Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
The crypto markets saw a notable downturn on Tuesday from Monday’s highs, with prices stabilizing throughout the week.
Despite the muted mood, investors are taking the opportunity to seek out the best crypto to buy now in hopes of capturing potential gains.
Bitcoin (BTC) dropped back to trade around $62,000 on Tuesday, down from highs of $64,000 on Monday.
Some analysts have attributed this pullback to disappointment over the lack of stimulus announcements from the Chinese government, following the People’s Bank of China’s (PBoC) recent reserve ratio cut.
Big disappointment from China, not only no stimulus announcement, no details on anything! Even cctv reporter was like “is there anything specific you can announce” and then answer was more generalities, saying we will implement third plenum decision. Flop after big pboc boost… https://t.co/cMvYsAMl6P
Attention now shifts to the release of the minutes from the September Fed meeting on Wednesday and the U.S. CPI inflation data on Thursday, which could further impact market sentiment.
Meanwhile, HBO’s documentary set to reveal the identity of Bitcoin creator Satoshi Nakamoto will be released at 9 PM Eastern Time on Tuesday, although it’s unclear if it will influence market movements.
Every thread I've seen on Twitter says the HBO doc is going to say Len is Satoshi.
However Polymarket says it's going to be Nick Szabo.@Polymarket acts as an incentive for the show staff to bet on the correct answer & thus leak the truth.
Polymarket is a truth machine. pic.twitter.com/Jv5RnxuTSP
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