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news-imageSeptember 19, 2024

Bitcoin, Ethereum ETFs See Over $50M Net Outflows Despite Fed's 50 Bps Rate Cut

Bitcoin and Ethereum ETFs recorded significant net outflows, despite the U.S. Federal Reserve's announcement of a 50 basis point rate cut. What Happened: Bitcoin (CRYPTO: BTC) spot ETFs had a net outflow of $52.827 million, the first outflow after four days of inflows.
Publisher: Benzinga
Sentiment: Negative
BTC
ETH

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cover-imageBenzinga
September 19, 2024

Bitcoin, Ethereum, Dogecoin Surge: Has The 'Final Cycle Pump' Really Started?

Cryptocurrency markets are trading 5.9% higher to $2.19 trillion as crypto short liquidations spiked to the highest level since Aug. 23. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,485.74 +5.3% Ethereum (CRYPTO: ETH) $2,467.60 +6.6% Solana (CRYPTO: SOL) $143.74 +10.8% Dogecoin (CRYPTO: DOGE) $0.1062 +5% Shiba Inu (CRYPTO: SHIB) $0.0000142 +6.3% Notable Statistics: IntoTheBlock data shows a 1% drop in large transaction volume and a 5.7% decline in daily active addresses.

Positive
cover-imageCoinPedia
September 19, 2024

Ethereum (ETH) Targets $2,800 – Major Rally Imminent?

It appears that Ethereum (ETH) is ready to take off, as investors' and traders' interest has skyrocketed in the past few days. On September 19, 2024, the on-chain analytic firm Lookonchain posted on X (Previously Twitter) that Ethereum Whale made a big bet by purchasing 2,117.7 ETH worth $5.17 million as the price surged.

Positive
cover-imageBenzinga
September 19, 2024

Bitcoin Worth $63,000 Pulled In $33 Pack Of Trading Cards At GameStop: 'Mind-Boggling' Story Goes Viral, Highlights Crypto Redemption Card

With a change in its business practices, GameStop Corporation (NYSE:GME) allows CEO Ryan Cohen the ability to buy and sell stocks and cryptocurrency with the company's cash. While GameStop hasn't added Bitcoin (CRYPTO: BTC) to its balance sheet yet, the company did help one customer turn a small purchase into a full BTC worth over $60,000.

Negative
cover-imageCoingape
September 19, 2024

Genesis Creditor Loses $243M Bitcoin In Crypto Phishing Heist, Here's All

In the highly sophisticated social engineering scheme this past August 19, 2024, a lone Genesis creditor became the mark of a heist among three principals, namely Greavys, alias Malone Iam; Wiz, alias Veer Chetal; and Box, alias Jeandiel Serrano. In fact, the unravelling of this Genesis heist was greatly aided by blockchain investigator ZachXBT-a true

Negative
cover-imageThe Currency Analytics
September 19, 2024

Bitcoin's Fear and Greed Index Raises Concerns Over Price Drop

The latest readings from the Bitcoin Fear and Greed Index indicate a state of moderate fear among investors. Historically, when the index falls below 20, it signals extreme fear—often correlating with price bottoms where new investors enter the market, seeking to purchase Bitcoin at lower prices.

Negative
cover-imageNewsBTC
September 19, 2024

Is This The End For Ethereum Or A Generational Opportunity?

Ethereum holders are definitely being tested by some tough times, with recent price action failing to create a bullish perspective for the digital asset. One of the major disappointments has been the performance of spot Ethereum exchange-traded funds (ETFs), which were launched in the U.S. with great fanfare.

Positive
cover-imageCryptoGlobe
September 19, 2024

Bitwise CIO: “It's Cool To Hate Ethereum Right Now. I Bet This Ends Up Looking Silly.

Bitwise Investments' Chief Investment Officer, Matt Hougan, has shared his thoughts on Ethereum's current state, highlighting that it's not popular in the market right now. According to Hougan's memo, the Ethereum-to-Bitcoin price ratio has fallen to its lowest in three years, with Ethereum flatlining on a year-to-date basis while Bitcoin has surged by 38%.

Positive
cover-imageBenzinga
September 19, 2024

Bitcoin Could Surge After Interest Rate Cut As Macro Drivers Take Over: Standard Chartered

Bitcoin (CRYPTO: BTC) and the wider digital asset market are expected to experience sustained growth following the U.S. Federal Reserve's decision to cut interest rates by 50 basis points, according to Geoff Kendrick, head of forex and digital assets research at Standard Chartered. What Happened: Kendrick pointed out that while political factors, including the upcoming U.S. presidential election, still play a role, macroeconomic trends are now the primary drivers of digital asset prices, The Block reported.

Positive
cover-imageBeInCrypto
September 19, 2024

Neiro Ethereum Hits 50% Rebound, Eyes $0.17

After a brutal 45% plunge triggered by Binance's actions, Neiro Ethereum (NEIRO) is making a remarkable comeback. The meme coin has surged by an impressive 51% in the past 24 hours, outpacing the broader meme market.

Positive
cover-imageThe Currency Analytics
September 19, 2024

Bitwise CIO Warns Against Overlooking Ethereum: A Bullish Outlook Ahead

Matt Hougan, the Chief Investment Officer of Bitwise, expressed concern over the market's tendency to overlook Ethereum (ETH) amidst its current underperformance. Despite the digital asset's decline to multi-year lows, Hougan remains optimistic about a future rebound, particularly following the upcoming U.S. elections and potential regulatory clarity in the decentralized finance (DeFi) space.

Positive
cover-imageCrypto Economy
September 19, 2024

Bitcoin Hits $62K Post-Fed Pivot—88% of HODLers Now in Profit

TL;DR Bitcoin at all-time highs: Bitcoin surges past $62,000 following US Federal Reserve interest rate cut Holders in profit: 88% of Bitcoin holders are in profit, while 12% are in the breakeven. Future Outlook: Analysts believe that Bitcoin could reach new highs if it breaks the $65,000 resistance.

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