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.
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.
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%.
Investors are always in a hurry to discover unnoticeable yet profitable altcoins in the ever-changing world of cryptocurrencies. Coins such as Cardano (ADA) and Polygon (MATIC) frequently capture headlines. However, according to experts, a new player, Rexas Finance (RXS), is on the verge of making news in the crypto marketplace.
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.
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.
The Federal Reserve's unexpected rate cut sent shockwaves through the financial markets, propelling Bitcoin to new heights.
TL;DR Cardano Launches Kinka Gold: Cardano, in collaboration with EMURGO and Kinka Gold, has introduced a gold-backed token called XNK, aiming to bridge traditional assets and digital currencies.
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.
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.
Cardano (ADA) has seen a 5% increase in price over the past 24 hours. This reflects the general cryptocurrency market's positive trajectory since the US Federal Reserve cut interest rates on Wednesday.
BlackRock's iShares Bitcoin Trust continues to outperform its peers, attracting steady inflows amidst market volatility.
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.
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.
Cardano founder Charles Hoskinson is set to meet with Argentina's President Javier Milei in October to discuss the role of cryptocurrency in shaping the country's economy.
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.
It seems that Bitcoin is currently in a positive phase. In the last seven days, it has experienced a massive growth of 7.1%. The latest macroeconomic developments, like the US interest rate cuts, indicate that the Bitcoin market is likely to grow even further in the final quarter of the year.
BlackRock, the colossal $9 trillion asset management firm, has positioned Bitcoin as a pivotal element in the contemporary financial landscape. This exploration delves into Bitcoin's unique attributes, its role as a solution to persistent monetary challenges, and its potential for reshaping global finance.
Germany's Commerzbank is set to launch Bitcoin and Ethereum trading to its customers. The Geman Bank will offer these crypto trading services through Crypto Finance, a subsidiary of Deutsche Börse.
US investors were in a withdrawal mode yesterday.
Bitcoin's adoption trajectory will largely depend on future macroeconomic and geopolitical concerns, according to BlackRock.
In a new whitepaper from Sept. 17 titled “Bitcoin: A Unique Diversifier,” investment giant BlackRock delves into the potential of Bitcoin (BTC) as a hedge against geopolitical and monetary risks.
A cryptocurrency analyst and trader is saying Bitcoin (BTC) is on the verge of entering a bullish phase over the coming weeks and months.