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Bitcoin whales have scooped up 34K BTC since December dump: Analyst

Institutions dumped huge amounts of Bitcoin in late December after its peak high, but they’re now back to buying with it below $100,000, says Blocktrends’ Cauê Oliveira.

Large Bitcoin holders are back to buying huge amounts of the cryptocurrency after its price dove toward the end of 2024 following a record six-figure high, says a Blocktrends analyst.

More than 34,000 Bitcoin (BTC), currently worth $3.2 billion, has been “accumulated by institutional investors, providing buying pressure for the current recovery in Bitcoin,” Blocktrends head of research Cauê Oliveira wrote in a Jan. 8 CryptoQuant post.

Oliveira explained the buyup came after wallets holding between 1,000 to 10,000 BTC dumped 79,000 BTC in the week after Dec. 21 — days after it hit a peak of over $108,000 on Dec. 17 amid the US Federal Reserve interest rate cut — which “ended up generating a 15% correction.”

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SEC’s crypto actions dropped by 30% in Gensler’s final year

Election Day Drama Won’t Be the Only Major Event in November – Here’s Why

Election Day Drama Won’t Be the Only Major Event in November – Here’s WhyWith only 15 days left until the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, it’s scheduled to follow just two days after the U.S. election on Nov. 7. As of now, market forecasts via CME Group’s Fedwatch tool are leaning toward a 25 basis point (bps) reduction in the target rate. The Fed’s […]

SEC’s crypto actions dropped by 30% in Gensler’s final year

JPMorgan Chase, Bank of America Forecast New Rate Cut in November As Fed President Says Soft Landing Likely: Report

JPMorgan Chase, Bank of America Forecast New Rate Cut in November As Fed President Says Soft Landing Likely: Report

Two of the largest banks in the US believe another rate cut from the Federal Reserve is incoming. The Fed started its rate-cutting cycle last month, announcing a 50 bps reduction in interest rates amid concerns about the health of the US economy. Now, analysts at JPMorgan Chase and Bank of America (BofA) think the […]

The post JPMorgan Chase, Bank of America Forecast New Rate Cut in November As Fed President Says Soft Landing Likely: Report appeared first on The Daily Hodl.

SEC’s crypto actions dropped by 30% in Gensler’s final year

Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

Bitcoin Nears K as Crypto Rebounds on Jobs Report and Rate Cut HopesOn Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after […]

SEC’s crypto actions dropped by 30% in Gensler’s final year

CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

CME Fedwatch Favors Half-Point Cut Ahead of FOMC MeetingIn just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than […]

SEC’s crypto actions dropped by 30% in Gensler’s final year

Fed’s ‘juice’ into crypto has analyst eyeing ‘trimming’ opportunities

The US Fed’s decision to cut interest rates was just “catching up to market expectations,” as an analyst argues a lot of the added “juice” was already priced in the riskier assets.

According to a crypto analyst, the United States Federal Reserve’s move to lower interest rates was already priced into the crypto market, signaling that now might be the time to consider potential selling opportunities.

“The Fed put has also been anticipated by rate markets: in a sense, last week, the Fed was catching up with market expectations,” blockchain analytics firm Nansen principal research analyst Aurelie Barthere wrote in a Sept. 23 report shared with Cointelegraph.

“Keeping crypto allocation or skin in the game makes sense as the Fed has just given more juice to this bull market. But a lot is already in the price of risk assets,” Barthere added.

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SEC’s crypto actions dropped by 30% in Gensler’s final year

Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports

Fed’s 50bps Reduction Triggers 1M in Digital Asset Inflows, Coinshares ReportsDigital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps). Coinshares: U.S. Leads Digital Asset Inflows According to […]

SEC’s crypto actions dropped by 30% in Gensler’s final year

JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed Move

JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed MoveJPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […]

SEC’s crypto actions dropped by 30% in Gensler’s final year

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs InBybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s Chris Aruliah […]

SEC’s crypto actions dropped by 30% in Gensler’s final year

Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes

The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris. 

BitMEX co-founder Arthur Hayes believes the United States Federal Reserve’s recent rate cut was likely politically motivated and could impact markets and inflation. 

Speaking to Cointelegraph at Token2049 in Singapore on Sept. 18, Hayes shared his thoughts on the Fed’s recent action, speculating it could be part of an effort to bolster support for the Democratic Party: 

On Sept. 18, the Fed cut US interest rates by 50 basis points in a move widely anticipated by investors and analysts.  

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SEC’s crypto actions dropped by 30% in Gensler’s final year