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Заголовок Bitcoin Pumps to $64K, Fed Cuts Rates, Saylor Buys More BTC: This Week’s Recap
Дата 20240920

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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Pumps to $64K, Fed Cuts Rates, Saylor Buys More BTC: This Week s
Recap

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Pumps to $64K, Fed Cuts Rates, Saylor Buys More BTC: This Week s
Recap

Author: George Georgiev

Last Updated Sep 20, 2024 @ 14:21

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price gained almost 8% in the past week on the back of
exciting news from the US Federal Reserve and MicroStrategy.

There s been no shortage of news over the past seven days. During this
period, the total cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market capitalization managed to add close to
$140 billion. This happened on the back of significant gains charted by the
majority of coins, so let s take a closer look.

First things first, the long-anticipated rate cut is now a fact. The US
Federal Reserve
announced on Wednesday that it is decreasing interest rates by
0.5%, a considerable move that sent ripples across all financial markets, and
crypto was no exception.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price exploded on the news and reached $64K on the day after.
This brings its total gains for the weeks to 7.9%, at the time of this
writing. It s worth noting that the bulls were unable to sustain the
positive momentum and the sellers are currently attempting to push the price
back toward $62,000. It s worth keeping an eye on the markets over the
weekend when the liquidity is generally thinner and smaller sums can cause
larger moves.

That said, one of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s most vocal proponents didn t fail to
surprise us• Экономика » Финансы » Платежные средства » Доллар США.

Michael Saylor announced Friday another whopping Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin buy. His company
MicroStrategy bought $460 million worth of BTC priced at
$61,750. The company is currently sitting on paper profits of almost $6
billion. That s a 60% gain. Diamond hand Saylor, indeed.

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Elsewhere, in unfortunate news, the popular Singapore-based crypto exchange
BingX has apparently been hacked. One of its hot wallets was compromised,
leading to a reported loss of around $52 million.

All in all, the week has been favorable for most of the altcoins as well.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum has gained 6.3%, BNB 3.5%, SOL 10.%, and so forth. Of
course, there are those which failed to capitalize on the move such as XRP,
which is only up 1.8%, DOGE, which is actually losing 0.8% during the week and
so forth.

With the US Federal Reserve staying true to its word and essentially reversing
its fiscal approach, as well as the incoming presidential elections in
November, we re sure in for a wild ride in the next couple of months!

Market Data

Market Cap: $2.278T | 24H Vol: $107B | BTC Dominance: 54.4%

BTC: $62,629(+7.9%) | ETH: $2,522(+6.3%) | BNB: $565 (+3.5%)

This Week s Crypto Headlines You Better Not Miss

Federal Reserve Announces 0.5% Interest Rate Cut, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Soars Above $60K.
The long-anticipated rate cut is finally here! The US Federal Reserve
decreased the rates by 0.5% in the first reduction in more or less four years.
The markets reacted positively to the news, with the BTC price surging to $64K
after it.

MicroStrategy to Raise Another $700M, Might Buy More Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. The largest
corporate Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin HODLer, MicroStrategy, announced plans to raise another $700
million. Although $500 million of that will be used to pay off existing debt
and redeem outstanding senior secured notes, the remaining might go for buying
more BTC.

Singapore Crypto Exchange BingX Suffers Hot Wallet Exploit, Over $52M
Reportedly Stolen. Popular Singapore-based cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange BingX
suffered a hot wallet exploit. The attack affected several blockchains.
Experts are estimating the total loss to be over $52 million. Withdrawals and
transfers have been suspended.

Solana Reveals Details of Its New Seeker Crypto Smartphone. After the success
of its previous iteration, Solana has introduced a new smartphone called
Solana Seeker. It s designed as a Web3 device and combines
interesting hardware decisions in conjunction with specialized software.

All These Central Banks May Cut Rates Soon: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price to $100K? The
US Federal Reserve has announced its decision to cut interest rates, and many
other central banks are expected to follow suit. Many believe this will spell
good news for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and the rest of the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта market.

3 Bullish Signals for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s Price as Uptober Approaches. October is
traditionally a good month for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. It s no coincidence that many in
the community are referring to it as Uptober. Here are three
bullish signals that may provide for additional increases in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s
price.

Charts

This week, we have a chart analysis of Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum, Ripple, Cardano, Binance
Coin
, and Solana – click here for the complete price analysis.

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Tags: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price MicroStrategy

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