Reaching the medium-term target of $45k will depend on several factors, such as the resolution of the banking crisis, regulatory developments, and the overall market sentiment. Although at the same time there is room for correction and testing of past resistance in the region of $25-26k. In the short term, the $30-32k range could be achievable in 2-4 weeks, especially if the market sentiment remains positive and the banking crisis continues to drive investors towards alternative assets like cryptocurrencies. dollar and boost the appeal of Bitcoin as a hedge against inflation. However, if the Fed decides to inject more liquidity into the banking system to support the struggling financial sector, it could result in a devaluation of the U.S. dollar, which might put downward pressure on the price of Bitcoin and we can see $22-23k. If Powell announces a continuation of rate hikes, it could lead to further strengthening of the U.S. With the FOMC meeting on March 22, it's crucial to consider the potential impact of Federal Reserve Chair Jerome Powell's statement. Next we have an analysis from our experts BTC/ USDT The recent bullish trend in Bitcoin, which has pushed the price to $28k, can be attributed to the ongoing banking crisis, as investors seek alternative assets for wealth preservation. As these networks evolve, we can expect a more resilient, accessible, and optimized landscape, empowering users and developers alike and fostering the adoption of blockchain technology worldwide. These advances not only bolster the capabilities of their respective platforms but also contribute to the overall growth and maturity of the crypto ecosystem. This week's developments in the crypto landscape, including the Ethereum Shapella upgrade, Cardano's dynamic P2P networking, Arbitrum's DAO governance, Polygon's zkEVM Mainnet Beta, and Binance's 30th Launchpad project, highlight the continuous push towards decentralization, innovation, and network efficiency. Space ID Token Sale on Binance Launchpad.These events collectively signal an evolving, maturing cryptoverse with the potential for far-reaching global impacts.Īnd now let's tell you what's new in crypto projects Lastly, the Binance.US-Voyager deal demonstrates the ongoing tug-of-war between regulatory oversight and customer interests in the crypto landscape. Ethereum's transition to a proof-of-stake network marks a significant milestone, and the Salesforce-Polygon partnership underscores the rising prominence of NFTs and web3 in mainstream business. Bitcoin's impressive rally amid traditional banking woes showcases its potential as a safe haven during financial turbulence, while Coinbase's expansion plans reflect the industry's efforts to diversify and mitigate regulatory risks. This week's developments in the cryptocurrency sphere highlight the growing influence of digital assets on global markets and the increasing adoption of blockchain technology across industries. Binance.US's $1 Billion Purchase Gets Green Light.Ethereum's Shanghai Hard Fork Set for April 12.Coinbase is thinking about a platform outside the U.S.Bitcoin Soars Past $28,000 as Fears of Global Banking Crisis Intensify.So, gear up and join us on our journey through the ever-evolving digital currency universe! Don't miss our captivating infographics on DeFi and a fascinating feature story that's sure to pique your curiosity. Our expert analysis will focus on BTC and SUSHI, and we've got a comprehensive calendar of upcoming events to keep you in the loop. We'll cover recent market trends, shining the spotlight on the performance of top cryptocurrencies, as well as news on various crypto projects. In this week's edition of our digest, we delve into the latest developments from the global economic stage and the dynamic world of cryptocurrencies. Let's embark on our quest through the cosmic cryptoverse! So, strap in and prepare for another thrilling adventure into the realm of digital currencies! This week's Moonhub is packed with information to keep you informed and ahead of the curve.
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