Bitcoin, Ethereum and Dogecoin Market Trends Before Fed Chair Speech

Sunday, 29 September 2024, 18:57

Bitcoin and Ethereum show flat trading patterns, while Dogecoin declines ahead of Jerome Powell's speech. Analysts suggest price targets for Bitcoin could be between $194K to $352K, following Powell's remarks on interest rate policies. The crypto market remains attentive to these developments.
Benzinga
Bitcoin, Ethereum and Dogecoin Market Trends Before Fed Chair Speech

Market Trends and Expectations

Leading cryptocurrencies Bitcoin and Ethereum are trading flat as investors wait for guidance from Fed Chair Jerome Powell. Meanwhile, Dogecoin experiences a dip. Analysts indicate potential price targets for Bitcoin range between $194K and $352K.

Key Market Analysis

  • Bitcoin: Price targets based on market sentiment and potential rate cuts.
  • Ethereum: Holding steady amidst macroeconomic uncertainty.
  • Dogecoin: Adjustments in expectations following Powell’s statements.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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