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Showing posts with the label traders

Binance vs. SEC update, BNB and Monero firm as Everlodge draws traders

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In the ongoing legal battle between Binance and the Securities and Exchange Commission (SEC), the presiding judge unexpectedly approved a new expert attorney to join Binance’s legal team, days after the agency filed a secret motion.  Amid this, there are important updates about BNB and Monero (XMR), while Everlodge (ELDG) is gaining popularity among traders . BNB is on a recovery path  BNB is a prominent player in crypto, offering unique Features in a growing ecosystem. The recent BNB smart chain upgrade ended up supporting prices. This move highlighted Binance’s dedication to enhancing network performance, which could prop up BNB prices in the long haul. You might also like: BNB Chain’s cross-chain bridge exploit shakes crypto community  BNB, with Binance’s strong reputation and focus on technology, can be a choice for those seeking exposure to a reliable coin. Experts remain bullish, predicting BNB to reach $307.41 by December 2023.  Monero: the first professional m

Fed signals a sharp rate hike in March due to inflation — Here’s how Bitcoin traders can prepare

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The U.S. Federal Reserve is set to roll out a fresh interest rate hike on March 22, and options traders could use this risk-averse strategy to generate profits. Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing the cost of capital, the Fed boosts the profitability of fixed-income instruments, but this is detrimental to the stock market, real estate, commodities and cryptocurrencies. One positive aspect of the Fed's meetings is that they are scheduled well in advance, so Bitcoin (BTC) traders can prepare for those. Federal Reserve policy decisions historically cause extreme intraday volatility in risk assets, but traders can use Derivatives instruments to yield optimal results as the Fed adjusts interest rates. Another challenge for traders is they face pressure from Bitcoin being highly correlated to equities. For example, the 50-da