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Significant overnight developments on 7th October
金色财经·2024/10/07 02:33
Powell states he is not rushing to reduce interest rates swiftly, dampening expectations of a significant rate cut
Powell stated that if the economy progresses as anticipated, there will be two additional rate cuts this year amounting to a total of 50 basis points.
Jin10·2024/10/01 05:52
Chances of a Q4 crypto rally 'exceptionally high,' driven by BTC $65K breakout
According to a crypto analyst, Bitcoin's rise beyond $65,000 has sparked FOMO in the altcoin market.
Cointelegraph·2024/09/27 09:16
Daily BTC Market Briefing | Explore the Future of Crypto and Seize Market Opportunities
3Friends·2024/09/26 06:11
CeDeFi pioneer Unizen token may see a 669% increase
远山洞见·2024/09/26 06:05
Renowned Analyst CryptoChan: Bitcoin Five-Line Chart Upgraded Again, Top Forecast Impact 140,000 Dollars
CryptoChan·2024/09/25 06:46
Daily BTC Market Briefing | Explore the Future of Crypto and Seize Market Opportunities
3Friends·2024/09/25 06:37
Flash
- 08:18Metaplanet pledges bitcoin assets to raise 100 millions USD for further bitcoin accumulation and expansion of yield businessJinse Finance reported that Metaplanet raised $100 million by collateralizing its bitcoin assets. The funds raised will mainly be used to purchase more bitcoin, expand revenue-generating businesses, and repurchase shares. Part of the funds will also be used for yield-generating businesses, which will create and sell cash-secured bitcoin options to earn stable returns while holding bitcoin. As of October 31, the company held 30,823 bitcoins (approximately $3.517 billions), and the loan amount this time accounts for about 3% of its holdings.
- 08:10Bitcoin rebounds above $100,000 as market risk aversion intensifiesChainCatcher News, according to Golden Ten Data, after a wave of sell-offs, Bitcoin briefly fell below the key $100,000 mark overnight for the first time since June, but has since slightly rebounded. Deutsche Bank analysts pointed out that there has been a clear risk-off sentiment in the market over the past 24 hours, with high valuations of tech stocks causing investor concerns and dampening risk appetite. U.S. stock index futures showed some signs of recovery before the market opened, gradually recouping losses and moving toward stability.
- 07:40Arthur Hayes: When the US government shutdown ends, BTC will rise, and ZEC will also rise.According to ChainCatcher, Arthur Hayes stated in an article that since the U.S. raised the debt ceiling in July, BTC has dropped by 5%, U.S. dollar liquidity has decreased by 8%, and the growth of the U.S. Treasury General Account (TGA) has led to an outflow of dollars from the system. When the U.S. government shutdown ends, the TGA will decrease, which will be favorable for dollar liquidity, and the price of BTC will rise, as will the price of the ZEC token.