Cryptomaniac’s guide to cryptocurrency

• 🚀 Bitcoin rallies: Bitcoin surged to $62,945.85, up 5.56%, following the Federal Reserve’s 50 basis-point rate cut. • ⚠️ Challenges remain: Traders warn that despite the rally, economic slowdowns and geopolitical issues may limit further gains. • 💼 Commerzbank’s move: Commerzbank is offering Bitcoin (BTC) and Ether (ETH) trading services to corporate clients. • 📈 Latest prices: • Bitcoin (BTC): $63,000 (+5.9%) • Ether (ETH): $2,429.94 (+5.5%) • Solana (SOL): $141.78 (+11.2%) • 🔥 Ether’s bullish signal: ETH rebounded off key support, showing long-term bullish momentum. • 📊 Chart of the Day: Bitcoin’s short-term holder realized price is $61,998. A sustained move above this level could signal a longer bull run.

Bitcoin $63,000 Solana $140

Here’s what you need to know in crypto today: • 🚀 Bitcoin trades just below $60,000. • 🖥️ Bitwise compares Ethereum to Microsoft. • 💸 BitGo to launch a reward-bearing USD stablecoin. Latest Prices: • 📈 Bitcoin (BTC): $59,677.92 (+0.92%) • 📉 Ether (ETH): $2,300.09 (-0.90%) • 💹 S&P 500: 5,634.58 (+0.03%) • 🪙 Gold: $2,578.13 (+0.17%) • 🇯🇵 Nikkei 225: 36,380.17 (+0.49%) Market Insight: • 📉 Fed rate cut could lead to crypto market crash, warns Arthur Hayes. Chart of the Day: • 📊 Binance sees highest trading volume in 3 months, which might indicate a BTC pullback soon.

Crypto Market Overview • 📈 Bitcoin holds above $60K, currently trading at $60,180, up 2.41% in 24 hours and gaining over 7% weekly. • 🔄 Traders await the FOMC meeting, expecting a rate cut announcement from Jerome Powell. • 📊 Mixed market performance: ETH, BNB, and DOGE saw slight gains, while XRP, ADA, and TON had minor losses. • 🔮 67% chance of a Fed rate cut to a 4.5%-5% range, with a possible 50 bps cut that could signal economic concerns. • ⚖️ A 50 bps cut might trigger a sell-off, raising fears of recession, according to analysts. • 🌍 Scaramucci predicts new Bitcoin highs with further rate cuts and clearer U.S. crypto regulations.

Microstrategy acquired 18,300 Bitcoins for approximately $1.11 billion in cash

A reclaim of $60,000 would be a sign of bullish confirmation 📈📈

$58,000 Bitcoin