Crypto prices are primarily driven by market sentiment and community confidence rather than immediate utility, as demonstrated by Terra Classic's position among the top five most bullish cryptos despite recent price volatility. This volatility is further influenced by macroeconomic factors such as Federal Reserve policy decisions and geopolitical tensions, which create uncertainty and affect investor behavior across the broader crypto market.
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TERRA LUNA CLASSIC NEWS! WATCH OUT FOR THIS! TERRA LUNC PRICE UPDATE !
Added:We have some big volatility coming through for the Terra Classic price and also the broader crypto market because unfortunately, what's been happening is we've had some big geopolitical, some big macroeconomic news and this is impacting the Terra Classic price. You can see in the short term, we're actually hitting some big numbers up to nearly four zeros and an eight, but just recently, last 24 hours, big news is dropping. So, as in today's video, we guys want to be talking about the big news. How is Terra Classic holding up amongst this little volatile storm?
What's on the horizon coming up in the future? Plus an absolute ton more. So, if you guys enjoy these videos and you enjoy the updates where we talk Terra Classic, but I also give you the big value, so you are aware of what's happening in the broader world. Like the video and let's get straight into it.
So, right here, I just want to say before we talk price, Terra Classic is up there with the top five most bullish cryptos in terms of sentiment. And guys, you know what that means? It means the community, you guys listening to these videos, you like Terra Classic. And you know what? Sentiment is what drives prices, it drives value.
And you know, believe it or not, this is the big thing that actually drives Bitcoin's price and value as well. So, even without utility that we'll talk about later in the video, Terra Classic up there with the best of them in terms of sentiment, which is looking nice.
Now, if we have a look right here, you guys can see we have been, you know, climbing back actually pretty good the last couple of weeks, but just recently, bit of volatility coming through on the charts despite some of the good things that we actually got coming out of the geopolitical world. So, what I mean by that is you can actually see we're pushing back up from this low of nearly three zeros and a five all the way up to nearly, what is this? Three zeros and basically an eight. The last couple of days, you can see the price swing a bit lower. So, from here down to here, what's going on? And I think it's got to do with not only the Fed, there's still a bit of volatility regarding this Iran deal, right? So, there's a lot of fud, there's a lot of despite the oil price actually dropping. So, if you actually have a look right here, the good news is oil has been dropping, but you know, there is a little bit of fud, geopolitical tensions, you know, Trump's coming out saying some statements right here about how people are fighting him about the $300 billion. I think it's an infrastructure fund or development fund, not so much a payment to Iran, but I think it's like an investment from the US into Iran or something along those lines. But, I will say, look, the broader scheme of things, if you want the the whole entire, you know, Luna Classic price and you know, the crypto market to go up, you want to see a lot more economic growth and economic prosperity and you know, peace basically across these nations because you know, if they're not building, if they're building bridges and they're building, you know, good things for the economy instead of building bombs, that's going to make people wealthier, right? And it's actually going to I would say be bullish for the crypto market right now, but there's just a little bit of geopolitical tensions. So, Kevin Warsh has come out and he is basically vague posting. So, what does that mean? He's saying some things, but he can't give any hints about, you know, what he's going to say in the future. So, if you listen in right here, Kevin Warsh just ended his first ever FOMC meeting as Fed Fed chairman. His message to the markets, "I can't give you any guidance on what we're going to do next because I'm about to vague post." And he goes on to say, "Inflation is still way above the Fed's 2% target and prices are too high for most people. We will fix 5 years of misses on inflation." He is directly saying that previous Fed failed. The Fed will no longer tell you in advance what it plans to do with interest rates. He watches stock market prices more than anything else when making decisions. Interest rates are hurting the housing market, but are not slowing down financial markets and all 19 members of the table agreed not to raise rates today and the 2% inflation target is not changing and he refused to say whether bond yields rising after today's decision concerns him. He refused to say whether he spoke to Trump since becoming Fed chairman.
So, all he's going to do basically is vague post until it's the actual meeting day and then he's going to announce his decision. So, he is being the vague post king, the vague post chairman. And you know what? That's spooked the market.
So, the market is a little bit spooked because they don't know what's coming next from the vague post Fed chairman right there. Now, that is a little bit of spookiness. So, we have that spookiness and then we have this Iran conflict spookiness as well. And so, they're the two spooky factors that are basically, you know, they're bringing down the crypto prices. So, if you have a look over here, we go back to Bitcoin, right? And if we have a look for Bitcoin, where's my Bitcoin price? Right here. You can see here there's a bit of a spookiness on the chart. So, this is just a spooky ghost going down, but you guys know it's a long-term journey. And I think eventually, you know, it comes down to things like sentiment that we talked about before. And uh good things happening again. But remember with crypto, crypto's like Bitcoin, crypto's like Terra Classic, you know, it's going to come down to sentiment, positive community, but also you guys know the deal Terra Classic is going to come down to development, right? Development on the chain, TVL, DeFi action, all the important stuff. So, as long as those two factors continue to go in Terra Classic's favor, as in people stay bullish, they're interested, and then also at the same time you do have a lot of development happening on the chain.
Devs developing. But not only that, community members, you know, they're not just holding the crypto on centralized exchanges, they're getting out into the deep wide world of on-chain metrics. You know, that's going to be important for this crypto over the long term. So, at the moment, four zeros in a seven.
Double spooky effect coming into the market to drop down the prices of Bitcoin. And also it's a little bit of the stock market as well. And Uh, that is today's mega update for the market.
So, just expect some volatility as we kind of navigate through this and uh, that's what you need to know in today's market. If you guys enjoy these videos, guys, like it, retweet it over on X, guys. Appreciate you being here. Go have a great Friday and I'll see you in the next one. Crypto Zeus signing out.
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