Coin Post – Money, Investments, Bitcoin

What Is the Fed's Interest Rate? 📊 The Federal Reserve's interest rate, known as the federal funds rate, is the rate at which banks lend to each other overnight. This rate influences many other interest rates in the economy When the Fed cuts this rate, borrowing becomes cheaper for consumers and businesses. This encourages spending and investment, potentially boosting economic growth 💵 🔼 Recent events show the stock market rising and cryptocurrencies surging after a rate cut. Lower interest rates make traditional savings less appealing, prompting investors to seek higher returns in stocks and crypto. This increased investment demand drives up asset prices. Cheaper borrowing also supports business expansion, further enhancing stock market performance 📈

Investors Buy Stocks in Response to Yesterday's 0.5% interest rate cut by the Fed 🔼 S&P 500 Index hits new all-time high on expectations of monetary easing 🖨

Louisiana has become the first state to accept cryptocurrency payments for government services Residents can now use Bitcoin and Bitcoin Lightning Network to pay taxes and fees This is the next level of crypto adoption 

The greenback is cheering the bulls after the Fed chief announced an expected interest rate cut of another 0.5% in 2024 CertiK Ventures launched a $45 million investment plan to drive the development of high-potential Web3 projects Cardano founder Charles Hoskinson will meet with Argentina President Javier Milei in October to discuss the crypto economy Solana Labs's phone designing subsidiary will ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 🔹 Last 24 hours top 3 gainers: Popcat - $0.92 (↑35.00%) Sei - $0.337 (↑25.94%) Bittensor - $383.85 (↑22.08%) #GM

Donald Trump just visited a bar where he paid for a drink with Bitcoin 😁🥇

✅ As most expected Fed lowered the rate by 50 bps, it turns out the market had already priced everything in and the crypto saw only a small pump Daily Digest: 🔸 The Fed has cut interest rates by 0.5% 🔸 Binance confirmed the launch of their telegram game Moonbix 🔸 BlackRock will launch an AI-focused fund with Microsoft worth around $30 billion 🔸 BitGo, a crypto custodian backed by Goldman Sachs is launching a new stablecoin USDS 🔸 Today's rate cut by the Fed could add to inflation and strengthen the Japanese yen, crashing markets, said Arthur Hayes 🔸 BlackRock said its clients largely view Bitcoin as insurance against a possible U.S. debt crisis 🔸 Donald Trump used Bitcoin to buy burgers at NYC bar 🔹 Prices:

Federal Reserve Chair Jerome Powell announced that the Fed has cut interest rates by 0.5%.  The market reacts by a slight pump

Gold looks to be leading the future Bitcoin price movement 🌉 The market is waiting for the printer to turn on, if you know what I mean 😏

In 5 hours there will be FOMC meeting after which Fed will announce the interest rate change. This will be the most important meeting in 4 years 🇺🇸 Current probability of 0.5% cut is at 63% and 0.25% at 37% 📊 It's hard to say what the decision will be and how it will affect the markets. A 0.5% rate cut could be interpreted as panic and a departure from the “soft landing” plan in front of a weakening economy 🔍 Highly recommended for inexperienced traders to close market positions with high leverage today. We may see a strong drop with a reversal immediately after, just like the opposite ⚠️

Vitalik Buterin, founder of Ethereum, sings at The Token 2049 conference in Singapore. People on social media say "It's so over"  Binance confirmed the launch of their telegram game Moonbix and said that the game was leaked in the early development stage BlackRock will launch an artificial intelligence fund with software giant Microsoft worth around $30 billion to build data centers and energy projects Today's rate cut by the Fed could add to inflation and strengthen the Japanese yen, crashing markets, said Arthur Hayes BitGo, a crypto custodian backed by Goldman Sachs, is entering the stablecoin industry by launching a new stablecoin pegged to the US dollar, USDS 🔹 Last 24 hours top 3 gainers: Nervos Network - $0.017 (↑8.57%) Celestia - $5.26 (↑5.07%) FET - $1.35 (↑4.47%) #GM