Issue 8 – 2023 Crypto Live Casino News – The bulls wait for the upward surge!

Get the latest Bitcoin, Bitcoin Cash, Litecoin, TRON, Ripple and Ethereum prices in this month’s Issue 8 – 2023 Crypto Live Casino News! (Photo by André François McKenzie on Unsplash)

The U.S. Federal Reserve will announce if they will raise the interest rates next week or keep the borrowing costs the same until the end of 2023.

Traders have bet that the U.S. central bank will not increase the interest rates as Fed fund futures seem stable (price is not fluctuating) for the next 3 months.

This speculation has caused all of the major cryptocurrencies to bounce, with the exception of Ripple (XRP). The influence of U.S. monetary policy on the global crypto market is indisputable, and it continuously evolves as the market matures. Many countries, including the U.S., are researching and trying to legislate adoption rather than rejecting cryptocurrency.

The presence and infiltration of cryptocurrency into the global economy have initiated many countries to seek legislation and regulate the crypto market. Many countries are crypto-friendly – Switzerland, India, Thailand, Canada, Australia, the U.S. and many others.

There are around 130 countries that are considering developing digital currencies that mirror their currencies. The U.S. Congress is trying to push through the launch of a U.S. central bank digital currency (CBDC), a digital dollar, but has been recently blocked by Republicans. The Republicans want Congress to control the Fed regarding any advancements in the cryptocurrency market. Lawmakers will need to continue debating the consequences for the U.S. of improvements in global financial technology and regulation of cryptocurrencies, which will affect the global market.

This month, the report will look at the price movements of Bitcoin, Bitcoin Cash, Litecoin, TRON, Ripple and Ethereum and try to shed some light on where they may be headed.

Last Month’s Report: Track back to compare crypto prices a month ago from today by visiting Issue 7 – 2023 Crypto Live Casino News.

Crypto Price Watch

(Issue 8 – 2023 Crypto Live Casino News)

• Bitcoin (BTC) – After a rocky start to September, Bitcoin has jumped up almost 8% since September 12^th. The opinion of crypto traders that the Federal Reserve won’t raise rates next week caused the bounce. The leading cryptocurrency hit a monthly high of USD 27,216 on September 19^th but has come off and is trading at USD 27,000. Market analysts’ sentiment is that the market is apprehensive towards BTC and doesn’t see the coin rally past USD 30k any time soon.
• Bitcoin Cash (BCH) – Bitcoin Cash follows the market movements of BTC very closely and the charts for September almost imitate each other exactly. But in recent months, crypto whales have been buying BCH as they see BCH as the leading digital cash utility after signing a strategic partnership with PayPal and Ledger. These significant partnerships have increased the prominence of BCH in the cryptocurrency world. Analysts surmise that BCH could hit $285 USD by the end of 2023. BCH is trading at $213 USD with support at $210 and strong resistance at $218 USD.
• Litecoin (LTC) – Litecoin had an 18% rally last week but has come off. The daily trading volumes are down which could see the altcoin headed for a bullish trend. The market sentiment is if LTC breaks through USD 60, it will go to $50 USD, and one may observe a free fall from there. The price action suggests seller dominance, so buyers should know it could go lower. LTC is currently trading at USD 64, with support at USD 63.
• TRON (TRX) – TRON had a bumpy ride in August but recovered nicely in September. The altcoin is 14% since the beginning of the month and is currently trading at $0.084 USD. TRX hit a yearly high on September 19^th at $0.085 and looks poised to hit higher highs. Yesterday, it was announced by Tether that they would authorise $1b USDT to replenish the TRX network. This transaction could push the altcoin above $0.085 and perhaps up to $0.088 in the coming weeks.
• Ripple (XRP) – Ripple enjoyed a considerable boost in price after a small win against the SEC last July, but the coin has continued downward since then. XRP has continued focusing on E-commerce despite its ongoing battle with the SEC. In order to facilitate cryptocurrency transactions, Ripple maintains that it will promote interoperability and the streamlining of liquidity. This is because the company sees a future in which payments are frictionless for consumers and e-commerce platforms. Crypto investors of XRP have continued to support the company’s strategy and expect the coin to hit USD 0.56 in October. XRP is trading at USD 0.50, with support at USD 0.49 and strong resistance at USD 0.52.
• Ethereum (ETH) – Ethereum whales have transferred over USD 60m in ETH to crypto exchanges, signalling that ETH is going to continue to drop. Long-term holders and insiders were among the addresses that have caused the sharp decline. The liquidations could be a ploy by the whales to push ETH down, creating selling pressure among smaller investors, only to repurchase it shortly. Ethereum is currently trading at USD 1,594, with weak support at USD 1,549 and resistance at USD 1,643.

Disclaimer: All information on this page is for crypto casino players interested in keeping an eye on the latest prices of the major cryptos. We are not a crypto investment site and do not have an opinion on whther you should invest in the cryptocurrency market or not.