📌 Daily Summary
● LIVE TRACKINGThe Federal Reserve's decision to raise interest rates has prompted significant reactions in the cryptocurrency market, with major institutions like Citigroup and Goldman Sachs revising their forecasts in light of potential rate cuts. Amidst ongoing pressure from regulatory developments such as the Clarity Act, institutional investors are increasingly pivoting towards altcoins, as noted by a Coinshares analyst. Grayscale has provided a bullish commentary, suggesting that it may signal a bottoming out for Bitcoin, while Bitwise’s CIO cautions that Bitcoin's upward trajectory could persist unless current debt concerns are addressed. Additionally, Bitcoin exchange Bithumb has announced a new listing, even as Bitcoin experiences heightened volatility post-Fed rate hike, leading analysts to identify key support levels for the cryptocurrency.
13:07
Goldman Sachs expects the Fed to raise its policy interest rate by another 25 basis points in October following the rate hike decision. Will Bitcoin be affected?
12:05
CoinShares analyst Luke Nolan noted that the family offices were specifically investigating Solana and the decentralized derivatives exchange Hyperliquid.
11:18
Zach Pandl of Grayscale said Bitcoin has likely already formed its $58,000 bottom in late June.
08:24
📰 Bitwise CIO Explains Bitcoin’s Rise Could Continue Unless Debt Concerns Ease! Here Are the Details
Bitwise's CIO stated that the upward trend in Bitcoin's price could continue as long as debt-related concerns do not ease.
07:21
Bitcoin exchange Bithumb announced it will add Travala's native token, AVA, to its Korean won (KRW) trading market.
