The crypto market update for September 19, 2024 Asian trading hours sees Bitcoin break above $62,000. BTC price rose as traders cheered the US Federal Reserve's 0.5% interest rate cut – the first one since 2020. Most altcoins also traded higher, with Ethereum gaining to above $2,450.
The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.
Polkadot (DOT), a leading player in the Web3 space, is showing early signs of recovery after recent declines. With a series of technical and liquidity indicators pointing to potential gains, many investors are eyeing the $4.25 mark as a possible target.
Polkadot recently bounced off the $4 support zone but has struggled to maintain upward momentum. As of now, it appears to be headed back toward this critical level, making it an important focal point for traders.
Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.
Bitcoin (BTC) is back above $60,000 after registering an increase of over 3% in the past 24 hours as optimism around a Fed rate cut grew. Other cryptocurrencies, including Ethereum (ETH), Uniswap (UNI), FET, SUI, Aptos (APT), and Bittensor (TAO), registered notable gains.
DOT shows potential for higher prices amid bullish indicators and liquidity dynamics.
Avalanche (AVAX) is generating buzz among traders and investors as it appears poised for a significant rally. Recent market developments suggest that AVAX could reach the $40 mark and possibly go even higher.
Avalanche (AVAX) price has moved sideways this month as it continued underperforming other cryptocurrencies like Tron, Toncoin, Bitcoin, and Mantra. It was trading at $23.63, down by more than 63% from its highest point this year, giving it a valuation of over $9.5 billion.
AVAX is poised for a surge as new insights come to light.
PEPE, Polkadot, ImmutableX, and Bittensor stand out amid a heightened focus on the Federal Reserve meeting and persistent fear within the crypto fear and greed index. A detailed look into individual cryptocurrencies reveals intriguing trends and future price predictions. PEPE price paints a bullish setup Currently trading at $0.
Avalanche (AVAX) price, a layer one blockchain, has recently witnessed a notable increase in value, aligning with a bullish trend across the sector. The market is optimistic, anticipating further advances as AVAX demonstrates a robust recovery.
Alaska Airlines and Hawaiian Airlines can go through with their planned merger, the U.S. Department of Transportation said Tuesday.
BTC has struggled with adverse market conditions and a challenging environment, failing to regain momentum and trading largely between $53,000 and $60,000 for several weeks. BTC's failure to hold on to $60,000 indicates demand is drying up at higher levels, with investor hesitation peaking.
The liquidity pocket near $5 is the most likely short-term price target for Polkadot.
Avalanche's innovative multi-chain architecture and upcoming upgrades aim to enhance blockchain customization and scalability, supporting enterprise, DeFi, gaming, and more.
The cryptocurrency market is getting ready for the upcoming Federal Open Market Committee (FOMC) meeting, which could significantly impact the prices of various digital assets. While the broader market awaits the Fed's decision, experts are making bold predictions about the potential trajectory of Avalanche (AVAX) and IntelMarkets (INTL).
The transformation of Polkadot's Ambassador program reflects a move towards greater community involvement. Previously managed centrally, the program now empowers Polkadot's community to vote for ambassadors who will champion the platform's growth.
Avalanche (AVAX) has had a terrible Q2 2024 by several standards, going by a significant decline in market capitalization coupled with low revenue generation. Related Reading: Toncoin (TON) Climbs 20% – Here's What's Pushing The Price Up Messari's recent report indicated that AVAX faced a fierce correction after two quarters of growth on the trot.
The $4.5 million DeltaPrime hack resulted from a leaked admin private key, which stole USD Coin and immediately converted it into Ethereum.
Bitcoin (BTC) saw considerable fluctuations over the weekend. It briefly pushed above $60,000 as market sentiment showed signs of shifting, resulting in a temporary jump of 6%.
The Sandbox (SAND) has lately attracted interest with opposing opinions on its potential price movement. Although some analysts believe there is room for large increases, short-term data point to a more wary stance.
Avalanche (AVAX) is making waves in the cryptocurrency world with a series of bullish trends and innovative partnerships. As the end of September approaches, many investors are asking: Can AVAX reach $50 by the month's close?
Polkadot's relaunched Ambassador program lets the community elect its representatives. In this interview, we speak with William, one of the newly elected Head Ambassadors focused on driving enterprise adoption, who shares his insights and vision for the ecosystem's growth.
After weeks of uncertainty and inability to maintain its support at $4.50, Polkadot ($DOT) looks to close the week well in the green. $DOT is up 9% in the seven-day charts, currently trading for $4.53.
Avalanche's on-chain and market data signal strong bullish momentum
Avalanche (AVAX) is trading around $25 after a 10% surge since last Thursday, as the broader crypto market shows signs of recovery. Bitcoin and most altcoins are trending up from their yearly lows, with AVAX at a critical price level that could shape its price action in the weeks ahead.
Polkadot (DOT) stalled after encountering resistance at $4.50 and is down almost 1% during the current session as sellers look to drive it below the 20-day SMA.
Avalanche (AVAX) price, a layer-one blockchain, is witnessing a resurgence in its bullish trend, according to recent technical indicators. The price of AVAX is currently exhibiting a robust upward trajectory, buoyed by broader market recoveries.
DOT's fortunes might be changing, and soon.
ParaFi's tokenization of its fund represents the company believing in the technology it invests in and eating its “own dog food.
The price of Avalanche (AVAX) continues to trade above the $19 support but below the $27 resistance.
Cryptonews Podcast host Matt Zahab sat down for an exclusive interview with Bill Laboon, the Director of Education and Governance Initiatives at the Web3 Foundation, a not-for-profit entity supporting the Polkadot ecosystem.
Alternative asset manager ParaFi Capital has joined forces with real-world asset tokenization giant Securitize to tokenize part of its venture fund on the Avalanche (AVAX) network. That will allow a massive wave of investors to partake in ParaFi's investment strategy.
The tokenized fund, which is running on the Avalanche blockchain, opens ParaFi's venture strategy to a new group of investors
Bitcoin (BTC) saw a brief foray above $58,000 on Thursday following the release of US inflation data and Federal Reserve rate cut bets. US consumer prices bumped up slightly in August, but core inflation remained persistent, with the Core Consumer Price Index increasing by 0.28%, compared to an anticipated 0.2% increase.
ParaFi Capital, an alternative asset management firm, has taken a key step in integrating blockchain into its operations by tokenizing part of its venture fund.
Polkadot (DOT) has been on a troubling downward trajectory, hitting a 12-month low and struggling to gain traction despite recent signs of potential recovery. As of September 12, 2024, DOT was trading at $4.14, reflecting a significant drop of around 27% from its highs in August.
Polkadot (DOT) is currently navigating a period of heightened volatility, as the cryptocurrency finds itself at a critical juncture in its price action. After showing signs of recovery from its multi-year low, Polkadot's bullish momentum has weakened, with renewed bearish pressure steering its price toward the key support level of $3.5.
Avalanche, the 14th-biggest cryptocurrency, is stuck in a deep bear market amid weak on-chain metrics and falling staking yields. Avalanche active addresses are falling Avalanche (AVAX) was trading at $23.
In a bid to enhance user experience and reduce confusion, the Bifrost community has put forth a proposal to align its address format with the Polkadot address format.
DOT is still struggling to secure liquidity despite the recent bullish divergence. We explore the reasons behind the lack of enthusiasm.
Bitcoin recovered sharply from its intraday low, but holding these gains will determine whether bulls and dip buyers are ready to fight for a stronger trend reversal.
TL;DR WBTC Native Expansion: BitGo Launches Wrapped Bitcoin on Avalanche and BNB Chain Using LayerZero's Omnichain Fungible Token Standard. Decentralized Verifier Network: WBTC will feature a 1-of-2-of-3 setup, with BitGo as the primary verifier and LayerZero Labs and Polyhedra as optional verifiers.
Polkadot (DOT) is at a crossroads as its recent recovery attempt loses steam, with renewed bearish pressure pushing the price back toward the crucial $3.5 mark. After showing signs of a rebound, DOT's momentum has quickly reversed, casting doubt on its ability to maintain higher levels.
Dune, a platform specializing in onchain analytics, has integrated over 50 parachains from the Polkadot ecosystem, making it a comprehensive data hub for Polkadot's blockchain network.
Dune, a prominent platform for onchain analytics, has expanded its coverage to include over 50 parachains from the Polkadot ecosystem. With this latest integration, Dune has positioned itself as the most comprehensive data hub for Polkadot, providing in-depth insights and real-time analytics across the entire network.