The crypto market saw €450 million in liquidations over 24 hours as Bitcoin and Ethereum prices dropped sharply, despite bullish news from the Federal Reserve’s rate cut.
A large entity transferred 43,500 Bitcoin to exchanges ahead of the FOMC meeting. This analysis explores the potential market impact, technical outlook, and liquidity levels for BTC.
American entrepreneur Vivek Ramaswamy’s firm, Strive, has announced a $500 million ‘at-the-market’ offering to purchase Bitcoin and related products. The move underscores growing institutional interest in Bitcoin as a corporate reserve asset, with Strive already ranking among the top corporate holders.
The U.S. Office of the Comptroller of the Currency (OCC) has issued new guidelines allowing banks to facilitate crypto transactions under strict conditions, potentially boosting institutional adoption and market liquidity.
The US Federal Reserve appears increasingly nervous about underlying weaknesses in the economy, prompting potential rate cuts and T-bill purchases. While this move aims to stabilize the financial system, analysts suggest it’s more about buying time than sparking a new bull run for Bitcoin.
The Federal Reserve’s upcoming interest rate decision is expected to be a 0.25% cut, which could positively impact the crypto market by making borrowing cheaper and saving less attractive.
A new study reveals that pharmacy assistants have the most stressful job in the Netherlands. Despite a recent significant pay raise, the profession grapples with high work pressure, staff shortages, and aggression from patients.
Bitcoin’s traditional four-year cycle, driven by halving events, may be ending as institutional money and macro factors reshape market dynamics, according to Grayscale.
Solana is facing significant pressure as liquidity dries up, raising the risk of a sharp price decline. Hundreds of millions in leveraged positions are threatened, though the launch of new ETFs offers a glimmer of long-term hope.