Bitcoin Price and Hashrate Divergence May Set the Scene for a Potential Rally, Historical Data Shows
September’s counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
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September’s counter-seasonal price trend has already started to show signs of this divergence trend helping BTC.
The online casino and gaming platform will be released in November.
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.
Cat-themed tokens have emerged as a new cohort alongside dog-themed Dogecoin (DOGE) and Shiba Inu (SHIB), among the biggest gainers in the 2020-2021 bull run.
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.
The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstanding.
The broad-based CoinDesk 20 Index outperformed BTC and ETH, with all of its constituents advancing through the day and SOL, AVAX and APT gaining 10%-15%.