Bitcoin and other digital assets usually have a rough September—but soar in October. The Fed's rate cuts might have just sped things up.
Standard Chartered predicts a sustained boost for bitcoin following the Fed's recent rate cut, driven by favorable macro conditions.
Hut 8 and Bitmain have announced the launch of the Antminer U3S21EXPH, an ASIC miner featuring direct liquid-to-chip cooling within a U form factor. Hut 8 plans to deploy this model in the second quarter of 2025 through a hosting agreement that could expand its hashrate under management to approximately 33.5 exahash per second (EH/s).
The Federal Reserve has initiated its long-anticipated easing cycle, potentially setting the stage for a bullish trend in risk assets, including Bitcoin (CRYPTO: BTC) and other cryptocurrencies, according to industry experts. What Happened: Economist and crypto analyst Alex Krüger took to his X account to highlight the Fed's decision to implement a 50-basis point cut while projecting an additional 50 basis points of cuts for 2024.
As came to light thanks to data from Whale Alert, a huge withdrawal of over half a billion dollars worth of Bitcoin (BTC) has stunned top exchanges within the last hour.
Bitcoin soared past $63,000, marking a 6.5% increase in just one day, driven by recent US economic data and the Federal Reserve's rate cut.
As Bitcoin (CRYPTO: BTC) becomes a key asset for corporate treasuries, public companies are increasingly adopting innovative strategies to maximize their Bitcoin holdings. What Happened: What began with MicroStrategy's (NASDAQ:MSTR) decision to include Bitcoin in its corporate treasury has sparked a wave of similar moves by companies like Cathedra Bitcoin (OTC:CBTTF), Metaplanet and Semler Scientific (NASDAQ:SMLR).
The Federal Reserve announced an aggressive 50 basis point (bps) cut, bringing interest rates down to a target range of 4.75%–5%. This marks the first cut in four years and has significant discussions on how it might impact financial markets, particularly Bitcoin.
In a nod to its long-standing free market teachings, Howard Winklevoss donates $4M in Bitcoin to Grove City College.
Core told Decrypt it's planning to roll out Bitcoin yield ETFs in the U.S. "as soon as regulatory frameworks allow it.”
How does Bitcoin's behavior differ from traditional investment assets?
Bitcoin has taken a sudden surge in the last 24 hours. Being in the month of September, Bitcoin showing this bullish momentum is a great sentiment for bitcoin enthusiasts.
A “smart” crypto whale recently offloaded millions of dollars worth of Bitcoin (BTC) after months of dormancy, according to the digital asset tracker Lookonchain. Lookonchain notes the whale sold 200 BTC worth $11.6 million earlier this week after not touching its Bitcoin holdings for five months.
Solana Mobile has announced the release of a new smartphone — Solana Seeker.
Bitcoin and the rest of the crypto market have been trading sideways for the better part of the year now. However, the tide is starting to turn as there could be a recovery trend for the crypto market very soon.
The state has already received a fine paid to the Louisiana Department of Wildlife and Fisheries via the Bitcoin Lightning Network.
Solana Mobile announced the Seeker, its second-generation web3 smartphone, set for release in 2025 with over 140,000 pre-orders globally.
Solana Mobile, a subsidiary of Solana Labs, announces the launch of "Seeker," its second crypto-focused smartphone, scheduled for 2025. This new generation promises significant advancements over the Saga model, its predecessor.
Bitcoin short-term holder supply has fallen to multi-year lows, potentially limiting a price breakout, an analyst said.
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve's decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%.
Solana mirrors Ethereum's position from three years ago. If the trend persists, SOL could eclipse ETH's market cap.
With the recent rate cuts by the United States Federal Reserve (‘Fed') providing a bullish trigger for the price of Bitcoin (BTC), the maiden cryptocurrency has managed to cross the critical level at $60,000 and continue upwards, and artificial intelligence (AI) algorithms have turned bullish.
FIDA and MEW, cryptocurrencies based on the Solana blockchain, saw noteworthy positive sentiment on Thursday as they secured vital listings. Solana Name Service (FIDA) secured a listing on Binance, whereas cat in a dogs world (MEW) scored a listing on Upbit.
Sei, the layer-1 blockchain for high-frequency crypto trading, saw its native token's price jump more than 23% in 24 hours as top altcoins rallied alongside Bitcoin. On Sept. 19, Sei (SEI) rose from lows of $0.26 to hit $0.
Solana has been among the closely monitored tokens, due to which the volatility of the token has remained above the range. Although the volume remains within the average range, the possibility of reaching the upper targets has emerged.
Solana Labs subsidiary, Solana Mobile, has unveiled the Seeker, its second-generation web3 smartphone set for release in 2025 during Token2049. Emerging from its “Chapter Two” stealth phase, the device has secured over 140,000 pre-orders across 57 countries.
The Federal Reserve's unexpected rate cut sent shockwaves through the financial markets, propelling Bitcoin to new heights.
Cryptocurrency Price Today: The crypto industry has commenced its day on a bullish note, such that the fear & greed index now shows a neutral score of 44. The global market cap has risen by an impressive 4.48% to claim $2.16T.
Pepe (PEPE) price, a popular meme coin, has recently experienced a significant rise in its market value. Currently, the price of Pepe remains steady above the critical support level.
Ex-POTUS and newly minted decentralized finance (DeFi) impresario Donald Trump made a campaign stop at a New York hangout famous for accepting Bitcoin (BTC), becoming the first former or sitting United States President to send a BTC transaction publicly.
Louisiana has officially accepted its first crypto payment, marking a significant step in the state's adoption of digital currencies for government services.
BlackRock's iShares Bitcoin Trust continues to outperform its peers, attracting steady inflows amidst market volatility.
Solana Lab's phone-making unit Solana Mobile has just unveiled its newest, shiniest smartphone, “Seeker”, which brings various enhancements over the company's first mobile phone Saga — at less than half the price.
On-chain data shows the Bitcoin supply held by the short-term holders has recently been going down at its fastest monthly rate since 2012.
What's next for BTC amid cautious short-term outlook from pundits after Fed's aggressive rate cut?
According to @OnchainDataNerd, an analytics account on the X social media platform (formerly known as Twitter), there has recently been a large Bitcoin sale initiated by a dormant crypto whale.
Check out which meme coins witnessed a double-digit price rally in the last 24 hours.
Meet Laurence “Larry” Douglas Fink, the CEO of BlackRock, one of the most powerful companies in the world. At 71, Fink has built a financial empire managing approximately $10 trillion in assets, including a hefty $20 billion in Bitcoin.
The Federal Reserve's decision to lower interest rates by 50 basis points has fueled a strong rally in the crypto market. Fed Chair Jerome Powell emphasized that the move aims to restore price stability without spiking unemployment, though he avoided committing to future cuts, stating that decisions will depend on the economy's performance.
Bitcoin price soared to $63,000 after former U.S. President Donald Trump made his first public Bitcoin purchase at a New York City bar.
Following the announcement of the most anticipated rate cut of the year, Bitcoin quickly managed to cross over the $62,000 level. Fed Chair Jerome Powell announced that the central bank will cut interest rates for the first time in four years. Markey experts believe this news could propel Bitcoin to newer heights! A 0.
TL;DR Explosive Gains: Sui has surged by 115% against Solana since August, significantly outperforming Solana's 6% gain against Ethereum. Technical Superiority: Sui boasts a theoretical maximum of 297,000 TPS, far exceeding Solana's 65,000 TPS, with real-world performance still leading.
Bitcoin has been a cornerstone of the digital asset market, rarely showing signs of significant decline. However, in recent months, market activity surrounding Bitcoin has taken a hit, leading to a notable decrease in both demand and supply.
Louisiana has taken a bold step toward embracing cryptocurrency, becoming one of the first states to accept crypto payments for public services.
MicroStrategy, Cathedra Bitcoin and Metaplanet are leading the charge in maximizing bitcoin holdings.
Germany's two large banks, Commerzbank and DZ Bank, are launching Bitcoin and crypto trading services amid growing demand.
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.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 19, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.