NFT News by Thebittimes.Com

The US mid-term elections are to be held on November 8th with Democrats and Republicans battling for the majority in the House of Representatives and the Senate. The crypto markets are on the razor’s edge this month with the Feds increasing interest rates by 75 BPS. The non-agricultural job report is set to be out on Friday with elections looming on Tuesday. Therefore, Bitcoin is in the crosshairs of the economic and political development that could dominate its price in the indices. BTC is shedding the gains it delivered last week and is flirting near the $20,000 mark. Another dip can take the king crypto to its October levels again which remained stagnant for weeks. However, leading crypto analyst ‘il Capo‘ has predicted that BTC could pump to $21,500 levels this week and crash after the mid-term elections as the higher time frames look bearish. Also Read: Why Are the Crypto Markets Falling Today After Rallying For A Week? Bitcoin To Crash to $14,000 Af...

AVAX has been trading in the red in the last 24 hours. The token benefited from last week’s volatility which saw most of the market make some gains. Over the past week, AVAX is up by 18.6%, but as the bearish momentum takes shape, these gains could likely be erased. Avalanche price forecast AVAX is losing its weekly uptrend momentum. The recent gains rallied the token from $16 to $19. However, this uptrend has weakened, and the token is falling again, with $15 being the likely outcome as the market adjusts after the interest rate hike expected to happen on Wednesday after this month’s FOMC meeting. Even though the price is correcting, investors anticipate that this token could rally higher in the long term, after which a rally to $20 could be on the way. AVAX trading volumes in the past 24 hours stand at over $457 million. Such gains will most likely be attributed to the growing adoption of the network by the best crypto apps. The Relative Strength Index...

After first pumping and dumping on CPI day - hitting a daily low of $18,000 - the Bitcoin price then quickly pumped back to around the $19,000 level after a strong bounce . CPI data came in hot - inflation rose more than expected, sparking fears of more Fed rate hikes to come. Read our full market watch update here. CPI Day Bitcoin Recovery The Bitcoin price is now only down approximately 1% or less in the past day, attempting to reclaim the four hour trendline it lost earlier today when traders derisked before the CPI print. Bitcoin is also currently outperforming stocks in terms of relative strength. The S&P 500 hit a low of 3,491 on CPI day before also recovering well - bouncing as high as 3,660. New Elon Musk Bitcoin Price Prediction Elon Musk also tweeted one word late last night - '$20,000' - while he posted no follow up tweet as yet, it suggests the billionaire is expecting the Bitcoin price to recover to that psychological support area in the sh...