"FOMC Meeting: Will a 50 BPS Rate Cut Ignite a Bullish Market Rally?"
Today's FOMC meeting is crucial, and market participants are closely watching for signs of how aggressive the Federal Reserve will be in cutting interest rates. Hereâs a detailed look at potential market reactions based on the anticipated rate cuts:
1. 25 BPS Cut:
Market Reaction: A short-lived market rally followed by a potential downturn.
Sentiment: Likely to turn negative as the market has priced in a 50 BPS cut. The disappointment may result in selling pressure across both crypto and traditional markets.
Reasoning: A 25 BPS cut might be viewed as insufficient to address economic concerns, causing some investors to rethink risk exposure.
2. 50 BPS Cut:
Market Reaction: Immediate bullish response, despite short-term volatility.
Sentiment: Positive, reinforcing confidence in the Fed's commitment to stimulating the economy.
Long-term Outlook: A 50 BPS cut aligns with market expectations and may sustain an upward trend, especially in risk assets like crypto. However, high-leverage positions could lead to short-term liquidations, causing temporary price swings.
In summary, a 50 BPS cut is the more market-friendly outcome, expected to create a positive momentum, while a smaller cut could dampen sentiment and lead to selling pressure.
#BinanceTurns7 #TippingSupport #newsdaily #NewsAboutCrypto
đ **MicroStrategy Ups Convertible Note Offering to $875M for Bitcoin & Debt Redemption!** đ
- **Big Move:** MicroStrategy, a major Bitcoin holder, increased its convertible note offering to $875M, up from $700M.
- **Purpose:** Proceeds will redeem $500M in existing debt and buy more Bitcoin.
- **Details:** Notes carry a 0.625% interest rate, maturing in 2028, and can convert into cash or shares.
- **Recent Acquisition:** Last week, MicroStrategy bought 18,300 BTC for $1.11B, totaling 244,800 BTC in reserves.
đŹ What are your thoughts on MicroStrategy's bold strategy? Comment below! đŹ
đšFed decision day: Here's what to expect from the most important rate call in yearsđ±
đ -- The Federal Reserve is expected to lower interest rates on Wednesday for the first time in over four years, reversing the restrictive measures put in place to control inflation. However, there is ongoing debate over the size of the rate cut.
đTheir decision on how to begin this easing cycle - just under two months before a closely contested U.S. presidential election - will likely depend more on the message that Chair Jerome Powell and the Fed policymakers want to send as they shift from the highest interest rates in 25 years, rather than on immediate macroeconomic concerns.
A half-percentage-point cut, now seen as having over a 60% probability in futures markets, would signal the Fed's commitment to maintaining economic expansion and job growth, which Powell has emphasized as a priority, with inflation nearing the 2% target.
#Token2049 #BinanceLaunchpoolHMSTR #FOMC #NeiroOnBinance #BinanceLaunchpoolCATI $BTC $ETH $BNB
Aethir and Xai announce the launch of $10M ecosystem grant program
#Aethir joins forces with #Xai , a #Layer3 solution for #Web3 gaming, to launch a $10M ecosystem grant program to support AI-powered gaming projects. The Aethir and Xai ecosystem grant program seeks to transform gaming by offering decentralized infrastructure. Aethir's #DePIN stack maximizes cloud computing efficiency using idle GPUs, while Xai provides game developers with tools via infrastructure supported by decentralized nodes.
Aethir $ATH is a decentralized GPU cloud infrastructure positioned as an enterprise-grade AI-focused GPU-as-a-service provider tailored for AI and gaming. Backed by Framework Ventures, Merit Circle, Hashkey, Animoca Brands, Maelstrom, Mirana Ventures and others, Aethir has raised over $32M for its ecosystem.
đ blog.aethir.com/blog-posts/aethir-and-xai-launch-a-10m-ecosystem-grant-program-to-support-ai-powered-gaming-projects
đ **BNB Chain Announces Gasless Stablecoin Transfers!** đ
BNB Chain is teaming up with centralized exchanges to offer fee-free stablecoin deposits! This exciting feature will support major stablecoins like USDT, USDC, and FDUSD.
đč **Key Highlights:**
- Gas fees covered by MegaFuel, a solution by NodeReal.
- Supported exchanges: Binance, Bitget, Gate.io, HTX, MEXC.
- Wallets: Bitget Wallet, SafePal, with Binance Web3 Wallet and Trust Wallet to follow.
- Cross-chain transfers via Celer.
đŹ **What do you think? Will this make crypto more practical for daily use? Share your thoughts below!**
#CryptoNews #BNBChain #Stablecoins
đ Former Coinbase execs are back with a bang! True Markets just launched TrueX, a non-custodial, stablecoin-native exchange. The twist? They're using PayPalâs PYUSD as their default settlement currency. With $9M in seed funding from big names like Paxos and Solana Foundation, TrueX aims to make crypto trading safer and more trusted.
- Founders: Vishal Gupta and Patrick McCreary, both ex-Coinbase and Goldman Sachs.
- PYUSD: Backed 1:1 by the US dollar, boasting a market cap of $730M.
- Target: US-based institutions first, then international.
Stay tuned for more crypto magic! đ
**Infinex Patron NFTs: $40M in Four Days! đ€**
- Infinex's latest Patron NFT collection has raked in over $40 million in just four days, despite the NFT market's sluggish vibes.
- The non-custodial platform is making waves, with 74% of Patron NFTs already sold and six days still to go.
- Kain Warwick, Infinex Core's working group lead, is pumped about the investor interest and expects even more excitement in the next phases.
- Infinex also hit a $150 million TVL peak, thanks to its "launch season" campaign.
- While blue-chip NFTs like CryptoPunks and BAYC are down, Infinex is showing there's still gold in them digital hills!
$SOL $SOL $SOL #solonapumping
{spot}(SOLUSDT)
**Solana ($SOL) Analysis: Bullish Pattern Emerging as Open Interest Rises**
Currently, Solana (SOL) is experiencing mild volatility with a slight 0.5% gain, trading at $132. However, overall market volumes have decreased by 10% in the last 24 hours due to uncertainty around potential interest rate cuts.
Solana has been stuck in a falling wedge pattern for some time without breaking out bullishly. This pattern's narrowing range indicates that selling pressure may be easing, making an upside breakout more likely.
For a breakout to occur, SOL needs to surpass the $139 resistance level. Solana has faced repeated rejections at this price due to high selling activity, which has led to traders exiting their positions.
Buying momentum needs to increase to support a breakout above the falling wedge's upper trendline. The Relative Strength Index (RSI), currently at 44, shows that there are more sellers than buyers. If the RSI crosses above its signal line, it could signal a buying opportunity. Conversely, if the RSI moves below, it might indicate a sell signal, potentially pushing SOL down to test the $127 support level.#Write2Earn! #Solana_Blockchain #Write2Earn! #SolanaUSTD
How may the Fed meeting affect Bitcoin?
A 50 bps decrease is 67% likely, according to the market.
Rate decreases traditionally boosted Bitcoin.
Could 50 bps rekindle recession fears?
Bitcoin bulls may test 60k-61k if they respond positively.
The Federal Reserve's two-day monetary policy meeting begins today and ends Wednesday. The US central bank will lower rates, but how much and what will Bitcoin do?
Market expectations are high that the Fed will start this rate-cutting cycle with a big decrease. The Fed funds report that the market is pricing in a 67% chance of a 50 basis point rate decrease, up from 35% a week earlier.
There are pros and cons to a 25- or 50-basis-point rate drop. The hotter-than-expected monthly core inflation reading shows that inflation remains sticky, favoring a 25-basis-point decrease. The softening labor market and faster-than-expected economic slowdown suggest a greater Fed move.
Whether the Fed cuts by 25 or 50 basis points, the market will likely witness higher volatility due to pricing uncertainty.
How did Bitcoin respond to rate cuts?
Bitcoin has historically benefited from Fed rate decreases. Bitcoin rose in March 2020 as the Fed cut rates in reaction to the epidemic.
When the Federal Reserve reduces interest rates, liquidity improves, which benefits risk assets like Bitcoin and equities. Crypto is bullish when a rate-cutting cycle begins.
However, a 50-basis-point Fed rate drop might startle the market. Bitcoin fell below 50k after the weaker-than-expected July non-farm payroll data raised concerns of a harsh landing. An outsized boost risks giving the impression that the Fed is behind the curve and needs a 50-basis-point hike to avert a catastrophic landing. This might rekindle recession worries, hurting risk assets including Bitcoin.
Since Bitcoin has rebounded from its September low of 52.5k and expectations of a 50 basis point drop have increased, this isn't our base case scenario. With this in mind, an outsized cut and soothing Fed statements might boost the digital asset.
FOMC #BTC
$G is heading down! Hereâs why â ïžđ
Gravityâs ($G) chart is flashing some warning signs, folks. The price is struggling to stay above $0.0348, with the moving averages sloping down â the 7-day and 25-day SMAs both acting as resistance levels. The 99-day SMA looms above at $0.0341, and it doesnât look like G has the momentum to push through. The MACD is also painting a bearish picture, with a small but steady divergence forming. The histogram is in negative territory, showing decreasing momentum, and we could see more downside pressure if buyers donât step in soon.
Volume is sitting at 3.66M, which suggests there isnât enough interest to break out of this downtrend yet. Watch for potential support around $0.0320, but if that breaks, $G could be in for a rough ride. Keep an eye on this one, but for now, it looks like the bears are in control đ».