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Crypto markets move in opposite direction to Nasdaq on previous day...Mt. Gox impact possible

“There is a perception that crypto markets generally move in line with equity markets, but this was not the case on Friday (local time),” said Adam Button, an analyst at ForexLive, an online forex media outlet. This may have been related to the distribution of Mt. Gox redemptions,” said Adam Button, analyst at ForexLive. “The US Nasdaq Composite Index is back to its pre-Black Monday level of July 31st. The rally in the Nasdaq was driven by interpretations of strong global economic growth, as well as increased interest in artificial intelligence (AI).”

“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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