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2498 Weekly News Digest for Sep 14–20. Market Update | by Bitcoin.com | Sep, 2024 weekly-news-digest-for-sep-14-20-market-update-by-bitcoin-com-sep-2024 September 20, 2024 admin Market Update The crypto market last week saw a blend of bullish and bearish trends, with Bitcoin experiencing a surge to over $62,000 following of a key Federal Reserve decision. Standard Chartered’s prediction of Bitcoin reaching $125K under a Trump presidency contributed to optimism, while mixed technical signals kept Bitcoin below $60K for much of the week. Ethereum struggled below $2,300, reflecting bearish sentiment. Notably, baby doge coin surged over 100%, contrasting with the 20% drop of Rocket Pool. The NFT market also cooled, with sales falling by 7.91%. Despite periods of stagnation, analysts warn of potential future volatility for Bitcoin. Buy, sell, trade, earn, use, and manage cryptocurrencies with the multichain Bitcoin.com Wallet app. Top Stories of the Week Samson Mow Doubles Down…

2496 WIF, PEPE, and SEI shine as cryptocurrencies surge wif-pepe-and-sei-shine-as-cryptocurrencies-surge September 19, 2024 admin - WIF, PEPE and SEI were among top performing altcoins as Bitcoin surged to above $63,800 on Sept. 19. - These gains followed US Federal Reserve’s 0.5% interest rate cut. - Analyst says WIF could outpace market in coming weeks. Meme coins dogwifhat (WIF) and Pepe (PEPE), as well as layer 1 blockchain Sei (SEI) are among the top gainers in the past 24 hours as several altcoins record their best performances for a while. SEI was up 19%, WIF 17% and PEPE 12% as crypto rose amid Bitcoin’s surge to above $63,000 on Thursday. According to data from CoinGecko, SEI price reached highs of $0.35 as its volume jumped 224% to over $345 million. Meanwhile, WIF traded to $1.81 across major exchanges, notching an intraday volume of over $717 million with a 24-hour increase of 109% at the time of writing. Popcat (POPCAT), which has rallied since Kraken…

2494 SEC requests for more time to produce documents in Coinbase case sec-requests-for-more-time-to-produce-documents-in-coinbase-case September 19, 2024 admin - SEC reportedly seeks an extension to February 2025 for it to provide case documents to Coinbase. - Coinbase, Binance and Kraken all facing SEC lawsuits. The US Securities and Exchange Commission has filed for an extension from the court, asking for more time as it looks to provide documents related to its case against crypto exchange Coinbase. Cointelegraph reported this on Sept. 19 SEC asks for extension Court documents filed on Sept. 18 reveal that the SEC wants the court to extend the timeline for them to furnish Coinbase with key material by four months. The regulator filed its request at the US District Court for the Southern District of New York, and if granted, will see it have until February 2025 for the deadline to share over 133,000 documents. SEC’s court filing comes a month to the end of the initial…

2493 Bitcoin targets $63k as crypto market awakens after Fed rate cut bitcoin-targets-63k-as-crypto-market-awakens-after-fed-rate-cut September 19, 2024 admin - Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K - Ethereum and Solana have also surged, reflecting a broader crypto market rally - Caution remains due to economic uncertainties and potential regulatory issues Bitcoin’s (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points. The move by the Fed, aimed at bolstering economic growth and mitigating recession risks, has ignited a rally across digital assets. The monetary policy adjustment not only energized Bitcoin but also lifted a broad range of altcoins and risk assets. The next Bitcoin price resistance level at $63k Currently trading around $62,096, Bitcoin’s price has demonstrated a solid 24-hour gain of 2.29% and a more impressive 7-day increase of 6.20%. Most notably, the…

2490 Singapore’s DBS Bank to launch crypto options and structured notes in Q4 2024 singapores-dbs-bank-to-launch-crypto-options-and-structured-notes-in-q4-2024 September 18, 2024 admin - DBS Bank to launch OTC crypto options trading linked to BTC and ETH in Q4 2024. - Clients can hedge against volatility through options and structured notes. - DBS continues integrating blockchain and Web3 for institutional-grade access. Singapore’s DBS Bank is set to launch over-the-counter (OTC) crypto options trading and structured notes in the fourth quarter of 2024. This initiative aims to cater to the needs of institutional clients looking for ways to manage the volatility associated with major digital assets like Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization. DBS’s crypto options and structured notes According to DBS, clients who wish to gain exposure to cryptocurrencies can now do so through options trading and structured notes. A…

2488 Bitcoin price jumps to a three-week high bitcoin-price-jumps-to-a-three-week-high September 17, 2024 admin - Bitcoin price has surged 5.6%, hitting a three-week high of $61.1K on Tuesday morning. - Altcoins like Celestia, Immutable X, and Near have seen double-digit percentage gains. - Crypto stocks have risen modestly ahead of the Fed’s expected rate cut announcement. Bitcoin price has surged to its highest level in three weeks, triggering gains across the cryptocurrency sector and related stocks. It soared 5.6%, reaching $61.1K by 11:55 a.m. ET before pulling back to around $61k. The surge marks a sharp reversal from the quiet start to the week, signalling renewed interest in digital assets. Altcoins and Bitcoin price soaring ahead of Fed cuts Besides Bitcoin, other major cryptocurrencies have also seen significant gains, with Ethereum (ETH) advancing 4.2% to $2.38K. Notably, some altcoins have outpaced the larger tokens. For example, Celestia (TIA) has seen a…

2486 Bitcoin Dogs (0DOG) makes an attempt at $0.04934 as Bitcoin (BTC) turns bullish bitcoin-dogs-0dog-makes-an-attempt-at-0-04934-as-bitcoin-btc-turns-bullish September 16, 2024 admin - Bitcoin Dogs (0DOG) is projected to surge as Bitcoin’s price turns bullish. - 0DOG could reclaim its all-time high of $0.04934 due to increased demand amid new exchange listings. - Analysts predict a potential 100X move for 0DOG by the end of 2024. As Bitcoin (BTC) gears up for what could be a record-breaking rally after struggling below $60k, many altcoins within its ecosystem are expected to follow suit, and Bitcoin Dogs (0DOG) stands out among them. A BRC-20 token, 0DOG is directly tied to Bitcoin’s performance and with the current bullish outlook for BTC and a string of new exchange listings, it is poised to reclaim its previous all-time high of $0.04934. Bitcoin (BTC) regains its footing, surging above $60k At press time, Bitcoin price stood at $60,022, showing a steady 10% growth in…

2484 Grayscale launches investment fund for AVAX Token, fueling market surge grayscale-launches-investment-fund-for-avax-token-fueling-market-surge September 15, 2024 admin - Grayscale launches Avalanche Trust, offering exclusive AVAX exposure for investors. - AVAX price surged to $25.16, with a nearly 9% increase in Avalanche Open Interest. - The new fund enhances Grayscale’s portfolio, aligning with its crypto strategy. Grayscale Investments, the world’s largest crypto fund manager, has announced the launch of a new investment fund dedicated to Avalanche (AVAX) token. Officially unveiled on August 22, the Grayscale Avalanche Trust expands the firm’s suite of over 20 crypto investment products and offers accredited investors a new avenue for exposure to Avalanche’s native cryptocurrency. Grayscale Avalanche Trust to provide direct access to AVAX Grayscale’s Avalanche Trust is a single-asset investment vehicle that operates similarly to the firm’s existing products,…

2480 Toncoin bounces back above $5, next target at $6.19 toncoin-bounces-back-above-5-next-target-at-6-19 September 15, 2024 admin - Toncoin rebounds above $5 after Pavel Durov’s release and public reassurance. - Trading volume has surged by over 148%, boosting interest in both spot and futures markets. - Resistance at $5.51; a breakout could push TON to its next target of $6.19. Toncoin (TON), the native cryptocurrency of the Toncoin blockchain, has experienced significant volatility in recent weeks, driven by developments surrounding Telegram and its founder Pavel Durov. After a sharp price drop following Durov’s arrest in France, the coin has rebounded above $5. With its next resistance level at $6.19, investors are watching closely as technical indicators suggest a short-term bearish sentiment, despite renewed optimism. Why is Toncoin price rising? Toncoin faced a tumultuous period following the arrest of Telegram CEO Pavel Durov in late August. The close association…

2480 Toncoin bounces back above $5, next target at $6.19 toncoin-bounces-back-above-5-next-target-at-6-19 September 15, 2024 admin - Toncoin rebounds above $5 after Pavel Durov’s release and public reassurance. - Trading volume has surged by over 148%, boosting interest in both spot and futures markets. - Resistance at $5.51; a breakout could push TON to its next target of $6.19. Toncoin (TON), the native cryptocurrency of the Toncoin blockchain, has experienced significant volatility in recent weeks, driven by developments surrounding Telegram and its founder Pavel Durov. After a sharp price drop following Durov’s arrest in France, the coin has rebounded above $5. With its next resistance level at $6.19, investors are watching closely as technical indicators suggest a short-term bearish sentiment, despite renewed optimism. Why is Toncoin price rising? Toncoin faced a tumultuous period following the arrest of Telegram CEO Pavel Durov in late August. The close association…