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blockchain crypto cryptocurrency jerome powell ratecut 50bp (SpotedCrypto)

Jerome Powell cuts rates by 50 bp, touts healthy labor market and inflation numbers in press conference, hints at more rate cuts.

“The risks to upside inflation have declined, but the risks to a weakening labor market have increased somewhat,” said Fed Chair Jerome Powell in a post-FOMC press conference. “That said, our decision today reflects our confidence that labor market strength can be sustained. Over the past three years, inflation has

blockchain crypto cryptocurrency fear greed index 49 btc 62K (SpotedCrypto)

Crypto 'Fear-Greed Index' at 49...moving to neutral

Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 49. The improvement in sentiment moved the index from fear to neutral. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close

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.

blockchain crypto cryptocurrency ETF volume is third-lowest on record (SpotedCrypto)

Previous day's US BTC spot ETF volume is third-lowest on record, ETH spot ETFs record net inflows after five trading days

According to Trader T, 11 U.S. Bitcoin spot ETFs traded $7.1 billion on Sept. 10 (local time). This is the third-lowest level since their launch. BlackRock IBIT accounted for more than 50% of the previous day's volume, with $4.12 billion. Meanwhile, on Sept. 10 (local

blockchain crypto cryptocurrency Arthur Hayes say bearish (spoted Crypto)

Arthur Hayes “Dollar/yen slides...bearish outlook for crypto”

Arthur Hayes, co-founder of BitMEX, told X: “With the dollar/yen exchange rate dropping to around 140 yen (dollar appreciation), it looks like we're in goblin town (bear market) once again. It remains to be seen if BTC can hold up.”

blockchain crypto cryptocurrency Altcoin season open (SpotedCrypto)

Open the season for altcoins... Alt holds up despite BTC dip

According to Cointelegraph, Bitfinex reports, “Altcoins have remained relatively strong despite BTC's recent decline. This suggests that the mindset of crypto investors is changing. They are realizing that Bitcoin is not the only safe haven in the face of growing market uncertainty,” the analyst said. “This shift shows

blockchain crypto cryptocurrency us institutins buy Bitcoin (SpotedCrypto)

US Institutions Buy Bitcoin for the First Time in 10 Days

U.S. institutional investors have begun to actively buy Bitcoin (BTC) for the first time in about 10 days since August 31st. “The Coinbase Premium Gap (CPG), a measure of Bitcoin buying and selling trends, turned positive for the first time in about 10 days since Aug. 31, reaching 9.