Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (2,093)
  • Analysis (2,256)
  • Bitcoin (2,856)
  • Blockchain (1,742)
  • DeFi (2,058)
  • Ethereum (2,048)
  • Event (71)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (2,103)
  • Press Releases (10)
  • Reddit (1,509)
  • Regulation (1,971)
  • Security (2,731)
  • Thought Leadership (3)
  • Videos (43)
Hand picked
  • Abracadabra loses $1.8 million in protocol’s third major DeFi hack since 2024
  • The mystery of the beauty of electronics – please, it’s not a secret for Nicolas
  • Zcash’s 12% Daily Rally Analysis – Can ZEC Retest $300 Next?
  • BitMine Bags $400 Million in ETH as Ethereum Trends on Social Media
  • Bitcoin Falls as Trump Team Stands Firm on China Trade
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Market»Bitcoin climbs to one-month high as rate cut euphoria fades
Market

Bitcoin climbs to one-month high as rate cut euphoria fades

September 23, 2024No Comments
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Bitcoin Btc Price Chart Gid 7.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin traded just below its one-month high on Monday, extending last week’s gains in cryptocurrencies and risk assets including stocks following the U.S. Federal Reserve’s rate hike decision.

The Fed cut its benchmark interest rate by 50 basis points on Wednesday, beating economists’ expectations for a quarter-percentage-point cut. It also marked the first time the central bank has cut its rate in 2018. four years.

Cryptocurrency analysts welcomed the move as a positive catalyst for market activity, especially as Bitcoin, a key market indicator, has yet to regain its March all-time high of over $73,800 this year.

The asset is up 2% on the day to $64,000, its highest point since August 26, according to data from CoinGecko.

“Given that cryptocurrencies are fundamentally a risk asset class, we believe the shift to a lower interest rate regime represents a significant bullish catalyst,” said Matthew Graham, Managing Partner at Ryze Labs. “Over the past several years, cryptocurrency prices, including Bitcoin, have been driven by global macroeconomic conditions more than any other factor.”

In adjusting the federal funds rate, the Fed aims to manage inflation, promote employment and maintain economic stability. The central bank hopes to strike the right balance between overstimulating the economy, which would lead to another cycle of high inflation, and missing the mark by not cutting rates drastically.

As the US Fed begins its tapering cycle, Bank of Japan The Fed voted Friday to keep interest rates unchanged. At the same time, the Bank of England announced a pause in its rate-cutting policy, opting instead for a “gradual approach” after its first rate cut in August.

Central bank interest rate decisions influence liquidity and investor behavior, which impacts the amount of capital flowing into speculative assets like cryptocurrencies. Divergent policies, such as the Fed cutting rates while other banks hold or pause, create uncertainty that can cause volatility in the cryptocurrency market or a pause in price growth.

With much of the rate cut euphoria and speculation now behind us, cryptocurrency prices may be taking a “breathtaking breather,” QCP Capital wrote in a press release. note late Friday night.

The Singapore-based digital asset trading firm interpreted a recent drop in volatility in Bitcoin options contracts as the market’s response to the ongoing path “toward policy normalization.”

A decline in volatility typically reflects less extreme price movements and suggests that traders do not expect dramatic changes in the short term.

Daily report Newsletter

Start each day with today’s top stories, plus original features, a podcast, videos and more.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleSky, Formerly Known as MakerDAO, to Launch USDS on Solana via Wormhole
Next Article Swiss crypto bank Sygnum gets license in Liechtenstein for EU expansion

Related Posts

Market

Here’s What Investors Need to Know About This Weekend’s Massive Crypto Rout

October 16, 2025
Market

MARA Holdings Buys $46M in Post-Crypto Bitcoin Market Drop

October 16, 2025
Market

Why crypto collapsed briefly but dramatically when Trump renewed his trade war

October 16, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Event

WOW Summit Hong Kong 2025 Concludes, Cementing the City’s Status as a Global Tech Epicenter

October 15, 2025

Hong Kong once again became the heartbeat of global innovation as WOW Summit Hong Kong…

Event

bepay money to Launch $1 Million Bitcoin Rewards Program at Invest Payments & Banking Forum Dubai 2025

October 13, 2025

 Global Cross-Border Payment Platform Partners with Giakaa Capital to Engage $1 Trillion+ AUM Representatives and…

1 2 3 … 57 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Zcash’s 12% Daily Rally Analysis – Can ZEC Retest $300 Next?

October 16, 2025

Coinbase gives in to pressure – finally lists rival Binance’s BNB amid listing drama

October 16, 2025

MetaMask partners with Polymarket to add prediction markets

October 16, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 111,380.84
ethereum
Ethereum (ETH) $ 4,054.05
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,185.95
xrp
XRP (XRP) $ 2.45
solana
Solana (SOL) $ 197.16
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,052.94
tron
TRON (TRX) $ 0.322526
dogecoin
Dogecoin (DOGE) $ 0.200012