Bitcoin Price Drops To $115K After Rate-Cut Rally — But BTC Far From Capitula...
On Thursday, September 18, the Bitcoin price enjoyed some form of rejuvenation following the outcome of the United States Federal Open Market Committee (FOMC) meeting. Federal Reserve Chair Jerome Powell announced an interest rate cut for the first time in 2025. The general crypto market rallied on the back of this rate cut announcement, with the Bitcoin price running to a monthly high and almost breaking above the $118,000 level on the day. However, the premier cryptocurrency has failed to build on this momentum, retreating to around $115,500 on Friday, September 19. With price unable to....
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Bitcoin (BTC) price declined by 2.7% in the past 24 hours as the US Federal Reserve (Fed) looks poised to initiate its widely anticipated rate-cut cycle this week. Why Did Bitcoin Decline Ahead Of Rate Cuts? Hovering around $60,000 throughout most of the weekend, BTC price experienced a slump of 2.7% ahead of the Fed’s […]
Bitcoin is trading around $115K today as the market braces for the Federal Reserve’s interest rate decision, a moment expected to define the coming weeks. The atmosphere is tense, with bulls preparing for a surge if the Fed opts for a 25bps cut, which many analysts view as a constructive and bullish signal. However, uncertainty […]
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.
Crypto prices are down across the board but a surge in DeFi sector growth appears to be pushing Compound’s COMP token higher. The price of COMP, the governance token of the decentralized finance (DeFi) giant Compound, has been surging while the wider crypto market has entered a correction. Despite the ongoing cryptocurrency market slump, the token has rallied 56% in the past week.COMP/USDT 4-hour chart. Source: TradingView.comUnusually low funding rate and spot market accumulationThere are various potential reasons behind the sudden rally of COMP. Traders have pinpointed the unusual market....
Data shows the Bitcoin Funding Rate has remained negative during the latest price rally, a sign that short behavior is dominant. Bitcoin Funding Rates Are Red At The Moment In a new post on X, on-chain analyst Checkmate has talked about the trend in the Funding Rate of Bitcoin. The “Funding Rate” refers to an […]