PrimeXBT: What does the rest of the trading year have in store for Cryptocurrency?

Quick Summary:

As cryptocurrency adoption increases and more institutional investors enter the market, traditional indicators are likely to have a greater influence on trading strategies for risk assets like cryptocurrencies.

Source: Crypto Rover Ongoing uncertainty in the macroeconomic landscape In September, the Federal Reserve made a significant move by reducing interest rates by 0.5%, marking a substantial shift after an extended period of stability.

By Matthew Hayward, Senior Market Analyst at PrimeXBT Traditionally, the fourth quarter and October have been strong months for cryptocurrencies, particularly Bitcoin.

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Article Details

Category: Crypto

Markets: United Kingdom

Topics: Cryptocurrency Risk Market Rate Interest Data Trading Does Cryptocurrencies Price Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 13:02:48 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 931 words

Reading Time: 6 minutes read

Sentences: 71 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23327187

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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