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BTC Recovers to $62K Days After Black Monday...Traders Bullish on the Market"

Cointelegraph cites multiple analysts as saying, "Bitcoin has recovered $62,000 in the days since Crypto black monday. Futures traders are adjusting their positions and are bullish." On-chain analyst Matthew Hyland said in a video released via X: "Bitcoin has broken above $61,000 and is forming a long-bottomed consolidation. Structurally, the BTC bull run is likely just beginning." "This is probably the most impressive bear trap (fake pullback) in the crypto market so far," said crypto trader Byzantine General. BTC futures traders are 51.44% long and 48.56% short over the past 24 hours, according to CoinGlass data. On CoinMarketCap, BTC is trading down 0.68% at $61,269.28.

“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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