Crypto market rebounds on Yellen’s positive macro outlook

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The crypto market has registered a minor rebound after US Treasury Secretary Janet Yellen said the US economy is headed for a recovery.

US Treasury Secretary Janet Yellen has said that the US economy is healthy and there are no signs of a recession.The crypto market has made slight gains, with all the top-ten cryptos trading in the green at press time though they fell short of reaching their weekly highs.Yellen said that she did not see “red lights flashing” and that the jobs data was a sign of a soft landing, not a recession.

“Bad Gurl Yellen is watching, if markets go down more she will definitely pump up the jam by printing more money,” Hayes Buying pressure also remains low as seen in the Chaikin Money Flow indicator, which was negative at press time. This index continues to create lower lows and it is currently at the lowest level since June on the four-hour chart.The prevailing bearish sentiment was also seen in the On Balance Volume , which remains predominantly negative. This trend shows market weakness as selling volumes dominate, exerting downward pressure on BTC prices.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 22. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

2024 elections: Crypto industry’s $119M bet on pro-crypto candidatesThe crypto’s sector $119 million donation on the 2024 November election: Can it shift the political landscape?
Herkunft: CryptoAmb - 🏆 22. / 68 Weiterlesen »

Crypto SWOT: Bitcoin and the wider crypto market are nursing sharp losses for the monthThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »