Crypto Market Forecast 25 September 2024
Sep 25, 08:52 PM
Over the next 24 hours on 25 September 2024, several cryptocurrencies are expected to face varying market conditions. A slight bearish trend is anticipated for Bitcoin, Cardano, Uniswap, and Polkadot, while more bearish conditions are forecasted for Binance Coin and Avalanche. On the other hand, Ether is showing signs of a modest bullish trend.
Looking ahead to the week, Bitcoin, Solana, and Litecoin are predicted to experience bearish trading conditions. The trading projections were based on signals available at 7:20 CET, and it's recommended to check for updates before making investment decisions.
In broader market news, cryptocurrencies saw a strong rally as Nvidia's stock surge pushed the S&P 500 to a new record high. Bitcoin's price is nearing a key resistance level of $65,250, driven mostly by futures trading.
Additionally, there has been a shift in sentiment among client advisors, with many more now personally investing in crypto assets, which could lead to increased client portfolio allocations in the coming months.
The SEC has delayed its decision on BlackRock’s spot Ether ETF options, while Binance reported its highest-ever trading volume earlier this month. Furthermore, a key SEC commissioner acknowledged the need for more clarity on cryptocurrency regulations.
In legal developments, Caroline Ellison received a two-year sentence for her role in the FTX collapse, with a lighter sentence granted due to her cooperation in the case.
Looking ahead to the week, Bitcoin, Solana, and Litecoin are predicted to experience bearish trading conditions. The trading projections were based on signals available at 7:20 CET, and it's recommended to check for updates before making investment decisions.
In broader market news, cryptocurrencies saw a strong rally as Nvidia's stock surge pushed the S&P 500 to a new record high. Bitcoin's price is nearing a key resistance level of $65,250, driven mostly by futures trading.
Additionally, there has been a shift in sentiment among client advisors, with many more now personally investing in crypto assets, which could lead to increased client portfolio allocations in the coming months.
The SEC has delayed its decision on BlackRock’s spot Ether ETF options, while Binance reported its highest-ever trading volume earlier this month. Furthermore, a key SEC commissioner acknowledged the need for more clarity on cryptocurrency regulations.
In legal developments, Caroline Ellison received a two-year sentence for her role in the FTX collapse, with a lighter sentence granted due to her cooperation in the case.