As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news. History hasn’t been kind to bitcoin in September; over the past 11 years, it has ended the month on a downward trend 72.73% of the…
Following the release of the FOMC minutes, Bitcoin’s price rose by 2.53%, surpassing $61,000, while the overall crypto market increased by 2.35%. Alongside Bitcoin’s resurgence, altcoins demonstrated even stronger gains. Binance’s BNB coin jumped 4.26% as the exchange announced plans to hire 700 employees. The world’s largest cryptocurrency, Bitcoin (BTC), along with other altcoins, has…
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of…