Bitcoin, Ether Plunge 5% Ahead of Widely-Anticipated Fed Rate Cuts
Submitted by Anonymous (not verified) on Mon, 09/16/2024 - 09:50PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.
PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.
SUI beat BTC and ETH in the early hours of East Asia trading.
BTC ETF inflows are back in the green, despite BTC's price slipping.
Analysts polled by FactSet are expecting Nvidia to hit earnings of 65 cents per share, up 141% year-over-year.
Polygon and Chainlink’s tokens surged as much as 10% on fundamental developments.
Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants.
Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.
Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.
Traditional markets from the U.S.
Market observers expect ether to outperform bitcoin in the coming weeks as the token gives exposure to a flourishing Ethereum ecosystem.
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