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Despite the Federal Reserve's dovish remarks in the minutes of the Federal Open Market Committee (FOMC) released on October 9, Bitcoin (BTC) continues to trade in the red, dropping to 61,000. It fell below the dollar.At the time of writing, BTC is trading at $60,935, down 2% in the past 24 hours.FOMC minutes revealed that a “substantive majority” of participants supported cutting U.S. interest rates by 50 basis points this year, to a range of 4.75% to 5%.A minority supported a smaller cut of 25 basis points (bp), citing concerns that a large cut could be seen as premature, but…
Minutes from the Fed's September meeting further dampened expectations for a 50 basis point (bps) rate cut in November. This provides a bearish outlook for Bitcoin price, given that the market is already pricing in a 50bps rate cut following Fed Chairman Jerome Powell’s dovish speech after the September FOMC meeting. be. Fed September meeting minutes add to uncertainty The Fed's September meeting minutes will further increase market uncertainty, which is bad for Bitcoin price. Until now, market participants had confidently expected the US Federal Reserve (Fed) to cut interest rates by another 50 basis points at the November FOMC…
Ethereum’s market power has fallen to a 13% range low. The decline in market share comes amid weakening demand, increasing supply, and Bitcoin's growing dominance. Ethereum [ETH] performance is inferior to Bitcoin [BTC] Over the past year. For example, Bitcoin is up over 120% year-over-year (YoY), while Ethereum is up about 50%. Ethereum’s poor performance has continued its market dominance to the lows. At the time of writing, it was 13.85%, a notable decline from the year's high of nearly 20%. Source: TradingView Several factors are contributing to the decline in the dominance of the largest altcoins and their poor…
If you missed the Binance Coin (BNB) and Solana (SOL) ICOs, don't worry. This new viral cryptocurrency presale, Rollblock, could be the next big thing. Rollblock is currently in its 7th pre-sale round, trading at just $0.03, but has already raised over $4 million and is showing great momentum. One of the best crypto ICOs to watch, Rollblock offers a unique community-backed gaming experience that combines the excitement of crypto with the thrill of online casinos. Now is the time to tackle this promising project before it gets into full swing. Don't miss the boat. Why is there a second…
Bitwise CIO Matt Hougan said the company still expects Bitcoin prices to exceed $80,000 in the fourth quarter. Bitcoin’s chances of reaching its $80,000 goal depend on the upcoming US elections and the lack of market surprises. Bitfinex may be the sole recipient of 119,754 BTC recovered from past thefts. According to Bitwise Chief Investment Officer Matt Hogan, if there are no surprises in the market and the upcoming election does not impact investor sentiment, Bitcoin (BTC) will reach 80,000 yen by the end of the year. It is said that it could reach US$. Meanwhile, the US government considers…
Crypto.com filed a lawsuit On Tuesday, it filed a complaint with the Securities and Exchange Commission, alleging that the regulator had “unilaterally expanded its jurisdiction beyond the statutory scope.” The exchange lawsuit is List of cryptocurrency companies After receiving Wells' notice, the company is engaged in a legal battle with the SEC. The SEC typically sends this notice to companies before taking enforcement action. The lawsuit also states that the SEC argues that “while nearly all crypto-asset transactions, no matter how they are sold, are securities transactions, the same transaction in Bitcoin and Ether is somehow not a securities transaction.”…
The race has begun to roll out an exchange-traded fund that tracks XRP, the seventh largest digital token.The application to launch the Canary XRP ETF was filed with the Securities and Exchange Commission on Tuesday by Canary Capital Group, a newly formed investment firm specializing in digital assets. The company, founded in September, filed its application just a week after Bitwise Asset Management was recorded as the first company to apply for an ETF tracking the token.Canary, founded by former Valkyrie Funds co-founder Stephen McClurg, said in a statement that it was encouraged by “signs of a more progressive regulatory…
Bitwise CIO Matt Hougan says three conditions could pave the way for Bitcoin (BTC) to reach the $80,000 level by the end of the year. In a new note to investors, Hogan referenced a prediction made by Bitwise at the end of 2023, predicting that BTC will trade above the $80,000 level in 2024. With the fourth quarter underway, the investor now says three conditions are necessary for Bitcoin to reach its target price. Hogan's first condition is an election that brings “an outcome other than an overwhelming victory for the Democratic Party.'' While a Republican victory would bode well…
See how Plus Wallet differentiates itself with top-notch security and cross-chain features. Learn more about Kraken dropping Monero and Solana gaining attention with massive inflows. Solana has attracted huge capital inflows, with net inflows exceeding $800 million, more than any other chain. Meanwhile, regulatory pressure is mounting as Kraken prepares to discontinue support for Monero (XMR) in the European Economic Area (EEA) from October 31, 2024. As cryptocurrency wallets face increasing regulatory concerns, Plus Wallet differentiates itself with advanced security features and seamless cross-chain functionality. This wallet provides traders with a secure and user-friendly experience in the face of increasing…
Purchase a Plus Wallet and check out the site. Monero and Solana did not lose their Kraken. You don't have to pay the amount of $800 in Obodo. On 31/2024, Kraken affected both Monero (XMR) and the European Economic Area (EEA). If there is no encryption, you will need to perform a cross-chain. Akpa a na-enye ndị na-azụ ahịa ahụmịhe echedoro na enyi na enyi n'etiti ihe ịma aka nnamata na-abawanye. Ilekwasị anya na ichekwa akị ọrụ ebe ọ na-enye ohere dị mfe na ọtụtụ blockchain na-eme ka ọ bụrụ nhọrọ kacha mma maka ndị na-ere ahịa crypto ọhụrụ。 Kraken…