Bitcoin reached another all-time high yesterday, surpassing $108,300, but has since retraced to $104,400. This pullback has caused pain in altcoins, signaling an increase in Bitcoin\u2019s dominance. It\u2019s believed that Bitcoin\u2019s dominance is at a resistance level and may soon correct, allowing altcoins to regain momentum.<\/p>\n\n\n\n
In other news, the launch of the PENGU token from Pudgy Penguins yesterday saw significant hype, but despite the buzz, it experienced a sharp 50%+ crash due to heavy selling pressure from airdrop participants.<\/p>\n\n\n\n
The market\u2019s focus now shifts to the upcoming FOMC meeting. While the expected outcome is a 25 basis point rate cut, all eyes are on the Federal Reserve\u2019s decision and its potential impact on the markets.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin reached another all-time high yesterday, surpassing $108,300, but has since retraced to $104,400. This pullback has caused pain in altcoins, signaling an increase in Bitcoin\u2019s dominance. It\u2019s believed that Bitcoin\u2019s dominance is at a resistance level and may soon correct, allowing altcoins to regain momentum. In other news, the launch of the PENGU token […]<\/p>\n","protected":false},"author":93,"featured_media":43650,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-43649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=43649"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43649\/revisions"}],"predecessor-version":[{"id":43654,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/43649\/revisions\/43654"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/43650"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=43649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=43649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=43649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}