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About BECN

Launched in November 2018 by a team based in the United States, Beacon describes itself as a fully transparent project aimed at improving cryptocurrency's public image and providing a constructive environment for newcomers to join and learn about the industry.

Beacon (BECN) is a cryptocurrency launched in 2019. BECN has a current supply of 38.53M with 0 in circulation. The last known price of BECN is 0.002519107181 USD and is 0.000772567086 over the last 24 hours. It is currently trading on active market(s) with $3.94 traded over the last 24 hours. More information can be found at https://explorer.decenomy.net/BECN/overview.

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BECN Price Statistics
BECN’s Price Today
24h Price Change
+$0.00077256708644.23%
24h Volume
$3.9472.58%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#6410
BECN Market Cap
Market Cap
$0
Fully Diluted Market Cap
$97,054.47
BECN Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BECN Supply
Circulating Supply
0
Total Supply
38.53M
Max Supply
0
Updated Sep 14, 2024 2:11 am
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BECN
Beacon
$0.002519107181
$0.000772567086(+44.23%)
Mkt Cap $0
There's nothing here for now
Global Monetary Easing Campaign Underway, Bitcoin Struggles To Join Rally
Global Monetary Easing Campaign Underway, Bitcoin Struggles To Join Rally
According to CoinDesk, a global coordinated monetary easing campaign is currently underway, with most asset classes experiencing a rise. However, bitcoin remains under pressure and may require more than modest rate cuts before initiating a new bull run. Western central banks, including the Federal Reserve, European Central Bank, Bank of England, and Bank of Canada, have begun cutting interest rates. The Federal Reserve is expected to embark on its first easing cycle since 2019, with a potential rate cut of 25 or 50 basis points next week. Japan, on the other hand, has taken initial steps towards tightening, maintaining a benchmark policy rate of 0.25%, just above zero. Traditional markets have reacted as anticipated, with stocks, bonds, and gold prices rising sharply. Despite this, bitcoin has not followed suit. Although it saw a rally on Friday, its price remains below $60,000, approximately 20% below its all-time high of over $73,500 set six months ago. Bitcoin's performance has been mixed. Despite a significant pullback since March, it remains up by more than 40% year-to-date and 127% from year-ago levels. This underperformance may be a temporary breather after a substantial upside move. However, when viewed over a longer period, bitcoin's current price is lower than its peak nearly three years ago at $69,000. Considering the rapid inflation over these years, bitcoin's performance appears even less favorable, especially if it is to be considered an inflation hedge. In contrast, the S&P 500 has risen by about 33%, and gold has increased by more than 50% during the same period. Steno Research highlighted that bitcoin has not experienced many rate-cutting cycles, with the notable one starting in 2019. During that period, bitcoin declined by about 15% from the Fed's first rate cut in August to the end of November, by which time the Fed had reduced rates by 75 basis points. It wasn't until the significant Covid-era monetary push in March 2020 that bitcoin began its meteoric rise. It is possible that a short series of modest rate cuts may have little impact on bitcoin's price. Instead, larger, emergency-style central bank measures might be necessary to trigger a new bull run.
Sep 14, 2024 1:53 am

Frequently Asked Questions

  • What is the all-time high price of Beacon (BECN)?

    The all-time high of BECN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Beacon (BECN) is 0. The current price of BECN is down 0% from its all-time high.

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  • How much Beacon (BECN) is there in circulation?

    As of , there is currently 0 BECN in circulation. BECN has a maximum supply of 0.

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  • What is the market cap of Beacon (BECN)?

    The current market cap of BECN is 0. It is calculated by multiplying the current supply of BECN by its real-time market price of 0.002519107181.

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  • What is the all-time low price of Beacon (BECN)?

    The all-time low of BECN was 0 , from which the coin is now up 0%. The all-time low price of Beacon (BECN) is 0. The current price of BECN is up 0% from its all-time low.

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  • Is Beacon (BECN) a good investment?

    Beacon (BECN) has a market capitalization of $0 and is ranked #6410 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Beacon (BECN) price trends and patterns to find the best time to purchase BECN.

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