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The Fed’s recent meeting revealed a split decision, with Powell signaling caution over the economy's slowdown. Crypto markets, including Bitcoin, reacted to uncertainty around future rate cuts.
Pi Coin has already lost over 50% year-on-year, and new chart patterns suggest the worst may not be over. ATR shows fading momentum while money flow dries up, raising fears of a deeper drop below current support.
XRP price action has cooled after a 14% pullback from its highs, but quiet exchange inflows and improving money flow suggest a bullish setup may be forming. Traders are now watching a key level inside the ascending triangle that could determine the next big move.
Despite facing political pressure from the White House to cut interest rates, the Federal Reserve did not show any intention of cutting rates in its policy statement. At the same time, two officials unusually dissented from the decision to keep rates unchanged, calling for an immediate 25 basis point cut.
Bolivia is advancing crypto adoption through a partnership with El Salvador, aiming to boost adoption, share knowledge and develop a regulatory framework for digital assets amid economic hardships and rising domestic transactions.
Bitcoin Hodlers' Unrealized Profit Hits Historic $1.4 Trillion Peak as Key Price Level of $14K Reached by Whales.
- 09:03BlackRock plans to launch its Bitcoin ETF in the UK next monthAccording to a report by Jinse Finance, citing market news from The Bitcoin Historian, BlackRock, which manages $11 trillion in assets, plans to launch its bitcoin ETF in the UK next month.
- 09:03India Resists Comprehensive Cryptocurrency Framework, Citing Concerns Over Systemic RisksJinse Finance reported that a government document shows India is inclined not to formulate comprehensive legislation to regulate domestic cryptocurrencies, but instead opts to maintain partial regulation due to concerns that integrating digital assets into the mainstream financial system could trigger systemic risks. The document cites the view of the Reserve Bank of India, stating that it would be extremely difficult to control the risks of cryptocurrencies through regulation in practice. The document prepared by the government this month points out that regulating cryptocurrencies in India would grant them "legitimacy" and "could lead to systemic risks in the industry." In contrast, although a complete ban could address the "worrying" risks posed by speculative crypto assets, the document adds that such an approach cannot address peer-to-peer transfers or transactions on decentralized exchanges.
- 08:32Elon Musk to donate $1 million to Ukrainian assassination attempt refugees; meme coin IRYNA with the same name surges over 180% in a short timeBlockBeats News, on September 10, Musk posted that he would donate $1 million to Ukrainian assassination attempt refugee Iryna Zarutska. Possibly influenced by this news, according to GMGN market data, the IRYNA meme coin on Solana, named after Iryna Zarutska, surged over 180% in a short period, with a market capitalization reaching $27 million. IRYNA is a meme coin created to commemorate Ukrainian refugee Iryna Zarutska, who was stabbed in the United States. The project stated that transaction fees will be returned to the victim's family.