$BTC is growing rapidly today ahead of the Fed meeting
The bitcoin rate has crossed $59,000 and is approaching $60,000, which is a positive signal against the background of the fact that gold and the dollar fell a little, on the contrary, went down.
Markets are currently awaiting a decision from the Fed, which will announce a rate cut of 50 basis points or 25 basis points.
đȘMicroStrategy is raising additional funds to purchase #BTC
The company plans to sell an additional $700 million in convertible senior bonds to buy back debt and buy more bitcoins.
This is part of the company's strategy, which has been actively accumulating bitcoins since 2020.
MicroStrategy already owns 1.17% of the total BTC supply, and between August 6 and September 12 of this year, the company purchased 18,300 BTC worth approximately $1.11 billion.
đBitcoin's fall to $58,000 is associated with the upcoming Fed meeting
On September 18, Wednesday, the Federal Reserve System will announce a rate cut. No one doubts this anymore, but the chances of a sharper decline of 50 points have increased and uncertainty reigns in the market at the moment.
Forecast: đ50p â 59% đ25p â 41%
Bannockburn Global Forex Chief Market Strategist Mark Chandler noted that this is a rare occurrence.
đ§Historically, the cryptocurrency market reacted positively to the weakening of the Fed's monetary policy. However, Chandler noted that a sharp rate cut could have a negative impact on risky assets such as bitcoin, as the regulator's actions would then signal panic and that the rate should have been cut earlier.
đ€ETH falls 6% amid a wave of FUD on social media
The price of Ethereum fell by 6% in the last 24 hours, from $2,425 on September 15th to $2,260 on September 16th. The asset temporarily dipped below $2,200 during flash crashes on August 5 and September 7 and has now returned to levels not seen since January. Overall, the crypto market was down 4.5%, with ETH suffering the biggest losses. There was a wave of negative news about Ethereum, which increased the pressure on the price of the asset.
Also, according to data from Binance, ETH vs. Bitcoin fell below 0.04, hitting a new low since April 20, 2021 at 0.03985.
đNews on #BTC. Yesterday there were several signals:
đ#BlackRock: "Bitcoin can protect against declining trust in governments, banks and fiat currencies."
đ»Robert Kiyosaki: "Stop saving dollars, fake money.... and start saving gold, silver and bitcoins... real money." đReserves of the largest#BTCMarathon miner reached record highs.
#MicroStrategybought $1 billion worth of bitcoins.
The result:#BTCETFinflows totaled $263m â a weeks high. The price of bitcoin increased to $60 thousand.
đBitcoin-whales became more active on the eve of the release of inflation data in the USA
According to IntoTheBlock, the number of large transactions (at least $100,000) increased from 12,560 to 16,240 during September 7-9. Whales became more active as#BTCfell to $54k. During the week, holders moved more than $70 billion. Expectation
Analysts expect inflation in the US (US CPI) to be at the level of 2.6% (the previous level was 2.9%).
đ§If there is such a result or lower, then the market should consider it as a signal for a mild reduction in the key rates of the Fed, which will have a positive effect on the crypto market.
Specific terms for migration have not been determined.
For owners of MATIC in the Polygon network, the transition will occur automatically. However, those holding assets on Ethereum or various centralized exchanges will need to follow certain migration procedures.
Stakers who sent their MATIC to Ethereum will be able to automatically switch to POL or opt out.
đThe number of bitcoins on exchanges continues to decrease to record levels
This is happening against the background of testing the psychological mark of $60-61 thousand. Analysts believe that this is a positive sign, since the supply of #BTC on the exchanges is decreasing.
Coin volume is down nearly 13% year-to-date and currently stands at 2.62 million #BTC across all major cryptocurrency exchanges.
+30% in the last day despite the general correction of the market. One of the key factors behind the growth of#DOGSis the active and large community on Telegram, which already has more than 50 million users and thanks to which the influence and reach of the token is constantly increasing.
đBinance supported rebranding of token #matic on #POL
The crypto exchange will delete all trading pairs from #matic and accordingly replace them with the new ticker #POL. It will take place on September 10-13. MATIC deposits will be unavailable, assets will be converted to POL on a 1 to 1 basis.
It was previously reported that#Polygonwill migrate MATIC tokens to POL. The new token will preserve MATIC's Tokenomics, Allocation and Total Offering.
For owners of MATIC in the Polygon network, the transition will occur automatically. However, those holding assets on Ethereum or various centralized exchanges will need to follow certain migration procedures.
Stakers who sent their MATIC to Ethereum will be able to automatically switch to POL or opt out.
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