Bitcoin Updates: Fed's Interest Rate Reduction Triggers Caution While Bitcoin Teeters on the Edge
- Fed's 25-basis-point rate cut stabilized Bitcoin above $108,000 despite $550M liquidations, with traders adopting defensive positions ahead of policy statements. - Zcash surged 14.8% to $6.22B market cap, surpassing Shiba Inu and Monero, driven by privacy-focused interest and Solana integration plans. - Ethereum's ZKSync Atlas upgrade targets 15,000 TPS and $0 fees, aiming to enhance layer-2 programmability and network efficiency through security audits. - BlockDAG raised $434M in presale with 1,400 TPS
The cryptocurrency sector experienced a significant week after the Federal Reserve implemented a 25-basis-point rate reduction.
At the same time,
The Ethereum ecosystem also made notable progress, as co-founder Vitalik Buterin spotlighted the
Despite Bitcoin's recent dip to the $111,000–$115,000 range, market sentiment remained optimistic. MicroStrategy's Michael Saylor and Robert Kiyosaki both projected that Bitcoin could reach $150,000–$200,000 by the end of the year, according to
As these events unfolded, French legislator Éric Ciotti suggested creating a national Bitcoin Strategic Reserve, proposing the acquisition of 2% of the total Bitcoin supply over seven to eight years, as mentioned in
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