news

The Trump Variable Works... Bitcoin Recovers $60K

The cryptocurrency market is recovering quickly. Bitcoin has surged past the $60,000 mark to $61,000. Ethereum and other major altcoins have also rallied. On Friday, Bitcoin (BTC) was trading at $61,178, up 2.76% from a day earlier. Bitcoin's market share remained at 52%.

Major altcoins also saw gains. Ethereum (ETH) is up 2.39% to $3265, returning to the $3,000 level. Binance Coin (BNB) was also up 2.63% to $547, Solana (SOL) surged 3.85% to $148, and Avalanche (AVAX) was up 2.56% to $26.59. However, Cardano (ADA) was down 1.38% to $0.43.

The gains came as news of an assassination attempt on US presidential candidate Donald Trump impacted the crypto market. The news of an assassination attempt on U.S. candidate Donald Trump impacted the crypto market. Trump is considered the most pro-crypto candidate in the presidential race.

“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.

Read next