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With Bitcoin (BTC) experiencing a price rally partly triggered by the Federal Reserve’s interest rate cut, a cryptocurrency analyst is … Continue reading
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Bitcoin’s (BTC) sentiment appears to have turned bearish as analysts eye sub-$50,000 price targets, preparing for a crash. The leading … Continue reading
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Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins.
September’s counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
With the latest acquisition, the company now holds 252,220 bitcoin worth nearly $16 billion at current prices.
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
With both assets leading the market, here’s a closer look at the factors driving their remarkable performance.
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
It is unclear if all these wallets belong to the same person or entity.
The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.