Bitcoin saw its largest intraday gain in over a month on Tuesday, driven by growing expectations that the Federal Reserve may soon reduce interest rates.
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On September 19, the Federal Reserve officially announced a 50 basis point cut in the federal funds rate, lowering it to a range of 4.75%-5.00%.
Bitcoin has reclaimed the key $60,000 price level for the first time since August 30, and growing interest from institutional players suggests that this time is unique, according to a cryptocurrency analyst.
As Bitcoin hovers near crucial price levels, data from Coinglass suggests that a surge above $61,000 could trigger liquidations of short positions on major centralized exchanges (CEXs), with a total estimated impact of $452 million.
CryptoQuant analyst Tarek On-Chain highlighted a notable shift in cryptocurrency exchange trends, suggesting that a potential breakout in Bitcoin prices may be on the horizon.
Chris Burniske, former head of crypto at Ark Invest and now a partner at Placeholder VC, recently remarked on social media that while Bitcoin (BTC) and Ethereum (ETH) remain in a consolidation phase, there are notable signs of strength emerging from the broader long-tail of the cryptocurrency market.
A statement made by the Fed Chair Jerome Powell on Thursday has shaken up the crypto market.
The total crypto market has risen above $2.09 trillion, which is over a 2% increase to the previous day, which is $2.05 trillion and over a 4% increase a week before that had a close of $2 trillion.
According to a report by CCData on July 31, USD Coin (USDC) achieved a significant milestone by reaching a trading volume of $135 billion on centralized exchanges as of July 25.
On July 22, 2024, the Securities and Futures Commission (SFC) of Hong Kong officially approved the first inverse Bitcoin and Ethereum exchange-traded fund (ETF), which will start trading on the same day.
In an unexpected turn of events on Friday during the U.S. trading session, the cryptocurrency market witnessed a notable surge.
Bitcoin’s recent breakthrough past the $65,000 mark is a significant milestone, potentially indicating a new price range between $65,000 and $71,500.
In a highly anticipated announcement, Greeks.live revealed on X (formerly known as Twitter) that an Ethereum (ETH) Exchange-Traded Fund (ETF) will be launched next Tuesday.
In a landmark decision, an Illinois court has affirmed that Bitcoin (BTC) and Ethereum (ETH) are classified as digital commodities under the Commodity Exchange Act.
Bitcoin (BTC) saw a significant drop overnight, descending to $55,000 as it moved to correct a spike observed on July 5th, which saw prices oscillate between $53,300 and $56,700.
Coinbase announced the addition of Stader (SD) to its listing roadmap.
Floki (FLOKI), one of the world’s most prominent meme coins, has experienced considerable volatility recently.
Following a significant decline, BONK’s price surged by 15% at the start of the weekend, rising from a low of $0.000018 on July 5 to $0.000022.
XRP has epitomized the tumultuous journey of investors, characterized by dramatic peaks and challenging troughs.
Toncoin (TON) has been exhibiting a powerful bullish trend, achieving a historic high on June 15. Following this peak, the price saw a short-term decline due to profit-taking.