The Federal Reserve’s dovish stance is setting the stage for a major crypto bull run, with hints of upcoming rate cuts that could flood the market with fresh liquidity. Bitcoin is already hovering around $60,000, poised for a breakout as spot ETFs from BlackRock and Fidelity see substantial inflows.
However, while the broader crypto market shows signs of strength, Ethereum remains under pressure, struggling below $2,800 amid ongoing bearish signals. In contrast, BlockDAG is quickly cementing its status as a top-tier layer 1 crypto. With a $69.3 million presale and ambitious plans for its upcoming Testnet, BlockDAG is catching the attention of investors seeking the next big thing in digital assets.
Fed Alert: Bitcoin and Crypto Poised for Major Price Shakeup
Bitcoin is hovering around $60,000 after a recent surge to $65,000, fueled by Federal Reserve Chair Jerome Powell’s hints of an upcoming rate cut. Analysts believe this move could inject fresh liquidity into the market, putting bitcoin and other cryptocurrencies on the brink of a major breakout.
Powell’s dovish remarks at Jackson Hole suggest that rate cuts are imminent, setting the stage for a boost in risk assets like crypto. This dovish stance aligns with a broader trend among central banks, creating a favorable environment for digital assets.
Spot bitcoin ETFs, including those from BlackRock and Fidelity, have seen substantial inflows, further supporting the positive outlook. As the Fed moves toward easing, market experts anticipate that increased liquidity could propel bitcoin and crypto prices higher, marking a pivotal moment for investors. Keep an eye on September’s rate decision—it could be a game-changer.
Ethereum Price Bearish in Q4
Ethereum is struggling below $2,800, caught in a massive falling channel pattern that’s seen a 23.98% drop over the past 30 days. The latest bullish attempts were halted at the $2,800 resistance, leading to an 11.22% decline in just three days. While a brief 2.86% bounce at the $2,400 support showed some bullish presence, the price action remains weak. The recent breakdown of a rising wedge pattern suggests further downside, with key support levels at $2,350 and $2,150.
Despite a positive turn in Ethereum ETFs, with $5.8 million in inflows on August 28 led by BlackRock and Fidelity, market sentiment remains bearish. Technical indicators like RSI and MACD reflect ongoing supply pressure, signaling that Ethereum’s correction may not be over yet.
From Kaspa to Bitcoin: Why BlockDAG Is the Most Underrated Project of 2024
BlockDAG is turning heads in 2024 with a presale boom that’s making serious waves. Known as the “Kaspa killer,” BlockDAG blends the strengths of Kaspa and Bitcoin with its unique DAG-based algorithm, positioning itself as a top layer 1 project to watch. Led by new CEO Antony Turner and backed by a team of Harvard and MIT alumni, BlockDAG is gearing up for something big.
Currently priced at just $0.0178, BlockDAG presale has already raised nearly $69.3 million, thanks to a dedicated community of over 120,000 members. Investors are eagerly jumping in, attracted by the low price and the opportunity to be part of the next potential crypto breakthrough. With the upcoming launch of its Testnet, BlockDAG will introduce the BlockDAG Explorer, offering features like real-time block and transaction tracking, smart contract testing, and faucet functionality for test token transfers.
BlockDAG’s growth doesn’t stop there. The project is actively expanding through bold marketing moves and strategic partnerships, including multi-million dollar deals with European soccer giants like Inter Milan and Borussia Dortmund. As momentum builds, BlockDAG is quickly becoming one of the most promising layer 1 networks with massive growth potential. If you’re looking for the next big opportunity in crypto, BlockDAG could be the game-changer you’ve been waiting for.
Takeaway
As the Fed’s easing policies continue to unfold, the crypto market is primed for a potential bull run, offering a promising outlook for investors. Bitcoin and other cryptocurrencies stand to benefit from increased liquidity, while Ethereum faces a challenging Q4 with bearish technical signals. Meanwhile, BlockDAG’s rapid rise and strategic moves position it as a standout project in 2024. With its innovative DAG-based technology and growing community, BlockDAG is not just riding the wave—it’s carving out its place among top-tier cryptos.
Join BlockDAG Network:
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu
