When The Crypto Bear Or Bull Period Will Start, Analyzing The Facts

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	19,158,018,789	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

19,158,018,789

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.01086	-7.58%	0.1325	0.1325	0.13251

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.01086

-7.58%

0.1325

0.13251

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.14597	0.1317	0.1432	0.14336	0.055475 - 0.228990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.14597

0.1317

0.1432

0.14336

0.055475 - 0.228990

Exchange	Last Trade	Size	Trade Price	Currency
GEMN	18:44:23	4,157.00	0.13247	USD

Exchange

Last Trade

Size

Trade Price

Currency

GEMN

18:44:23

4,157.00

0.13247

USD

Price x Volume	Volume	Base Symbol	Related Pairs
50,240,208.91	365,888,267.53	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

50,240,208.91

365,888,267.53

When The Crypto Bear Or Bull Period Will Start, Analyzing The Facts

27/08/2022 3:05am

NEWSBTC

August 26 is the long-awaited day for a critical shift in the crypto market price movements. At the end of today, the bears or the bulls will take over the market, although everyone hopes for a reversal of the bearish trend. Recall that the last announcement of inflation data didn’t push the market down. Instead, investors saw some price rallies. But from this week’s price movement, it’s evident that the recovery has subsided. Related Reading: Dogecoin Price Movement Thwarted By Sellers, What’s Next On Chart? But another movement might take place after the Federal Reserve annual meeting. The Federal Reserve Annual Meeting Every year, the Federal Reserve convenes a meeting with many economists. The host of this meeting is usually Jackson Hole, where the central bank lays down its annual economic agenda. The data on the US Personal Consumption Expenditure MoM will be revealed during the meeting today. This information is another critical inflation data that will disclose the nature of the crisis. In addition, this data will show whether people are spending more now or less, indicating a healthy or unhealthy economy. Apart from announcing the Personal Consumption Expenditure MoM, the crypto market is also worried about the plan of the Federal Reserve to curb inflation. Interested investors can watch Jerome Powel’s speech on the Kansas City Federal YouTube channel. Why Should Crypto Investors Be Worried? Recall that Neel Kashkari, the CEO and president of Minneapolis Fed, made some comments a day back stating his expectation of the Volcker-esque approach. According to history, Paul Volcker was the Federal Reserve Chairman in 1927. During raging inflation in the USA, Volcker created two short but massive recessions to forcefully stop spending and reduce inflation. By making such suggestions, Kashkari believes that the Federal Reserve should create recessions to stop inflation. Being one of the dovish Feds officials, his statements have worried many people in the crypto sector. This is because others, such as James Bullard, the President of St. Louis, were even the ones taking the toughest stance earlier. So, the scale could be tipped to either side in today’s meeting. If the current Federal Reserve chair Jerome Powell now agrees with others, the crypto market will turn more bearish. But if he decides to resolve inflation peacefully, the crypto market will move bullishly. Related Reading: Bitcoin Approaching $22K, Market Gets New Reason to Celebrate? From the above expectations, it is evident that the Federal Reserve has the power to create a recession. Therefore, the outcome of the meeting is now dependent on how Jerome Powell will decide to tackle the inflation, dovish or hawkish. Featured image from Pexels, charts from TradingView.com

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DOGEUSD Dogecoin