Bitcoin attempted to flip $62,000 as support on September 19, as markets digested the Federal Reserve’s unprecedented 0.5% interest rate cut.BTC/USD 4-hour chart. Source: TradingViewBTC price hits 3-week high as Federal Reserve slashes interest ratesData from Cointelegraph Markets Pro and TradingView shows that the Bitcoin (BTC) price continues to strengthen during the Asian trading session.The Fed’s action pushed the local record high to $62,600, marking only the third time in history that a 0.5% cut has started a rate-cutting cycle.This, in turn, liquidated short BTC positions across exchange order books, totaling $128 million over the 24 hours to date, according…
Author: Crypto Flexs
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The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green. The crypto market cap is also up over 3%. It is currently at $2.14 trillion, as markets see bullish sentiment build following the Federal Reserve’s announcement of a 50 basis point reduction in interest rates. Several analysts and market watchers, including Rich Dad Poor Dad author Robert Kiyosaki, believe the price of BTC and other major currencies could register a huge uptick following the rate cuts. Kiyosaki predicted that investors will turn to assets such…
U.S. spot bitcoin exchange-traded funds (ETFs) recorded a net outflow of $52.83 million on Wednesday, ending a four-day streak of net inflows of more than $500 million.Yesterday’s outflows were led by Ark Invest and 21Shares’ ARKB, which brought in $43.41 million. data On Wednesday, Grayscale’s GBTC reported a net outflow of $8.13 million, while Bitwise’s BITB recorded an outflow of $3.95 million.Only one spot Bitcoin fund reported net inflows yesterday: Grayscale’s Bitcoin Mini Trust, which recorded net inflows of $2.66 million. The other eight funds, including BlackRock’s IBIT, saw no inflows at all for the day.On Wednesday, the total daily…
A seasoned trader who invested $145 million in SHIB in 2021-2022 suffered huge losses. Amid the chaos surrounding the NEIRO meme coin, investors have been buying both tokens. Despite today’s exchange, ETH and SHIB are still the most popular assets in holders’ wallets. Early investors in Shiba Inu (SHIB) have had impressive returns in 2021 and 2022, but the whale’s recent trades have been less fortunate. In September 2024, the same Waller made two massive trades out of three that ended in eye-watering losses.The trade is a big loss on Nairo and he buys another one.According to blockchain intelligence platform…
“The WazirX team and Nischal Shetty continue to mislead WazirX customers and the market regarding WazirX’s relationship with Binance,” the statement read. “Binance did not own, control or operate WazirX at any time, including prior to, during or after the July 2024 attack.”
Jorg Hiller September 19, 2024 06:18 Early bird tickets for Binance Blockchain Week Dubai 2024 are now available for $150, a 75% discount off the regular price. According to an announcement from Binance, early bird tickets for the much-anticipated Binance Blockchain Week Dubai 2024 are now priced at $150, excluding 5% VAT. This new price is a whopping 75% discount from the regular price of $600. How to purchase early bird tickets at a discounted price Early bird tickets are sold on a first-come, first-served basis. Interested attendees can secure their tickets by visiting…
In the wake of the maturing and evolving cryptocurrency market, investors are increasingly looking beyond Bitcoin as a way to generate more returns. While Bitcoin is still considered the gold standard in the cryptocurrency space, alternatives known as altcoins are gaining attention for their use cases, innovative technology introduction, and increasing adoption. By 2025, some altcoins will stand out in this space with the potential to make a significant impact on the cryptocurrency ecosystem. Below are five promising altcoins that people should be keeping an eye on in 2025.Ethereum (ETH)For some time, Ethereum has been a platform for decentralized applications…
Spain’s top football league, La Liga, announced at its Token2049 event in Singapore that it has appointed cryptocurrency exchange Bitget as its official cryptocurrency partner in some regions. Bitget COO Vugar Usi Zade told The Block that the partnership is worth “eight figures,” or more than $10 million, and will last for two to three years. Zade added that the exchange will continue to work to reach a wider audience, including through long-term partnerships.According to a press release, Bitget is LaLiga’s crypto partner for East, Southeast Asia, and Latin America. The multi-million dollar partnership explores the intersection of crypto and…
Darius Baru 19 Sep 2024 05:20 AssemblyAI partners with Activepieces to provide advanced speech recognition and audio intelligence capabilities for codeless and low-code automation. According to AssemblyAI, AssemblyAI has announced an integration with Activepieces, an open-source, no-code automation platform designed to streamline workflows by connecting diverse applications and automating tasks. Enhanced automation features This collaboration aims to empower no-code and low-code builders by making AssemblyAI’s advanced speech recognition and audio intelligence models accessible within the Activepieces platform. Users can leverage these models to transcribe and analyze audio, and build generative functions using large-scale language…
The crypto strategist, known for his apt altcoin predictions, believes that layer 1 protocol SUI is poised to trigger a breakout rally. Blunts, a pseudonymous analyst, told his 274,600 followers on social media platform X that SUI appeared to have triggered a new bullish trend as it formed a higher low amid the ABC corrective wave. Blunts relies on Elliott Wave Theory, which explains that bullish assets tend to experience a five-wave surge after completing an ABC correction pattern. The analyst shared a chart suggesting that SUI could rise as high as $1.80 in the coming weeks. “SUI is back…