On September 21, 2024, the US Federal Reserve signaled potential interest rate cuts at the annual Jackson Hole Symposium.
Historically, such cuts have been bullish for the crypto market, driving significant price increases in Bitcoin and other digital assets.
Investors expect cheaper access to credit, which tends to boost speculative investments like cryptocurrencies. In 2020, a similar cut led to a 450% rise in the total crypto market cap.
Bitcoin's price rallied past $63,000 in response to the Fed's signal, continuing its upward trend that started earlier in the month.
Ethereum, however, is struggling to break the $2,500 resistance level, which remains a critical threshold for the broader altcoin market.
Another factor influencing the market is the ongoing U.S. presidential election campaign, which has driven high volumes in decentralized prediction markets, particularly on the Solana-based DRIFT protocol.
This surge in prediction market activity, fueled by speculation, could continue to drive demand for decentralized finance (DeFi) assets.
The crypto market is likely to remain bullish if the Federal Reserve proceeds with the anticipated interest rate cuts.
However, Ethereum's struggle to break through key resistance could slow down the altcoin market rally.
Additionally, the outcome of the U.S. election and the BOJ’s monetary policy decisions could create short-term volatility.
If macroeconomic indicators remain favorable, the overall trend points toward a potential surge in the crypto market in the coming weeks.
The rise of blockchain-based games and tokens has been a fascinating chapter in the evolution of cryptocurrency and digital entertainment. Among these innovations, Tap Tap games on Telegram enjoyed a moment of rapid popularity, offering users opportunities to earn tokens through simple, engaging gameplay. However, these games and their associated tokens are now facing a […]
“Traditional marketing is telling the world you’re a rock star, content marketing is showing the world that you are one.” – Robert Rose Nalaman ko ang dalawang strategies kung saan client feel “I need they help” or “They need my help”. Ito ang tinatawag na “Content Marketing vs Traditional Marketing” Kung […]
Quotes: “Once you replace negative thoughts with positive ones, you’ll start having positive results.” Mas madalas mo bang naiisip ang mga diffifulties, failure and disaster? Mas naiisip mo ba ang mga negative na napapanuod, nababasa at napapakinggan mo? Nakikita mo ba ang sarili mo na nahihirapan at walang kakayahan na mabago ang buhay? Madalas mo […]
