Author: NBTC
The Fed is likely to cut interest rates today, a second time in response to inflationary pressures weighing on the American people. According to the latest data from cryptocurrency prediction platform Polymarket, investors expect the FED to cut rates by 25 basis points with a 99% probability. But the recent presidential election has introduced a new layer of uncertainty into the Fed’s future path, especially given President-elect Donald Trump’s economic agenda, which some analysts warn could fuel inflation. Trump’s proposals, such as tariffs on imports and mass deportations, are expected to put upward pressure on inflation and complicate the Fed’s…
“Ethereum killer” Solana is on track to join the prestigious “$100 billion club,” according to Bitwise CEO Hunter Horsley. The market capitalization of the fourth-largest cryptocurrency currently stands at $96.8 billion. The token is up by 1.3% over the past 24 hours. Earlier this year, Solana found itself at the center of a meme coin frenzy. According to data provided by Dune Analytics, Pump.fun, a Solana-based meme coin factory, has logged $1.9 billion in volume over the past two weeks. Moreover, the popular token issuer has now surpassed 1.1 million in total SOL fees. More than 3.1 million tokens have…
According to the latest information, the FED cut interest rates by 25 basis points as expected. After the interest rate decision, all markets will be at the press conference to be held by FED Chairman Jerome Powell at 22:30. We will also broadcast this meeting live to you as Bitcoinsistemi.com. James Ragan, director of asset management research at DA Davidson, said Powell’s outlook for the labor market could be a key focus at the meeting. “The biggest thing he could talk about is the labor market,” Ragan told CNBC, referring to a weaker-than-expected nonfarm payrolls report that showed only 12,000…
It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising from $91.73 billion to $123.17 billion. Tether, launched nine years and eight months ago with a market cap of just $304,476, now holds a staggering $123.17 billion valuation, marking a growth of over 40,000,000%. In contrast, its closest competitor by market cap, usd coin (USDC), saw a 50.57% increase since Jan. 1. Of the 123.2 billion USDT in circulation, 61.79…
Base, the tokenless blockchain by Coinbase, reached a new record for reported transactions. Despite lagging behind Solana, Base is carrying more than 19% of token launches, adding to overall activity. Base is scaling, setting another record on overall transactions. The latest record is at above 7.3M daily transactions, compared to 1.19M for Ethereum, but still lagging behind Solana, with upward of 270M transactions on L1. Base increased its transactions in the past year, while paying minimal rent to Ethereum. | Source: Growthepie The success of Base is still relevant, as it remains one of the most scalable and liquid L2…
Bitcoin ($BTC) has established a correction pattern since bearish signals are still active in the market, specifically reduced daily MACD and bearish short-term views. Furthermore, the enhanced gearing and funding rates signified higher tendencies of speculation in the futures market. Thus, large-scale liquidation is possible whenever big support levels are breached. V-Shaped Move Could Signal Continued Consolidation of Bitcoin ($BTC) Over the past week, Bitcoin has shown a V-shaped price pattern, trading within the narrow range of $66,700 to $67,700. A brief test of $65,300 and $69,000 added to the volatility as price momentum consolidated. The RSI indicator is an…
In a widely anticipated move, the Fed cut interest rates by 25 basis points, bringing the target range to 4.50%-4.75%. The unanimous decision by the Federal Open Market Committee (FOMC) was the second rate cut in recent months. Nick Timiraos, often referred to as the “Fed spokesman,” said the FOMC’s statement was largely unchanged, reflecting cautious optimism but no major shift in policy direction. Timiraos said the decision was unanimous, indicating harmony among committee members. Analyst Jeanna Smialek noted that the Fed has maintained its neutrality, especially after this week’s US elections. “The Fed is independent of politics and tries…
Hamster Kombat’s native token HMSTR has jumped 37% in the last 24 hours following hints about an upcoming Season 2 airdrop. Hamster Kombat’s (HMSTR) official Telegram channel made the announcement. The overall gains can also be attributed to the surge in the price of Bitcoin (BTC), where the cryptocurrency touched a new all-time high of $80,000. The overall positive market conditions have driven the token’s weekly gains to over 132%. You might also like: Crypto VC Funding: VLayer touts $10M pre-seed raise What do we know so far about HMSTR season 2? The game developers announced on Nov. 9 that…
The Polkadot Blockchain Academy has announced the exclusive launch of the PBA-X, aimed to extend the opportunities for receiving Web3 knowledge in the blockchains space. Beginning on January 6, 2025, this program is a part-time, cohort-based online course to be completed within four weeks. It will offer a basic and systematic introduction to blockchain technology, thus aiming at advanced learners worldwide who seek to enter the new intersection called Web3. Polkadot Offering Flexible and Accessible Web3 Learning The PBA-X course welcomes participants regardless of experience or technical skills, making it ideal for beginners. The future Polkadot development team, with Dr.…
Is bitcoin experiencing a Gamestop-style gamma squeeze? Fielding questions from increasingly anxious speculators as the currency roared toward all-time highs during Tuesday’s trading session, Galaxy Digital researchers posted their estimate as of midday. Citing Amberdata’s compilation of data from Deribit, a large bitcoin options exchange, Galaxy’s Head of Research estimated Deribit options dealers’ gamma exposure at $15 million per 1% increase in BTC price from $71,000 through $85,000. In other words, bitcoin’s price is benefitting from a gamma squeeze. Before contextualizing this effect relative to other factors, however, it is critical to understand this mechanism of action without jargon. Bitcoin…