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Moo Deng Price Nearly Doubles in a Day as Meme Coins Outpace
Bitcoin
Gains
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Bitcoin surged to $66k today, setting a fresh two-month high and marking its best performance ever in September. This rally comes as global economic factors and institutional demand combine to drive the token price upward. Bitcoinâs price increase mirrors the sharp rise in Chinese stocks, fueled by Chinaâs recent economic stimulus measures. The Shanghai Composite Index recorded its best week since 2008, thanks to the stimulus, which also boosted BTC by 3% week-to-date. âThis feels frighteningly familiar,â commented trading resource The Kobeissi Letter on the sudden market rise. In the US, the FEDâs recent 50-basis-point rate cut, announced on September 18, provided further momentum. The S&P 500 has set repeated all-time highs following the announcement, while the Personal Consumption Expenditures (PCE) Index print for August met market expectations. The next Fed meeting in November could see another rate cut, with the odds of a 50-basis-point cut standing at 52% according to the CME Groupâs FedWatch Tool, further fueling market optimism. Institutional demand remains strong, with BlackRock, continuing to buy Bitcoin. BlackRock has purchased more Bitcoin this week than any exchange-traded fund (ETF) has sold in the past three weeks. Positive inflows continue across other institutions offering Bitcoin ETFs, with yesterdayâs ETF inflows reaching $365 millionâthe highest in over two months. Adding to the bullish sentiment, Binance founder Changpeng Zhao (CZ) will be released from jail today. With China printing money, the Federal Reserve cutting rates, and institutional interest at an all-time high, Bitcoinâs strong September could pave the way for continued bullish action in October, which has historically been the best month for Bitcoin. đđ)))))
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Binance founder CZ could get out of prison today, BOP guidelines suggest Zhao might get out two days earlier than his scheduled release date due to federal prison guidelines for weekend releases.
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Crypto investor turns $1,300 into $3.4M in 15 days A crypto trader turned $1,331 into $3.4 million by investing in Moo Deng, but liquidity concerns and insider suspicions arose. A cryptocurrency investor achieved a remarkable 2,554-fold return on a well-timed $1,300 investment in the hippo-themed Moo Deng (MOODENG) token. However, this gain has raised suspicions among some community members who speculate that an insider or developer may have been involved. On Sept. 25, onchain analytics firm Lookonchain identified a crypto trader on the Solana blockchain who traded their way into becoming a millionaire in two weeks. Data from Solana Blockchain explorer Solscan shows that on Sept. 10, the crypto investor sold 9.8 Solana SOL tickers down $155.05 worth $1,331 to purchase 38.7 million MOODENG tokens.đđ)))))
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PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto The service won't be available to New York state businesses in the beginning.đđ)))))
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Cryptocurrency News Today: Shiba Inu (SHIB) vs. GoodEgg (GEGG), Traders Gear Up for Key Price Predictions on September 28đđ)))))
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