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BTC Coinbase Premium hits post-FTX debacle low...bull market imminent

The BTC Coinbase premium (price difference with Binance) dropped to -0.19 on Friday, the lowest level since the FTX collapse, according to CoinDesk. This suggests that the BTC price is close to a bottom, the outlet analyzed.

Indeed, BTC price bottomed at $2.5k a few weeks after the premium hit a low in August last year. In May, the premium dropped to -0.17 when BTC dropped to $5.6, before BTC rallied 27% in June.

David Lawant, Head of Research at FalconX, said: "The Coinbase premium has become a reliable indicator of overall market trends. It shows how influential the US market is in shaping market prices," said David Lawant, Head of Research at FalconX.

“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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