Today (September 17), the Crypto market continues to witness unpredictable developments as the price of BTC (Bitcoin) extends its streak of declines to 4 days.


As of writing, BTC is currently trading around $57,800 - down nearly 2% over the past 24 hours. ETH is down 1%, BNB is down 3% while SOL is up slightly by nearly 1% thanks to the positive effect of Binance listing a series of memecoins.


In the context of the red market, there are still a few coins that go against the market's downward trend such as ARDR (up 18%), IDEX (up 16%), CVC (up 10%), ...

Highlights:
$BTC - Investors are turning their attention to the US Federal Reserve's interest rate decision on September 18. According to CME FEDWatch, the probability of the Fed cutting interest rates by 0.5% has jumped to 61% - indicating that many traders expect the Fed to cut interest rates aggressively.


$KCS - After Binance, it's KuCoin's turn to airdrop to people affected by Typhoon Yagi. Eligible users can receive an Airdrop worth $20 from KuCoin. According to data from CoinShares, $436 million has been poured into Crypto funds last week, with $BTC Short funds withdrawing heavily ahead of the FED's interest rate cut.


Important information about other coins:
$BTC - MicroStrategy has once again announced a $700 million bond offering to raise funds to purchase more BTC.

$PRIME - Arbitrum Delta Prime DeFi project was hacked for $6 million due to the hackers' Private Keys falling into their hands. PRIME token dropped more than 5% after this news.

$NEIRO - Binance listed 3 Memecoins NEIRO, TURBO, 1MBABYDOGE on the afternoon of September 16. These coins quickly attracted great attention from traders, especially NEIRO, which reached a trading volume of nearly 230 million USD in less than 24 hours.

$SOL - Solana Breakpoint Conference will take place from September 20th. starting on September 20th. This is Solana's biggest conference of the year, bringing together many of the world's leading developers and experts.

$USDC - Circle Announces Partnership with Sony Block Solutions Labs to Integrate USDC into Layer 2 Soneium.

$MKR - Sky Protocol (formerly MakerDAO) will officially launch its governance token SKY and stablecoin USDS on September 18.

DePIN project Pipe Network has just raised $10 million from Multicoin Capital and several other funds such as Robot Ventures & Solana Ventures.

El Salvador President Nayib Bukele praised the importance of BTC in creating strong national reserves. He said El Salvador will no longer depend on foreign debt to finance the national budget.

According to the US Federal Prisons Website, Chapeang Zhao (CZ) will be released from prison next week (September 29).