It was a sea of green in the cryptocurrency industry after the jumbo interest rate cut by the Federal Reserve. Bitcoin (BTC) led the gains, cruising above the important resistance point at $63,000 for the first time since Aug. 27.

Ethereum is seeing an increase in network demand after it added more capacity with network fees up from the base minimum of 1 gwei to currently about 25 gwei for a simple transfer.

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.

On a larger scale, Ethereum's price has been declining, almost clearing all of its gains since the beginning of 2024. Yet, things might be about to change soon, which was hinted at in the developments in the past 24 hours.

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%.

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.

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 ongoing price recovery of Ethereum (ETH) might be derailed if investors price in a likely dump from the coin's Initial Coin Offering (ICO) era. Per data from crypto analytics platform Lookonchain, 10,000 ETH is on the line if this whale chooses to sell.

The supply of Ethereum on centralized exchanges has remained stagnant since March this year, despite the approval of US spot Ether ETFs.

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.

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.

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.

So far, 36 victims suffered losses amounting to nearly $1.4 million worth of Ether.

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.

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.

With the crypto market experiencing an increase in price action, altcoins have regained momentum by recording significant price volatility in their respective valuations. Moreover, with the rising whale/institutional activities, the on-chain data shows an increase in the accumulation of top tokens.

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.

An ancient Ether whale recently became active and went on a spelling spree. Most of the address' ETH sell-off came in when ETH was dealing with heavy selling pressure.

US investors were in a withdrawal mode yesterday.

Bitcoin's adoption trajectory will largely depend on future macroeconomic and geopolitical concerns, according to BlackRock.

Blockdaemon's VP Andrew Vranjes indicated that Hong Kong regulators could greenlight staking features for spot Ethereum ETFs by the end of this year.

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.

The attacker has transferred more than 42,500 ETH ($100 million) to Tornado Cash so far, according to the on-chain analytics platform Arkham.

A cryptocurrency analyst and trader is saying Bitcoin (BTC) is on the verge of entering a bullish phase over the coming weeks and months.

Commerzbank's entry into crypto services signals a growing institutional acceptance and integration of digital assets in traditional finance. The post German banking giant rolls out Bitcoin, Ether trading and custody services appeared first on Crypto Briefing.

Ethereum (ETH) looks to have found a bottom at long last. $2,000 may well have been that bottom, and $ETH is now starting to claw its way back up.

After the September 18 FOMC meeting, the Fed cut interest rates for the first time in four years. As a result of the 50 basis point rate cut, Bitcoin price hit $62,000 in the late New York session.

In what is considered a landmark event, Louisiana has become the first US state to accept cryptocurrency payments for certain state services. State Treasurer John Fleming shared the news, noting that starting residents can now use Bitcoin, Bitcoin's Lightning Network, and USDC to pay for select services.