#Fed has only started to cut interest rates by more than 25bp in 2001 and 2007 since 1980.

🔸It has always cut interest rates by 25bp at the beginning of other interest rate cut periods.

🔸It is expected that the new discount cycle will start at 21:00 with a 60% chance of 50bp cut.

💫 Details of Donald Trump's crypto project World Liberty Financial were revealed in a Space broadcast at night.

•The broadcast, in which Trump once again announced his support for the#cryptoworld, lasted more than 2 hours.

•According to the shared details, the project token will be #WLFI. 63% of the#tokenswill be allocated to the general audience, 17% to user rewards, and 20% to the project team and advisors.

#Bitcoin dominance, which is closely monitored for possible increases in altcoins in particular, has reached 58% for the first time in 3.5 years.

This data is closely monitored to understand when strong movements will begin, especially in altcoins. Because the periods when dominance peaks and begins to decline historically coincide with the beginning of bull markets in #altcoins.

The British High Court has ruled that Tether's#USDTstablecoin is property.

#Bitcoin tested the resistance at 59.480$ as of now.

Source: Selcoin

Daily Outlook:#USStocks on the Rise

September 12, 2024 - We reviewed the latest price action and developments in the crypto markets👇

Bitcoin (#BTC) rose above $58,000 in the morning hours, following a rally in US tech stocks and gains in Asian stock markets.

Leverage in the#Bitcoinmarket is increasing again, suggesting that traders are willing to take more risk.

DeFi platform Pendle has started offering variable-yield pools of up to 45% based on a bitcoin-backed token.

#The European Central Bank cut interest rates by 25 basis points.

Gemini Exchange, one of the largest cryptocurrency exchanges in the USA and owned by the Winklevoss twins, known for supporting Donald Trump, conducted a comprehensive study on the cryptocurrency industry.

Our country was also included for the first time in the study, in which questions were asked to a total of 6 thousand people from the USA, England, France, Singapore and #Turkey.

The report, which stated that the Turkish people have a positive perspective on #cryptocurrencies, wrote that 58% of the people own crypto, while 65% of the crowd that does not own crypto are considering buying as of next year. The report also stated that “Crypto is booming in Turkey.”

It was stated that Turks are closely interested in trading, also known as buy-sell, and that 62% of the crypto-owner crowd is #trading. It was written that this rate is 43% in other countries where the research was conducted.

💫 Standard Chartered announced that it expects the#Bitcoinprice to break a record by the end of the year, regardless of the#USelection results.

💫 Ark Invest bought $8.4 million worth of#Coinbasestock (#COIN).

🔥🔥🔥 A business that trades#cryptocurrencyin #Istanbul, Esenyurt was hit by a hail of bullets.

Fortunately, no one was killed or injured in the incident, and police teams are continuing their investigation.

Indonesia's largest cryptocurrency exchange Indodax hacked, $22 million evaporated.

Here are some of the stolen assets from the exchange:
$6.14M USDT
$1,047 ETH ($2.48M)
$25 BTC ($1.41M)
$2.2M MATIC ($849K)
$1.4M ARB ($749.6K)
$2M ENA ($465K)

Cryptocurrencies were not mentioned in the debate between Donald Trump and Kamala Harris.

In addition, Trump's chances of winning in the#Polymarketafter the program dropped from 52% to 50%, causing selling pressure in the market.

#Bitcoin spot#ETFsin the#USclosed yesterday's trading day with a $116 million increase. While there was no exit from BlackRock and Grayscale, Fidelity 63, Grayscale's mini#BTCfund also received $41 million in investment.

Ether spot ETFs also turned positive after 2 days and saw an inflow of $11.4 million.

Michael Saylor: Buy#Bitcoinand wait 4 years, that's the advice I would give to anyone.

📈The estimated leverage ratio across all crypto exchanges reached its highest level in 2024.

(This shows that#Bitcoininvestors are taking high risks)

Source: user: YOYOW

💫 Japanese company Metaplanet bought another $2 million (300 million yen) worth of Bitcoin.

•Metaplanet's total reserves reached 399 #BTC.

#Bitcoin ETFs See $28.7 Million Inflows After Record Losses

ETFs, which have been losing money since August 27, saw their first net inflows in September, a month that traders warned was bearish for the leading cryptocurrency.

The outflows in#ETFsindicate a lack of new demand from professional investors.

The outflows brought net inflows below $17 billion, levels last seen in July.#BTCprices have fallen by about 15% in the past two weeks.

Daily Outlook: Bitcoin $55,000 Ahead of Trump-Harris Match

1-#Bitcoinrose above $55,000 in the European morning hours after remaining between $54,000 and $55,000 throughout the weekend.

This week, investors will be watching the August CPI and PPI data to be released on Wednesday and Thursday, respectively. Before that, presidential candidates Donald Trump and Kamala Harris will face off before November.

2- Bernstein emphasized that#Trumpis ambitious about making America the "bitcoin and crypto capital of the world" and mentions digital assets in every policy speech he makes.

Brokerage firm Bernstein said in a research report published today that if Donald Trump wins the US elections in November, bitcoin is expected to reach new highs towards the end of the year and the cryptocurrency could reach $90,000 by the fourth quarter.

3- Cryptocurrency exchange Woo X has introduced a “more advanced and fairer version” of copy #trading, which means trading by imitating the market activities of experienced traders.