appleandroid
light

Language

  • English
  • Română

Currency

  • $ USD
  • € EUR
news-imageSeptember 23, 2024

Crypto Market Sees $321M Inflows Post-Fed Rate Cut—Bitcoin Gains, Ethereum Loses

TL;DR Investment products in the crypto market have seen inflows of $321 million in the last week, driven by a 50 basis point interest rate cut. Bitcoin has captured the majority of the flows with $284 million, while short products have received $5.1 million. The U.S.
Publisher: Crypto Economy
Sentiment: Positive
ETH
BTC

More News Articles

Positive
cover-imageBenzinga
September 23, 2024

Bitcoin, Ethereum, Dogecoin Holding On To Gains, Trader Sees $63,905 As 'Reclaim Of Key Horizontal'

Cryptocurrency markets are holding on to the green zone with Bitcoin and Dogecoin relatively flat, while Ethereum is trading higher. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $63,449.64 +0.6% Ethereum (CRYPTO: ETH) $2,685.90 +4% Solana (CRYPTO: SOL) $144.14 -0.3% Dogecoin (CRYPTO: DOGE) $0.1073 +0.7% Shiba Inu (CRYPTO: SHIB) $0.00001456 +0.2% Notable Statistics: IntoTheBlock data shows a decrease of 0.8% in large transaction volume and a drop of 11% in daily active addresses.

Neutral
cover-imageBenzinga
September 23, 2024

Bitcoin's 22% Rally Isn't Enough, It Must Break August High To Overcome Downtrend, Bitfinex Analysts Say

Bitcoin (CRYPTO: BTC) reached a new local high of $64,200 on Sep. 20, but analysts caution it must surpass the August high of $65,200, a level that has proved challenging since the all-time high of $73,666 in March. What Happened: Until Bitcoin breaks this crucial resistance, the asset remains in a long-term downtrend, according to Bitfinex analysts.

Positive
cover-imageBenzinga
September 23, 2024

5 Reasons Why Bitcoin Rallied 10% In 7 Days To $63K: Bernstein

Bitcoin's (CRYPTO: BTC) breakout to $64,000 has been fueled by several reasons, according to a new Bernstein analyst note. What Happened: The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for Bitcoin's 9% seven-day spike.

Positive
cover-imageBenzinga
September 23, 2024

Ethereum Outshines Bitcoin After U.S. Federal Reserve Rate Cut, But Here's How Volatility Could Crash The Party

Ethereum (CRYPTO: ETH) has been outperforming Bitcoin (CRYPTO: BTC) following the U.S. Federal Reserve's decision to cut its Federal Funds rate by 50 basis points last Wednesday. What Happened: Since the central bank's first rate cut in four years, Ethereum's price has surged over 16%, significantly outpacing Bitcoin's 6% increase during the same period, The Block reported.

Positive
cover-imageCryptoGlobe
September 23, 2024

Riot and Bitfarms Bury the Hatchet: A New Chapter in Bitcoin Mining

Bitcoin mining firms Riot Platforms and Bitfarms have reached a settlement agreement, marking the end of Riot's attempted hostile takeover of its rival, The Block reported on September 23. The agreement brought about notable changes in Bitfarms' board composition. According to the joint announcement, Bitfarms co-founder Andres Finkielsztain has stepped down from his board position.

Positive
cover-imageBenzinga
September 23, 2024

These 42 Cryptos Have Outperformed Bitcoin In 2024: No DOGE, No SHIB, But 8 Meme Coins Among Them

42 cryptocurrencies have outperformed Bitcoin (CRYPTO: BTC) in 2024, with most of them listed on Binance, according to on-chain analytics provider Lookonchain. What Happened: 25 are listed on Binance and 20 were listed in 2023 or earlier, providing ample opportunity for traders to capitalize on their growth, the data provider tweeted on Friday.

Positive
cover-imageCoinPedia
September 23, 2024

Ethereum (ETH) Set to Hit $3,000, Insights from On-Chain Data

Ethereum (ETH), the world's second-biggest cryptocurrency by market cap appears to be super bullish and could hit the $3,000 level soon. Despite the majority of top cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and many others struggling to gain momentum, ETH has gained more than 4% of its value.

Next Page 1