Monero and
Bitcoin Gold to USDC and delisting
Loom Network. Bitcoin is now inching towards record highs as U.S. elections loom, a scenario that is also amplified by potential Fed rate cuts. Meanwhile, altcoins are experiencing immense selling pressure with token unlocks worth $500M scheduled this week. The
Loom Network is taking prominence as its price surges another 200%, hoping to reach $1 soon. Despite this initial surge, the overall picture remains uncertain as analysts predict Bitcoin to fall to $40K levels. Regulators too are ramping up, particularly in Europe, which sees OKX removing USDT pairs raising concerns of regulation. Binance is also going ahead with delisting multiple altcoins, including LOOM. Yet, Loom is signaling some explosive performance which led to a 400% rally in a month, despite faltering 70% in the last four days due to heavy sell-offs.
LOOM Coin News Analytics from Thu, 10 May 2018 07:00:00 GMT to Mon, 04 Nov 2024 22:02:50 GMT -
Rating 4
- Innovation -2
- Information 6
