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Crypto Market Slumps as Bitcoin Drops Below $100K Following Fed's Rate Cut: The crypto market fell 7.5% as investors shifted from risk assets after the Fed cut rates, signaling caution on aggressive future cuts.

The crypto markets saw surprising midyear performance in 2024 with Bitcoin up 36% and Ethereum up 40% Let's explore what drove these gains and what's on the horizon next

Bitcoin and other crypto assets are becoming increasingly interwoven with the macroeconomic landscape. With the Fed poised to cut rates, US elections just eight weeks away, and geopolitical uncertainty looming over markets, what can we expect from the crypto asset class in the coming months? Are there specific risks for crypto investors? Hashdex

Yes, for sure, Bitcoin is like digital gold for everyone to grow wealth and maintain financial stability. But there are a large group of people being afraid of digital assets. Please leave your words in the comment section if you have concerns and I would love to have a great conversation with you.

Sygnum: Insti Demand to Fuel Crypto Markets in 2025: Crypto markets are expected to be more dynamic in 2025, according to a Sygnum Bank report, with tailwinds from institutional demand and policy changes. #SygnumBank #bitcoin

Goldman Sachs wants to invest in Bitcoin and Ethereum Goldman Sachs is eyeing the Bitcoin and Ethereum markets. CEO David Solomon said the Wall Street firm is ready to “evaluate” its entry, but only if regulators clear the path. Solomon made the statement during a Reuters event on Tuesday.… https://lnkd.in/gQJJfknj #GoldmanSachs #BitcoinInvestment #EthereumInvestment #CryptoNews #FinanceIndustry #DigitalAssets #InvestmentOpportunity #BlockchainTechnology #FinancialInnovation #CryptocurrencyTrends #Coinucation #BMIG

This week's hot topics in crypto Tether CEO Paolo Ardoino pointed to a strong correlation between BTC breaking $100,000 and USDT's market cap surging. Over the past 20 days alone, the stablecoin's capitalization increased by $16 billion. According to CoinGecko, Bitcoin is up almost 49%. "That required an injection of liquidity from the traditional financial world into the crypto trading world, and when there are these big inflows of liquidity, they end up being transformed into USDT, and that's how our market cap grew so rapidly," Ardoino said. Former US Treasury Secretary Lawrence Summers believes that Donald Trump's idea to set up a strategic BTC reserve is "crazy." According to Summers, an oil reserve would be a more reasonable initiative. "This idea that we should have some kind of national Bitcoin reserve — is crazy. There's no reason to do that other than to pander to [Donald Trump's] generous special-interest campaign contributors," Summers claims. Coinbase CEO Brian Armstrong announced that his company would not work with any law firm that hired former SEC officials. The businessman criticized ex-SEC employees who had been reluctant to resign from their posts at the agency that had been anti-crypto for a long time. "We've let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer be a client of theirs," Armstrong posted.

Does anyone understand why Bitcoin prices will fall when the US Federal Reserve cuts interest rates? Reducing interest rates reduces the returns on less risky government bonds and other things remaining equal investment flows into more risky equities. However in this case Bitcoin and wider crypto prices were negatively impacted. Is a new relationship emerging between Interest Rates and Crypto Currencies or was this simply a response to poor data which signals there will not be as many rate cuts next year as forecast? #bitcoin #cryptocurrencies #federalreserve

CoinGape: Latest News and Price Analysis on Bitcoin, Ethereum, and CryptocurrenciesThe upcoming United States Presidential Election takes different narratives as analysts project the impact of Donald Trump or President Biden’s win. A new Standard Chartered report points to improved market performance for Bitcoin (BTC) in the event of a re-election of Donald Trump. According to the report, the move could usher in positive signals in the Bitcoin market coupled with significant price upticks and improved adoption. The asset’s adoption has been mirrored by traditional investors in recent months as most sectors witness inflows. The bank noted that a Trump second term would be positive towards clearer regulations. “We think that... https://lnkd.in/dbFQ6U6P #Analysis #Bitcoin #CoinGape #Cryptocurrencies #Ethereum #Latest #News #Price

🚀 May 2024: A Month of Crypto Milestones 🚀 Get ready for a whirlwind of events shaping the crypto market this May! From regulatory decisions to global conferences, here’s what’s in store: 📊 Macroeconomic Factors: Keep an eye on the Federal Reserve's meeting and April CPI report. How will these impact crypto sentiment amidst economic uncertainties? 🌏 Spotlight on Hong Kong: The Bitcoin Asia Conference on May 9-10 will feature top figures from both crypto and traditional finance. Expect insights that could sway market trends! ⚖️ Legal Challenges: The Tornado Cash trial in the Netherlands, with a verdict expected on May 14, could set a precedent for privacy-focused developers. Stay tuned! 💼 SEC Decisions: The fate of Ethereum and Bitcoin ETFs hangs in the balance as the SEC reviews VanEck's and ARK's applications. Will they get the green light? With so much at stake, May 2024 promises to be a pivotal month for the crypto community. Stay informed, stay engaged, and let's navigate these developments together! 🚀💼 #Crypto #Blockchain #Regulation #Bitcoin #Ethereum #Finance https://lnkd.in/eH4qy73g