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New investigation 🕹🟢 Democratic congressmen probe Trump's $400M 🤑 profit from WLFI token sale to Tron founder Justin Sun amid conflict concerns 🕵️♂️
SEC's 2023 lawsuit withdrawal under scrutiny 🤔 Answers requested by Oct 2 ⏰
_Main details of the investigation:_
- _Trump's profits_: It's alleged that Trump made significant profits 💸 from selling WLFI tokens to Justin Sun
- _Conflict of interest concerns_: This investment raises concerns about conflict of interest ⚠️
especially given the relationship between Trump and the cryptocurrency industry
- _SEC lawsuit_: The SEC's 2023 lawsuit 📜 is under scrutiny, adding complexity to this case
_Questions raised:_
- _How did the deal happen?_
What are the precise details 🤔 of the deal between Trump and Justin Sun?
- _What's the relationship between Trump and the cryptocurrency industry?_
Is there a close relationship 🤝 between Trump and the cryptocurrency industry?
- _What are the potential outcomes?_: What are the potential outcomes 📊 of this investigation?
$WLFI
#TrumpCryptoSupport #TRUMP #WLFI #AltcoinSeasonComing? #FedRateCut25bps
SEC's 2023 lawsuit withdrawal under scrutiny 🤔 Answers requested by Oct 2 ⏰
_Main details of the investigation:_
- _Trump's profits_: It's alleged that Trump made significant profits 💸 from selling WLFI tokens to Justin Sun
- _Conflict of interest concerns_: This investment raises concerns about conflict of interest ⚠️
especially given the relationship between Trump and the cryptocurrency industry
- _SEC lawsuit_: The SEC's 2023 lawsuit 📜 is under scrutiny, adding complexity to this case
_Questions raised:_
- _How did the deal happen?_
What are the precise details 🤔 of the deal between Trump and Justin Sun?
- _What's the relationship between Trump and the cryptocurrency industry?_
Is there a close relationship 🤝 between Trump and the cryptocurrency industry?
- _What are the potential outcomes?_: What are the potential outcomes 📊 of this investigation?
$WLFI
#TrumpCryptoSupport #TRUMP #WLFI #AltcoinSeasonComing? #FedRateCut25bps
SEC Greenlight 🚦 – New Standards Pave Way for Altcoin ETFs
The SEC has approved new general listing rules for spot crypto and altcoin ETFs, a major move in digital asset regulation.
Before, every crypto ETF needed Section 19b-4 case-by-case clearance, which might take months. This new architecture allows ETFs satisfying certain criteria to be listed immediately on Nasdaq, Cboe, and NYSE without individual sign-offs.
This judgment should speed up altcoin ETFs in the U.S., expanding investment beyond Bitcoin and Ethereum. Analysts think the simplified approach is the clearest way to regulated, diversified crypto investment.
Grayscale Launches Multi-Crypto ETF
The new standards gave Grayscale's Digital Large Cap Fund (GDLC) a first-mover advantage. The first diversified multi-crypto ETF in the U.S. comprises Bitcoin, Ethereum, XRP, Solana, and Cardano.
Grayscale Digital Large Cap Fund $GDLC now trades Bitcoin, Ethereum, XRP, Solana, and Cardano, according to CEO Peter Mintzberg.
This milestone suggests a move toward portfolio ETFs rather than single-asset ones, economists say. Eric Balchunas of Bloomberg projected that 12–15 cryptos might soon qualify under the SEC's framework if they had regulated futures trading for six months.
Other altcoins are vying for ETFs besides the heavyweights. Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK) fulfill Coinbase Derivatives' regulated futures trading requirements.
Solana became eligible six months following its futures debut on August 19. Bitwise and Grayscale filed LINK ETF applications, indicating confidence in the Chainlink community.
The Litecoin Foundation applauded the move, which might lead to U.S. LTC listings. Even Hedera (HBAR) is attracting investors with ETF rumors.
Industry observers say the SEC's decision is a turning moment for crypto, reducing regulatory friction and boosting market trust. ETF analyst James Seyffart said, “We’re gonna be off to the races in a matter of weeks.”
#FedRateCut25bps #AltcoinSeasonComing? #BitcoinETFMajorInflows #Write2Earn $ETH $XRP $BNB
The SEC has approved new general listing rules for spot crypto and altcoin ETFs, a major move in digital asset regulation.
Before, every crypto ETF needed Section 19b-4 case-by-case clearance, which might take months. This new architecture allows ETFs satisfying certain criteria to be listed immediately on Nasdaq, Cboe, and NYSE without individual sign-offs.
This judgment should speed up altcoin ETFs in the U.S., expanding investment beyond Bitcoin and Ethereum. Analysts think the simplified approach is the clearest way to regulated, diversified crypto investment.
Grayscale Launches Multi-Crypto ETF
The new standards gave Grayscale's Digital Large Cap Fund (GDLC) a first-mover advantage. The first diversified multi-crypto ETF in the U.S. comprises Bitcoin, Ethereum, XRP, Solana, and Cardano.
Grayscale Digital Large Cap Fund $GDLC now trades Bitcoin, Ethereum, XRP, Solana, and Cardano, according to CEO Peter Mintzberg.
This milestone suggests a move toward portfolio ETFs rather than single-asset ones, economists say. Eric Balchunas of Bloomberg projected that 12–15 cryptos might soon qualify under the SEC's framework if they had regulated futures trading for six months.
Other altcoins are vying for ETFs besides the heavyweights. Dogecoin (DOGE), Litecoin (LTC), and Chainlink (LINK) fulfill Coinbase Derivatives' regulated futures trading requirements.
Solana became eligible six months following its futures debut on August 19. Bitwise and Grayscale filed LINK ETF applications, indicating confidence in the Chainlink community.
The Litecoin Foundation applauded the move, which might lead to U.S. LTC listings. Even Hedera (HBAR) is attracting investors with ETF rumors.
Industry observers say the SEC's decision is a turning moment for crypto, reducing regulatory friction and boosting market trust. ETF analyst James Seyffart said, “We’re gonna be off to the races in a matter of weeks.”
#FedRateCut25bps #AltcoinSeasonComing? #BitcoinETFMajorInflows #Write2Earn $ETH $XRP $BNB
🚨BOOOOOOOOOOOOOOOOM! $XRP IS SET TO EXPLODE! 🚀 🚀💥
Will $XRP reach $100 during current surge? Let's turn that idea into a reality! Join the Millionaires' Club by clicking the LIKE button! 💰
#FedRateCut25bps
Will $XRP reach $100 during current surge? Let's turn that idea into a reality! Join the Millionaires' Club by clicking the LIKE button! 💰
#FedRateCut25bps
Big Money, Bigger Drop 💸 – Ethereum Falls Despite $1.1B BitMine Purchase
BitMine bought 264,378 ETH, worth $1.1 billion, last week.
A $365 million purchase agreement and $913 million stock warrant were signed.
ETH drops below its 50-day SMA for the first time in two months and hopes to rebound off $4,000.
Ethereum (ETH) fell 7% on Monday after BitMine added 2.4 million ETH last week.
BitMine gets 264K ETH, prepares $1.28 billion stock sale
On Monday, Ethereum treasury business BitMine Immersion (BMNR) reported 2.4 million ETH worth over $10.13 billion.
After its September 15 statement, it added 264,378 ETH, worth $1.1 billion.
Nevada-based corporation has $11.4 billion, including 192 Bitcoin (BTC), a $175 million interest in Worldcoin treasury Eightco Holdings, and $345 million in cash.
On Monday, BitMine announced a purchase agreement with an undisclosed institutional investor to sell 5,217,715 shares of its common stock for $70 each, anticipating total revenues of $365.2 million.
BitMine raised $365.24 million by selling shares at a 14% premium to Friday's closing. BitMine Chairman Thomas Lee stated selling shares for $70 per share, compared to our $61.29 closing price, is considerably accretive to current shareholders since the funds are used to increase our ETH holdings.
A warrant to buy 10,435,430 shares at $87.50 in a direct offering was also included. BitMine might get $1.28 billion from its ordinary offering and $913 million in cash if the warrant is fully exercised by March 22.
According to the Strategic ETH Reserve website, BitMine has the most of the publicly traded Ethereum treasuries' 4.15 million ETH.
After falling 7% in 24 hours, ETH fell below the 50-day Simple Moving Average (SMA) for the first time in two months. Bulls protected $4,000 after a similar collapse in mid-August, and the top altcoin is challenging it.
ETH may find support at the 100-day SMA if it falls below $4,000.
ETH jumps off 20-day SMA as Vitalik Buterin defends validator queue design
#ETH #MarketPullback #FedRateCut25bps $ETH
BitMine bought 264,378 ETH, worth $1.1 billion, last week.
A $365 million purchase agreement and $913 million stock warrant were signed.
ETH drops below its 50-day SMA for the first time in two months and hopes to rebound off $4,000.
Ethereum (ETH) fell 7% on Monday after BitMine added 2.4 million ETH last week.
BitMine gets 264K ETH, prepares $1.28 billion stock sale
On Monday, Ethereum treasury business BitMine Immersion (BMNR) reported 2.4 million ETH worth over $10.13 billion.
After its September 15 statement, it added 264,378 ETH, worth $1.1 billion.
Nevada-based corporation has $11.4 billion, including 192 Bitcoin (BTC), a $175 million interest in Worldcoin treasury Eightco Holdings, and $345 million in cash.
On Monday, BitMine announced a purchase agreement with an undisclosed institutional investor to sell 5,217,715 shares of its common stock for $70 each, anticipating total revenues of $365.2 million.
BitMine raised $365.24 million by selling shares at a 14% premium to Friday's closing. BitMine Chairman Thomas Lee stated selling shares for $70 per share, compared to our $61.29 closing price, is considerably accretive to current shareholders since the funds are used to increase our ETH holdings.
A warrant to buy 10,435,430 shares at $87.50 in a direct offering was also included. BitMine might get $1.28 billion from its ordinary offering and $913 million in cash if the warrant is fully exercised by March 22.
According to the Strategic ETH Reserve website, BitMine has the most of the publicly traded Ethereum treasuries' 4.15 million ETH.
After falling 7% in 24 hours, ETH fell below the 50-day Simple Moving Average (SMA) for the first time in two months. Bulls protected $4,000 after a similar collapse in mid-August, and the top altcoin is challenging it.
ETH may find support at the 100-day SMA if it falls below $4,000.
ETH jumps off 20-day SMA as Vitalik Buterin defends validator queue design
#ETH #MarketPullback #FedRateCut25bps $ETH
Crypto Bridge Built 🌉 – US & UK Eye Market Collaboration
The US and UK will create the Transatlantic Task Force to improve digital asset and capital market coordination.
The effort seeks to improve digital asset cooperation despite regulatory changes.
Trump's UK visit prompted the task team, which must report within 180 days.
The US and UK have formed a task group to improve cryptocurrency and capital market cooperation.
A US-UK task team improves crypto and capital markets collaboration
After a strategic discussion between the Chancellor of the Exchequer, Rachel Reeves, and US Treasury Secretary, Scott Bessent, the Transatlantic Taskforce for Markets of the Future will examine easier methods for enterprises to obtain capital across borders.
The task force's objective is to examine short- to medium-term cooperation on cryptocurrency assets despite continuing legislative changes in both nations, the UK government said on Monday. This mission includes long-term collaboration on digital market innovation and new prospects.
In addition to working on digital assets, the task force is anticipated to strengthen US-UK capital market ties, boosting global development and competitiveness.
In 180 days, the Transatlantic Taskforce for Markets of the Future, led by US and HM Treasury officials, will report. The task team will include US and UK regulators and seek industry leaders' assistance to keep the emphasis on what matters most to the two sectors.
Last week's state visit by US President Donald Trump to the UK set the scene for strategic talks with key government institutions.
Since President Trump took office in January, the US has pursued clear cryptocurrency rules that encourage innovation and safeguard users.
President Trump signed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) in July, establishing a stablecoin regulatory framework.
#GENIUSActPass #MarketPullback #FedRateCut25bps #Write2Earn $BTC $XRP $SOL
The US and UK will create the Transatlantic Task Force to improve digital asset and capital market coordination.
The effort seeks to improve digital asset cooperation despite regulatory changes.
Trump's UK visit prompted the task team, which must report within 180 days.
The US and UK have formed a task group to improve cryptocurrency and capital market cooperation.
A US-UK task team improves crypto and capital markets collaboration
After a strategic discussion between the Chancellor of the Exchequer, Rachel Reeves, and US Treasury Secretary, Scott Bessent, the Transatlantic Taskforce for Markets of the Future will examine easier methods for enterprises to obtain capital across borders.
The task force's objective is to examine short- to medium-term cooperation on cryptocurrency assets despite continuing legislative changes in both nations, the UK government said on Monday. This mission includes long-term collaboration on digital market innovation and new prospects.
In addition to working on digital assets, the task force is anticipated to strengthen US-UK capital market ties, boosting global development and competitiveness.
In 180 days, the Transatlantic Taskforce for Markets of the Future, led by US and HM Treasury officials, will report. The task team will include US and UK regulators and seek industry leaders' assistance to keep the emphasis on what matters most to the two sectors.
Last week's state visit by US President Donald Trump to the UK set the scene for strategic talks with key government institutions.
Since President Trump took office in January, the US has pursued clear cryptocurrency rules that encourage innovation and safeguard users.
President Trump signed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) in July, establishing a stablecoin regulatory framework.
#GENIUSActPass #MarketPullback #FedRateCut25bps #Write2Earn $BTC $XRP $SOL
A New Bull Era Incoming? Eyes on September 21 📅🔥
After the Fed reduced interest rates, Bitcoin (BTC), the main cryptocurrency, fell, erasing its gains.
After rising to roughly $118,000—5% below its all-time high—the market faces increased volatility. Despite this setback, analysts remain bullish about Bitcoin's long-term future, particularly as September 21, a critical date for its price trajectory, approaches.
Market expert Timothy Peterson notes that Bitcoin has concluded the year higher 70% of the time following September 21, with a median rise of 50%. He calls this date “Bitcoin Bottom Day,” implying a price surge.
In 2018 and 2022, Bitcoin saw two of its three downturns during bad markets, which do not represent the current market. He estimates a 90% price increase this year.
Bitcoin's history shows it will keep its gains six months after September 21. Bitcoin is 70% unlikely to sink below $100,000 again, according to Peterson.
Ryan Lee, chief analyst at cryptocurrency exchange Bitget, also credits the Fed's 25-basis-point rate decrease for momentarily driving Bitcoin past $117,000. Increased market liquidity prompted this first reduction in nine months.
The median prediction of just 50 basis points in total cuts for the year may dampen confidence and cause volatility as traders modify their plans, Lee warns.
In this risk-on environment, Bitcoin's position as a hedge is highlighted, particularly with $7.2 trillion in cash-like products.
Lee expects the cryptocurrency to consolidate before hitting $123,000–$150,000 if rate cuts occur.
Bitfinex analysts expect Bitcoin to reach $125,000–$135,000 by year-end due to three rate drops and strong ETF inflows.
They also warn that institutional involvement and ETF assets under management might stabilize Bitcoin between $110,000 and $115,000 if inflation or economic growth indicators prevent the Fed from cutting further.
#BTC #FedRateCut25bps #StrategyBTCPurchase #Write2Earn #AltcoinSeasonComing? $BTC $ETH $XRP
After the Fed reduced interest rates, Bitcoin (BTC), the main cryptocurrency, fell, erasing its gains.
After rising to roughly $118,000—5% below its all-time high—the market faces increased volatility. Despite this setback, analysts remain bullish about Bitcoin's long-term future, particularly as September 21, a critical date for its price trajectory, approaches.
Market expert Timothy Peterson notes that Bitcoin has concluded the year higher 70% of the time following September 21, with a median rise of 50%. He calls this date “Bitcoin Bottom Day,” implying a price surge.
In 2018 and 2022, Bitcoin saw two of its three downturns during bad markets, which do not represent the current market. He estimates a 90% price increase this year.
Bitcoin's history shows it will keep its gains six months after September 21. Bitcoin is 70% unlikely to sink below $100,000 again, according to Peterson.
Ryan Lee, chief analyst at cryptocurrency exchange Bitget, also credits the Fed's 25-basis-point rate decrease for momentarily driving Bitcoin past $117,000. Increased market liquidity prompted this first reduction in nine months.
The median prediction of just 50 basis points in total cuts for the year may dampen confidence and cause volatility as traders modify their plans, Lee warns.
In this risk-on environment, Bitcoin's position as a hedge is highlighted, particularly with $7.2 trillion in cash-like products.
Lee expects the cryptocurrency to consolidate before hitting $123,000–$150,000 if rate cuts occur.
Bitfinex analysts expect Bitcoin to reach $125,000–$135,000 by year-end due to three rate drops and strong ETF inflows.
They also warn that institutional involvement and ETF assets under management might stabilize Bitcoin between $110,000 and $115,000 if inflation or economic growth indicators prevent the Fed from cutting further.
#BTC #FedRateCut25bps #StrategyBTCPurchase #Write2Earn #AltcoinSeasonComing? $BTC $ETH $XRP
لماذا يعتبر البيتكوين مخزنًا للقيمة مثل الذهب الرقمي؟$BTC
المحتوى:
منذ ظهور البيتكوين سنة 2009، اعتبره الكثيرون مجرد عملة رقمية للتجارب. لكن مع مرور السنوات أثبت أنه أكثر من مجرد وسيلة دفع. البيتكوين اليوم يُنظر إليه كـ ذهب رقمي للأسباب التالية:
1️⃣ الندرة: عدد البيتكوين محدود بـ 21 مليون فقط، مثل الذهب الذي نعرف أن وجوده في الأرض محدود.
2️⃣ اللامركزية: لا تتحكم فيه أي حكومة أو بنك مركزي، مما يجعله محصنًا ضد التضخم المفرط.
3️⃣ سهولة النقل: يمكنك إرسال ملايين الدولارات من البيتكوين في دقائق عبر العالم، بينما الذهب يحتاج إلى وسائل نقل معقدة.
4️⃣ تبنيه المتزايد: من شركات كبرى إلى مستثمرين أفراد، هناك ثقة متزايدة في البيتكوين كأصل طويل المدى.
🔑 الخلاصة:
إذا كان الذهب هو المخزن التقليدي للقيمة منذ آلاف السنين، فالبيتكوين اليوم يمثل$BTC النسخة الرقمية الحديثة، وقد يكون المستقبل
هل ترى ان البتكوين سياخد مكان الدهب في المستقبل؟
# شاركني رايك
#Binance #BTC #USBitcoinReserveDiscussion #BNBChainEcosystemRally #FedRateCut25bps
المحتوى:
منذ ظهور البيتكوين سنة 2009، اعتبره الكثيرون مجرد عملة رقمية للتجارب. لكن مع مرور السنوات أثبت أنه أكثر من مجرد وسيلة دفع. البيتكوين اليوم يُنظر إليه كـ ذهب رقمي للأسباب التالية:
1️⃣ الندرة: عدد البيتكوين محدود بـ 21 مليون فقط، مثل الذهب الذي نعرف أن وجوده في الأرض محدود.
2️⃣ اللامركزية: لا تتحكم فيه أي حكومة أو بنك مركزي، مما يجعله محصنًا ضد التضخم المفرط.
3️⃣ سهولة النقل: يمكنك إرسال ملايين الدولارات من البيتكوين في دقائق عبر العالم، بينما الذهب يحتاج إلى وسائل نقل معقدة.
4️⃣ تبنيه المتزايد: من شركات كبرى إلى مستثمرين أفراد، هناك ثقة متزايدة في البيتكوين كأصل طويل المدى.
🔑 الخلاصة:
إذا كان الذهب هو المخزن التقليدي للقيمة منذ آلاف السنين، فالبيتكوين اليوم يمثل$BTC النسخة الرقمية الحديثة، وقد يكون المستقبل
هل ترى ان البتكوين سياخد مكان الدهب في المستقبل؟
# شاركني رايك
#Binance #BTC #USBitcoinReserveDiscussion #BNBChainEcosystemRally #FedRateCut25bps
🚀 Today Market is Heavy Green 💚 | Bull Run Loading... 🚀
The market is flashing solid bullish momentum, with multiple coins showing strong double-digit gains. Momentum is building, and this signals that a bigger bull run could be on the horizon.
📈 Top Gainers Today:
KMNO 💚 +23.58%
EIGEN 💚 +23.10%
AVNT 💚 +19.19%
W 💚 +17.21%
THE 💚 +11.74%
EPIC 💚 +10.30%
LDO 💚 +10.07%
JTO 💚 +9.68%
AVAX 💚 +9.48%
PENGU 💚 +9.33%
BB 💚 +9.12%
JOE 💚 +8.85%
💚 Top 5 Altcoin Buying Opportunities:
1. $AVNT 💚 – riding strong momentum, could extend higher.
2. $EIGEN 💚 – powerful surge, backed by solid ecosystem demand.
3. $AVAX 💚 – major L1 with renewed strength, perfect for long-term accumulation.
4. LDO 💚 – strong DeFi project, staking growth adds fuel.
5. KMNO 💚 – leading gainer today, early entry may still reward.
👉 Market is giving signals — accumulation zones are forming. Smart entries today can position you ahead of the bull run.
#FedRateCut25bps #BNB1000Next? #cryptouniverseofficial
The market is flashing solid bullish momentum, with multiple coins showing strong double-digit gains. Momentum is building, and this signals that a bigger bull run could be on the horizon.
📈 Top Gainers Today:
KMNO 💚 +23.58%
EIGEN 💚 +23.10%
AVNT 💚 +19.19%
W 💚 +17.21%
THE 💚 +11.74%
EPIC 💚 +10.30%
LDO 💚 +10.07%
JTO 💚 +9.68%
AVAX 💚 +9.48%
PENGU 💚 +9.33%
BB 💚 +9.12%
JOE 💚 +8.85%
💚 Top 5 Altcoin Buying Opportunities:
1. $AVNT 💚 – riding strong momentum, could extend higher.
2. $EIGEN 💚 – powerful surge, backed by solid ecosystem demand.
3. $AVAX 💚 – major L1 with renewed strength, perfect for long-term accumulation.
4. LDO 💚 – strong DeFi project, staking growth adds fuel.
5. KMNO 💚 – leading gainer today, early entry may still reward.
👉 Market is giving signals — accumulation zones are forming. Smart entries today can position you ahead of the bull run.
#FedRateCut25bps #BNB1000Next? #cryptouniverseofficial
Crypto Bulls Charge 🐂 – BTC, ETH & XRP Eye Next Leg Up on Risk-On Wave
Bitcoin surpasses $117,000 following the Fed's dovish interest rate announcement and dot plot.
Despite slight ETF outflows, Ethereum holds $4,600.
As XRP bulls reclaim control, they seek the $3.66 record high.
Bitcoin (BTC) rises beyond $117,000 on Thursday as cryptocurrency market bullishness grows. Altcoin values are rising with BTC, with Ethereum (ETH) and Ripple (XRP) primed for a short-term breakthrough toward their record highs.
Due to a worse job market, rising unemployment, and sticky inflation, 11 of the 12 FOMC members accepted the 25 bps drop, lowering the benchmark interest rate to 4.00%–4.25%.
Today's chart: Bitcoin approaches $120,000
Risk-on mood has pushed Bitcoin beyond $117,000 as investors brace for the effect of expected rate cuts on riskier assets.
BTC's capacity to continue the climb to its August 14 record high of $124,474 will be tested by traders looking for a SuperTrend buy signal.
If investors take early gains, focus may go to uncertain support levels like the 50-day EMA at $113,804 and the 100-day EMA at $111,613.
Daily BTC/USDT chart
Ethereum, XRP may reach record highs
Ethereum is close to breaching a declining trendline barrier that has held since August 24, when it reached $4,956.
Major uptrend support comes from the 50-day EMA at $4,229, the 100-day at $3,786, and the 200-day at $3,327.
Daily ETH/USD chart
However, Ethereum spot Exchange-Traded Funds (ETFs) suffered small outflows of $1.89 million on Wednesday, extending the negative run from Tuesday.
If institutional investors sit on the sidelines and limit their exposure, a significant rise over $5,000 may be unlikely. Ethereum may prefer a fall below the 50-day EMA support around $4,229 to gather more liquidity before making another move.
Defying the next significant obstacle at $3.18, last tested on Saturday, would increase the odds of a positive result toward $3.50 and the record high of $3.66.
#BTC #ETH #xrp #FedRateCut25bps #Write2Earn $BTC $ETH $XRP
Bitcoin surpasses $117,000 following the Fed's dovish interest rate announcement and dot plot.
Despite slight ETF outflows, Ethereum holds $4,600.
As XRP bulls reclaim control, they seek the $3.66 record high.
Bitcoin (BTC) rises beyond $117,000 on Thursday as cryptocurrency market bullishness grows. Altcoin values are rising with BTC, with Ethereum (ETH) and Ripple (XRP) primed for a short-term breakthrough toward their record highs.
Due to a worse job market, rising unemployment, and sticky inflation, 11 of the 12 FOMC members accepted the 25 bps drop, lowering the benchmark interest rate to 4.00%–4.25%.
Today's chart: Bitcoin approaches $120,000
Risk-on mood has pushed Bitcoin beyond $117,000 as investors brace for the effect of expected rate cuts on riskier assets.
BTC's capacity to continue the climb to its August 14 record high of $124,474 will be tested by traders looking for a SuperTrend buy signal.
If investors take early gains, focus may go to uncertain support levels like the 50-day EMA at $113,804 and the 100-day EMA at $111,613.
Daily BTC/USDT chart
Ethereum, XRP may reach record highs
Ethereum is close to breaching a declining trendline barrier that has held since August 24, when it reached $4,956.
Major uptrend support comes from the 50-day EMA at $4,229, the 100-day at $3,786, and the 200-day at $3,327.
Daily ETH/USD chart
However, Ethereum spot Exchange-Traded Funds (ETFs) suffered small outflows of $1.89 million on Wednesday, extending the negative run from Tuesday.
If institutional investors sit on the sidelines and limit their exposure, a significant rise over $5,000 may be unlikely. Ethereum may prefer a fall below the 50-day EMA support around $4,229 to gather more liquidity before making another move.
Defying the next significant obstacle at $3.18, last tested on Saturday, would increase the odds of a positive result toward $3.50 and the record high of $3.66.
#BTC #ETH #xrp #FedRateCut25bps #Write2Earn $BTC $ETH $XRP
Bitcoin Eyes Boost 🚀 – Strong US Stock Market Fuels Bullish Outlook
After a temporary correction below $115,000, Bitcoin has resumed its upward trend after the Fed reduced interest rates.
Leading experts predict that the market's top cryptocurrency may achieve a new ATH in the coming months. Some analysts say this milestone might be reached in two weeks.
New bullish indicators
Market analyst Axel Adler provided crucial signs for this view. He said on X that BTC futures are constantly trading higher than spot pricing. A bullish market environment is indicated by the seven-day basis above the thirty-day average.
According to Adler, Bitcoin's price is 70% likely to maintain its gradual climb or sideways movement over the next two weeks.
He said that a cluster of positive signals—such as rising prices, an expanding basis, and increased open interest—would likely attract more long positions and increase the chance of a new Bitcoin ATH.
Importantly, the Short-Term Holder (STH) Market Value to Realized Value (MVRV) Z-scores for both the 155-day and 365-day periods are around zero, suggesting a balanced market.
Adler says Bitcoin may consolidate over the next week or two before soaring to new highs with its price slightly above its Short-Term Realized Price. Adler predicted a new Bitcoin and digital asset market “uptober”.
US markets have been rising for two weeks, boosting Bitcoin bullishness.
The Bull Theory researchers say Bitcoin rises when US stocks reach new highs.
The figure below shows that following an all-time high in the S&P 500, the Bitcoin price has increased 12% over 30 days and 36% over 90 days. Bitcoin might hit $131,000 and $178,000 if this happened again.
#FedRateCut25bps #AltcoinSeasonComing? #BitcoinETFMajorInflows #USBitcoinReserveDiscussion #Write2Earn $BTC $ETH $XRP
After a temporary correction below $115,000, Bitcoin has resumed its upward trend after the Fed reduced interest rates.
Leading experts predict that the market's top cryptocurrency may achieve a new ATH in the coming months. Some analysts say this milestone might be reached in two weeks.
New bullish indicators
Market analyst Axel Adler provided crucial signs for this view. He said on X that BTC futures are constantly trading higher than spot pricing. A bullish market environment is indicated by the seven-day basis above the thirty-day average.
According to Adler, Bitcoin's price is 70% likely to maintain its gradual climb or sideways movement over the next two weeks.
He said that a cluster of positive signals—such as rising prices, an expanding basis, and increased open interest—would likely attract more long positions and increase the chance of a new Bitcoin ATH.
Importantly, the Short-Term Holder (STH) Market Value to Realized Value (MVRV) Z-scores for both the 155-day and 365-day periods are around zero, suggesting a balanced market.
Adler says Bitcoin may consolidate over the next week or two before soaring to new highs with its price slightly above its Short-Term Realized Price. Adler predicted a new Bitcoin and digital asset market “uptober”.
US markets have been rising for two weeks, boosting Bitcoin bullishness.
The Bull Theory researchers say Bitcoin rises when US stocks reach new highs.
The figure below shows that following an all-time high in the S&P 500, the Bitcoin price has increased 12% over 30 days and 36% over 90 days. Bitcoin might hit $131,000 and $178,000 if this happened again.
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