Iintlawulo ze-Bitcoin ze-12,000 zeedola ezilandela iinkcazo ezivela kuSihlalo we-Fed

UAzeez Mustapha

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Fumana imiqondiso ye-VIP ye-forex, imiqondiso ye-crypto ye-VIP, imiqondiso yokujingi, kunye nekhosi ye-forex simahla ubomi bonke.

Vula nje iakhawunti kunye nomthengisi wethu odibeneyo kwaye wenze idiphozithi encinci: 250 USD.

Imeyli [imeyile ikhuselwe] kunye skrini yemali kwiakhawunti ukufikelela!

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Bitcoin (BTC) has finally made a come back above $11,800 after several days of stagnation. The price has since retraced a little to the upper-$11,600 area. Nonetheless, the recent spike has quelled fears of the CME gap at $11,100 getting filled in the near-term. 

BTC is now trading about $800 away from its $12,500 YTD high recorded on the 17th of august.

The recent spike came as a result of some comments made by the United States Federal Reserve, Jerome Powell, at the International Monetary Fund (IMF) event that was held earlier today.

Powell reiterated that the US was “committed to carefully and thoughtfully evaluating the potential costs and benefits of a CBDC (Centra Bank Digital Currency) for the US economy and payments system.” He also added that it was more worthwhile for the bank to be right than to be first in the CBDC race.

Meanwhile, it appears that Bitcoin has altered its correlation with the US equities market in the meantime. At press time, the S&P 500 (SPX) is down by 1.55%, the Nasdaq 100 (NDX) is down by 1.68%, and the Dow Jones (DJIA) is down by 1.25%. 

I-BTCUSD-Itshathi yeYure ezi-4

Amanqanaba aphambili eBTC okubeka iliso kwiKota ePhambili

Bitcoin appears to have regained its bullishness after an extended period of consolidation. The cryptocurrency finally broke above the strong $11,600 resistance, before proceeding to record a new monthly high at $11,834. 

That said, traders now have their eyes on the $12,000 psychological area. A break above that line will set BTC against the strong $12,100 resistance and subsequently the $12,500  YTD high.

Every climb higher Bitcoin performs reduces the odds for a bearish momentum even further.

Imali iyonke yentengiso: $ 364 billion

Imali yentengiso yeBitcoin: $ 216 billion

Ulawulo lweBitcoin: 59.3%

Phawula: U-Learn2.Trade akangomcebisi wezezimali. Yenza uphando lwakho ngaphambi kokuba utyale imali yakho kuyo nayiphi na iasethi eyimali okanye imveliso ebekiweyo okanye umsitho. Asinaxanduva lweziphumo zakho zotyalo-mali.

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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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