Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which could have strong implications for the crypto community, says Andre Dragosh, head of research Europe, CoinShares.
Smaller bitcoin investors and reduced liquidity signal potential for continued price growth
Smart traders have shifted to high-beta altcoins, veri tracked by 10x Research show.
Ether ETFs experienced a $62.5 million inflow, marking its third-largest day since launch.
An influential adviser to DeFi lender Sky, formerly known as MakerDAO, now says their concerns have been adequately addressed regarding Tron founder Justin Sun’s involvement in the custody of bitcoin backing the WBTC token.
Citrea’s aim is to use Bitcoin as a settlement layer to make it “the foundation for the world’s finance.”
The wallet first started moving bitcoin to Kraken three weeks ago and has moved 10 BTC so far in three separate transactions.
Defying typical September trends, bitcoin’s resilience hints at a potential breakout from its prolonged downtrend.
NEAR, RNDR, TAO and LPT booked double-digit gains as artificial intelligence-focused tokens were the best performers within the CoinDesk 20 Index.
A less-widely followed report from the Chicago Fed indicated the easiest conditions since November 2021.
