Ethereum

Bitcoin

PEPE

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-hold-their-breath-as-bitcoin-and-altcoin-prices-fluctuate/" data-wpel-link="internal">Investors Hold Their Breath as Bitcoin and Altcoin Prices Fluctuate</a> 
Bitcoin price stood at $62,900 at the time of writing, with <a href="https://en.coin-turk.com/pantera-capital-invests-in-toncoin/" data-wpel-link="internal">altcoins</a> returning to neutral levels. For BTC’s upward trend to continue, it must remain above the $63,000 mark. During this time, Fed member Bowman expressed objections regarding the latest decision. So, what is the current status of ETH and PEPE Coin? 
<h2 style="text-align: justify" id="fed-statements">Fed Statements</h2> 
Fed member Bowman was among those opposing the 50bp interest rate cut decision made with significant support. He believes that markets might interpret the 50bp rate cut as an early victory, complicating the Fed’s task. In his recent dissenting statement, he indicated that the hawkish wing of the Fed played a balancing role. 
<blockquote> 
 “In this meeting, I acknowledged that adjusting the Fed’s interest level is appropriate, but I recommended a smaller initial move. We have not yet achieved our inflation target. I see the risk that a larger policy action by the FOMC might be interpreted as an early victory in inflation. Such an approach would avoid unnecessarily fueling demand. The economy continues to remain strong, and the labor market is close to full employment. I believe that proceeding at a measured pace towards a more neutral policy stance will enable further progress towards returning inflation to the 2% target.” 
</blockquote> 
<h2 style="text-align: justify" id="ethereum-price-outlook">Ethereum Price Outlook</h2> 
The largest <a href="https://en.coin-turk.com/jpm-coin-sets-ambitious-targets-10-billion-in-daily-transactions-expected/" data-wpel-link="internal">altcoin</a> by market capitalization, ETH, continues to struggle below the $2,823 resistance. Although BTC and USD pairs have experienced a rebound, ETH must attract strong demand at the $2,560 resistance zone. If successful, it could rise to key resistance before aiming for levels above $3,000. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-390624 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/ETHUSDT_2024-09-20_20-18-33.png" alt="" width="1814" height="836"> 
In a bearish scenario, closures below $2,461 might accelerate selling, potentially leading to a test of $2,264. 
<h2 style="text-align: justify" id="pepe-coin-analysis">PEPE Coin Analysis</h2> 
Expected to be a favorite among bulls, PEPE Coin has yet to initiate a recovery. Sales above $0.00000825 could reflect potential for a return to $0.00000751, but there is no need for pessimism as long as BTC remains above $61,700. Should an upward movement supported by demand occur, $0.00000987 may be tested, with targets of $0.00001278 and $0.00001688 also coming into play. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-390626 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/PEPEUSDT_2024-09-20_20-21-54.png" alt="" width="1814" height="836"> 
In a bearish scenario, support remains at $0.00000701. 
The post <a href="https://en.coin-turk.com/investors-hold-their-breath-as-bitcoin-and-altcoin-prices-fluctuate/" data-wpel-link="internal">Investors Hold Their Breath as Bitcoin and Altcoin Prices Fluctuate</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Hold Their Breath as Bitcoin and Altcoin Prices Fluctuate

Table of Contents

COINTURK NEWS

Other articles published on Sep 20, 2024

Coinpedia Fintech News

eToro Limits U.S. Crypto Offerings to BTC, ETH, and BCH After $1.5M SEC Settlement

Nic Carter revisits Operation Choke Point 2.0 after bombshell Silvergate testimony

The CEO Of Coinbase Supports Bitcoin For Venezuela’s Economic Freedom

Aleo’s Token Soars as Coinbase Embraces Its Potential

Bybit Leads the Way with Successful Catizen ($CATI) Listing and Airdrop Distribution

Join our free newsletter for daily crypto updates!