🆕24h Crypto Market Overview

⏰Thursday, September 19, 2024

♨️Overview:

With both the job and inflation picture easing, the FED decided to cut interest rates by 0.5%.

This was in line with expectations, but the market reacted very mixedly before, during and after the news. In the long run, it can be seen that inflation is cooling down. This is the first interest rate cut since the early days of the Covid pandemic. Hopefully, the economy will recover soon so that the market can go up. BTC ETF funds also had a strong buying session with positive inflows of more than $186M, the 4th consecutive positive day.

This season, BTC has reached ATH, but many Altcoins are still diligently searching for the bottom. How are your Altcoin accounts?

♨️ETF Updating (16/09/24):

💰Bitcoin ETF Spot: 🔴52.7M 

🔹Etherium ETF Spot: 🔴14.7M

🎯Weekly Highlights:

◾️Binance Starts Farming for Hamter Combat

◾️Thursday: FED Cuts Base Rate by 0.5%.

❇️Top Gainers/Losers:

🟢$FTM   14%   🔴$KCS   4%

🟢$SEI     11%    🔴$LEO  4%

🟢$SUI 11%     🔴$FLR    1%

🆕Hot News:

- Top crypto VC Dragonfly is trying to raise another $500M fund👉Bloomberg

- Swiss stock exchange wants to set up a crypto exchange👉FT

- Binance Labs invests in Hemi Labs, an L2 blockchain integrating Bitcoin and Ethereum for enhanced security and programmability.👉Binance Labs

- Fintech giant Revolut plans to launch stablecoin👉CoinDesk