Ether Leads Post-Fed Crypto Market Rally as Yen Weakness Sparks Risk-On Frenzy
From the U.S. Dollar to Cat-Themed Cryptos, Global Assets Roar Back Following the FOMC’s Bold Move
Binary trading platforms with better performance and payouts
ether
From the U.S. Dollar to Cat-Themed Cryptos, Global Assets Roar Back Following the FOMC’s Bold Move
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.
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.
The recent Federal Reserve interest cut will fuel increased onchain activity, and this will strongly benefit the Ethereum blockchain, the report said.
The Bank of Japan won’t rush to repeat hikes of the yen, which triggered a market meltdown in July.
The decision to split up the upgrade wasn’t unexpected. Developers had been discussing previously that Pectra was becoming too ambitious to ship all at once, and expressed desires to split it in order to minimize the risk of finding bugs in the code.
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.
The service will be offered to existing Commerzbank corporate clients in Germany, and will start with bitcoin and ether trading.
Ether has bounced off its 200-week simple moving average, reinforcing long-term support.
WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance – a statement the latter has denied.