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BTC, miner capitulation still ongoing...next support at $47,000

On-chain analyst Willy Woo told X: "Bitcoin miner capture (capitulation) has occurred every time since the halving, and hashrate has yet to recover. Until the Hash Ribbon data recovers, this is a good buying opportunity." "The German government sell-off has created FUD (fear, uncertainty, and doubt). The market speculates that the German government is moving volume to the OTC desk, which will reduce but not negate the selling pressure. The German government redeemed 39,800 BTC and another 139,000 BTC remains in the Mt. Gox redemption. On a positive note, BTC spot ETFs continue to see net inflows. The futures market data is not yet clear on the direction, but if the decline continues, BTC's next support in the data is $47,000. If you are using leverage, you should wait for the hashrate to rebound," he added. On CoinMarketCap, BTC is trading up 1.48% to $56,682.23.

“Zhao Changpeng's release from prison could boost BNB and 5 other altcoins”

With former Binance CEO Changpeng Zhao set to be released from prison on September 29th (local time), BeInCrypto reports that five altcoins are likely to see an uptick in value. BNB is one of the most prominent coins expected to see price movement following Zhao's release from prison.

blockchain crypto cryptocurrency French Hill blame Gary Gensler (SpotedCrypto)

French Hill : “SEC's approach to regulating crypto firms will only confuse markets”

During a hearing on the Securities and Exchange Commission (SEC) held by the U.S. House of Representatives' Financial Services Committee on March 18 (local time), Congressman French Hill criticized SEC Chairman Gary Gensler's approach to regulating cryptocurrency companies, saying that it is causing confusion and uncertainty

blockchain crypto cryptocurrency us fed ratecut 50bp (SpotedCrypto)

US Fed 'big cuts' interest rates by 0.5 percentage point to bring inflation closer to target, considers another 50 basis point cut later in the year.

The US Federal Reserve's (Fed) Federal Open Market Committee (FOMC) announced in an official statement that it will cut its benchmark interest rate by 0.5%. This is the first rate cut in nearly four years. The Fed raised rates from March 2022 through July of last year.

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