Bitcoin (BTC) Update: Bitcoin's price has been volatile ahead of the Federal Open Market Committee (FOMC) meeting dipping as low as $59,500 on Binance . Market participants are bracing for a hawkish stance from the Federal Reserve with expectations set for unchanged interest rates. The probability of no interest rate cuts this year has increased to 36% .
Binance Coin (BNB) : Binance Coin's market cap is one of the largest on the market with over $81 billion at the time of writing .BNB's price is supported by the large number of businesses accepting the coin as a form of payment.
Ethereum (ETH) : Update Ethereum's price has also been affected by market uncertainty, with some analysts predicting a 30% correction before a potential rally . Ethereum's market cap is around $290 billion, with a circulating supply of over 120 million ETH . The Ethereum network has undergone significant upgrades, including the transition to a Proof-of-Stake consensus mechanism, which has reduced energy consumption by 99.95% Please note that cryptocurrency prices can fluctuate rapidly and may be affected by various factors including market sentiment regulatory developments and global events.
Great news for crypto enthusiasts.Bitcoin Ethereum and BNB are experiencing a positive trend today and driven by anticipation of a potential 50-basis-point interest rate cut by the Federal Open Market Committee (FOMC) . This cut could lead to a significant bull run in the crypto market, with Bitcoin historically performing better in Q4 raising an average of 88.84%
đšToday's Market Highlights:
_Bitcoin (BTC)_ is up 4% in the past 24 hours climbing above $60K
_Ethereum (ETH)_ saw a 4% increase with its liquidations hitting $26.80 million
_BNB_ rose 3% alongside other altcoins like Solana and XRP
The Korea Premium Index is also driving price surges in South Korea's crypto market where institutional trading plays a pivotal role . Additionally the upcoming FOMC meeting has sparked investor interest with the CME Fed Watch Tool indicating a higher probability of a 50-basis-point rate cut.
đšWe're only 1 day away from the Shaping the Future of Web3.0 Conference in Singapore.
The highly anticipated Shaping the Future of Web3.0 Conference is just around the corner.Taking place tomorrow, September 19th, 2024, at the prestigious Fairmont Hotel Singapore - Stamford Ballroom, this groundbreaking event promises to bring together innovators, thought leaders, and industry experts. From 9:30 am to 5 pm (GMT+8), attendees will engage in insightful discussions, networking opportunities, and explore the latest Web3.0 trends. Join the conversation shaping the future of Web3.0
đ 19th September 2024 â9:30am - 5pm (GMT+8) đFairmont Hotel Singapore - Stamford Ballroom
đšIs Donald Trump Silenty Worlds Liberty Finance?
Donald Trump was surprisingly quiet about his crypto project, World Liberty Financial, during his recent "State of Crypto address" on X Spaces. Despite billing the livestream as a major announcement, he only mentioned the word "crypto" once, saying, "We're going to make our country greater than ever before, and you're going to be happy, and you're going to love your crypto.
It wasn't until two hours into the livestream that one of the project's leaders, Zak Folkman, shared details about the project's token, WLFI. According to Folkman, WLFI tokens will be non-transferrable and used for governance purposes only, allowing holders to make proposals and vote on matters related to the platform. #DonaldTrumpCoin #WLFI
#ETH #BTC #BNB ETH: 4.63% drop in the past month, but 9.37% increase in the past 6 Months BTC: Bearish on daily timeframe, but bullish on weekly timeframe BNB: Incentivizing community participation with trend posting rewards . What's your market prediction?