U.S CPI DATA:

U.S Inflation remains at 3.4%.

Expected: 3.4%

U.S core consumer prices rose 0.3% in August, forecast was 0.2

MARKET UPDATES:

-Market sentiment: Greed

-Index value: 63

-BTC Dominance: 59.14%

-Altcoin season index: 40/100

-Total crypto marketcap: $2.65 Trillion..

-Bitcoin price: $77,300
-ETH Price: $2,520

WSJ Report:

-Markets are expecting Federal Reserve to Raise Interest Rates Next Week..

-About 3 rate hikes now priced in by June 2027.

-And the chances of a Fed Rate Hike is at 88% now.

Cz “tweet”

Caught the move 🔥

BITCOIN UPDATE:

-Bitcoin has pulled back from $78,000 level due to profit bookings & market uncertainty. As of now BTC is trading around $77,000.

-Major Resistance is at $82k-$83k. Important psychological level is at $80,000.

-Important support levels to watch out is $75,000. If this is broken then Major Technical Support is between $73,000 - $72,000

-If bitcoin reclaims $80,000 and if it breaks $83,000 level then my next target is $90,000.

-If bitcoin breaks down below the $72,000 - $73,000 level, then this will weaken the short-term recovery structure.

May the wisdom of Ganesha guide your decisions and His strength help you overcome every challenge.

FOMC ON WEDNESDAY:

Guys September 16th The FED Will Decide The INTEREST RATES.

Forecast: 4%
Previous: 3.75%

And on September 17th Theirs FED Press Conference.

This week will be a volatile ride for markets..

Crypto Exchange CoinEx to shut down all operations..

After 9 years in the crypto market, ''CoinEx'' has announced it will shut down its operations.

The exchange cited the ongoing market downturn and rising compliance costs. Withdrawals will remain open until Dec 22nd this year.

Another exchange has come to an end, if you have any funds on CoinEx withdraw now..

''CLARITY ACT'' FACES MORE ROADBLOCKS :

Democrats rejected the latest version and proposed a counteroffer. New York’s Attorney General is also urging Congress to block the bill.

The odds of the CLARITY Act becoming law this year have dropped to 20%.

BREAKING:

The Crypto CLARITY Act has FAILED to pass the U.S. Senate cloture vote.

The bill failed to secure the required 60 votes to advance.

MARKET UPDATES:

-Market sentiment: Neutral

-Index value: 51

-BTC Dominance: 59.48%

-Altcoin season index: 33/100

-Total crypto marketcap: $2.58 Trillion..

-Bitcoin price: $75,900
-ETH Price: $2,400

FOMC at 11:30 Today

A rate hike is currently being priced in at around 92%

Expect volatility

Get ready guys, only 26 minutes left for FOMC

5 mins more

Federal Reserve raises interest rates by 25bps.

FED hikes rates by 25 BPS for the first time in over 3 years.

Fed Chair Kevin Warsh says that, The Federal Reserve is not confident inflation is moving toward its target.

"Inflation is too high."

SAUDI ARABIA CUTS OIL TO EUROPE:

A blast hit Saudi Arabia’s East-West oil pipeline and now the shock is spreading far beyond the Middle East.

🇸🇦 Saudi Arabia is cancelling some oil shipments to Europe. Europe must scramble for replacement crude.

Oil prices now face fresh upward pressure. And if the disruption continues, a major chunk of global oil supply could be affected.

One pipeline attack.
One supply disruption.
And the price of energy could ripple through the entire global economy.

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